Finnish energy company Fortum has announced the launch of a two-year feasibility study to explore the potential for new nuclear construction, with a focus on Finland and neighboring Sweden. The utility said it will examine commercial, technological, and societal conditions for both conventional large reactors and small modular reactors.

Vattenfall has initiated a study to look into the feasibility of building at least two small modular reactors adjacent to its Ringhals nuclear power plant, the Swedish state-owned power company announced recently.

Located on Sweden’s west coast about 37 miles south of Gothenburg, Ringhals holds two operating power reactors: Unit 3, a 1,074-MWe pressurized water reactor; and Unit 4, a 1,130-MWe PWR. The facility is also home to two retired units: Unit 1, a boiling water reactor shut down in December 2020; and Unit 2, a PWR taken off line in December 2019.

RWE’s Gundremmingen nuclear plant, located in Bavaria, is slated to close at the end of the year. Photo: Wikipedia/Felix König

After years of litigation, Germany has reached an agreement with four utility companies on compensation for losses incurred as a result of the government’s stunning decision in 2011 to abandon nuclear power. In March of that year, only days after the Fukushima Daiichi disaster, German Chancellor Angela Merkel announced a 180-degree reversal in the country’s energy policy, which had been one of support for nuclear power. Eight units were shut down immediately, and by May 2011 the government had announced a plan to close all nuclear power plants by 2022.

The companies will receive a total of €2.4 billion (about $2.85 billion), with €1.4 billion going to Sweden-based Vattenfall and the remaining €1 billion split between German utilities RWE (€880 million), EnBW (€80 million), and E.ON (€42.5 million). In return, the companies have agreed to terminate all phaseout-related legal disputes with the government.