Sweden¡¯s nuclear revival risks being undermined as more companies pull the brakes on large power-hungry green projects designed to clean up some of the world¡¯s dirtiest industries.
A policy U-turn that would entail a massive build-out of reactors, the first to come online in more than 40 years, now appears more unlikely as uncertainty grows over how much electricity the Nordic region¡¯s biggest economy will actually need in the coming decades.
Tremendously costly and time consuming to build, the government¡¯s plan has nuclear reactors becoming the main building blocks of the energy system way into the next century as everything from transport to heavy industries gets electrified. Makers of fossil-free steel, electric vehicle batteries, green hydrogen and potential marine fuel e-methanol would contribute to a large slice of the demand increase.
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