Nuclear Power
Busch warns of costlier nuclear power without agreement
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Energy Minister Ebba Busch (KD) fears prices for new nuclear power will rise without a broad cross-block energy agreement. In SVT's "30 Minutes," she criticizes the Moderates and Sweden Democrats for sabotaging the talks last autumn, calling it short-sighted and petty. Finance Minister Niklas Wykman (M) rejects the criticism, pointing to disagreements on the left side.
Climate Minister Kim Sung-whan announced on January 26 that South Korea will construct two new nuclear reactors by 2038 at the latest, reflecting public support amid growing demand for clean energy. This is part of the 12th basic plan for electricity supply and demand covering 2026-2040, continuing the previous administration's initiative to address climate change through carbon emission reductions.
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Kävlinge's municipal council has approved a letter of intent to investigate new nuclear power in Barsebäck, despite opposition criticism of hasty decisions. The Moderates announced the news in advance, frustrating smaller parties. The background involves a previously decommissioned facility with unique conditions for rebuilding.
Valar Atomics, an El Segundo, California-based startup, announced on Monday that it has reached nuclear criticality, a crucial milestone for fission reactors. The company claims to be the first nuclear startup to achieve this, with support from a leading U.S. nuclear laboratory. This development aligns with a Trump administration pilot program aiming for three startups to hit the milestone by July 4, 2026.