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04.09.26 - 15:12
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GE Vernova Finds Its Footing In Sweden With Studsvik After Loss To Rolls Royce (ZeroHedge)
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GE Vernova Finds Its Footing In Sweden With Studsvik After Loss To Rolls Royce
Swedish nuclear life-cycle services company, Studsvik AB, announced an agreement with GE Vernova Hitachi (GVH) and Samsung C&T for 1.2 GW of new nuclear energy in Sweden.
Project developer Studsvik selected the GVH boiling water reactor design, the BWRX-300, to be constructed by Samsung C&T. The consortium is targeting first-unit operation in the mid-2030s.
The project location is still undetermined. It'll be developed at either Studsvik's existing licensed nuclear site in Nyköping, or Målma in Valdemarsvik.
This latest project for GE Vernova comes shortly after they lost in a competition with Rolls-Royce to construct reactors for Swedish state-owned utility Vattenfall. But, GE Vernova has been working with Studsvik's wholly-owned reactor development subsidiary for several years, making this less of a surprise and more of a confirmation of previous expectations.
Rolls-Royce SMR selected to deliver Sweden's fir...
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03.09.26 - 11:54
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Swedish Services Growth Accelerates In August (AFX)
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STOCKHOLM (dpa-AFX) - The Swedish service sector expanded at a faster pace in August, survey results from Swedbank and the logistics association Silf showed on Thursday.The purchasing managers' in......
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02.09.26 - 11:48
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Sweden Signs Deal To Buy 4 Frigates From France, Deepen Defense Cooperation (ZeroHedge)
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Sweden Signs Deal To Buy 4 Frigates From France, Deepen Defense Cooperation
Authored by Guy Birchall via The Epoch Times,
Sweden inked a deal with France for a quartet of Naval Group frigates during a ceremony in Stockholm on Aug. 31.
A Swedish flag in Stockholm on April 4, 2020. Jonathan Nackstrand/AFP via Getty Images
The event in the Swedish capital was attended by the leaders of both nations, French President Emmanuel Macron and Swedish Prime Minister Ulf Kristersson, who also agreed to deepen their defense cooperation more broadly.
The ships ordered by the Swedes will be manufactured by French state-controlled defense manufacturer Naval Group at its main surface shipyard in Lorient, located on Brittany's Atlantic coast, Macron said in an Aug. 31 post on X.
"This is the excellence of our defense industry that is recognized," Macron said, adding that it was also emblematic of "two nations that share a common vision of European sovereignty and security."
"From the B...
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01.09.26 - 14:31
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Swedish Factory Growth Improves In August (AFX)
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STOCKHOLM (dpa-AFX) - Sweden's manufacturing growth rebounded somewhat in August, survey data from Swedbank and the logistics association SILF showed on Tuesday.The purchasing managers' index for ......
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