Kärnfull Next Unveils Plans for SMR Campus in Nyköping, Sweden
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Press Release
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24 August 2023
Europe’s First SMR Campus planned in Nyköping, Sweden
In a leap towards more sustainable energy, leading Small Modular Reactor (SMR) project development company Kärnfull Next (KNXT) announces plans for its first nuclear new build site for an innovative SMR campus in Nyköping, Sweden.
The company has signed a memorandum of understanding and attained prospecting rights to explore the potential for commercial nuclear energy production at Studsvik’s industrial site on Sweden's east coast.
A feasibility study began in May, and preliminary results suggest that the Studsvik area has favorable conditions for hosting commercial small modular reactors. The study, which is to be completed in December this year, evaluates the financial, technological, environmental, and societal feasibility of flexible and state-of-the-art nuclear power production at the site.
“With its vast expertise in the nuclear technology sector, Studsvik is the perfect partner for us", says Christian Sjölander, CEO and founder of Kärnfull Next.
“The Studsvik site seems to be well suited to become Sweden’s first new nuclear power site, accompanying the three that already exist. Our vision is that one of Europe’s first SMR parks can be taken into operation here already in the early 2030s. Having several small reactors creates future-proof jobs and opportunities for co-location with other high-tech industries."
Provided the studies continue to show promise and the project gains local acceptance, key decisions regarding financing, permitting and PPAs with off-takers will be made in the second half of 2024. The site likely has the potential to become a significant and climate-focused employer for Nyköping and neighboring municipalities.
“Kärnfull Next has established itself as a reliable and innovative partner with solid expertise", says Camilla Hoflund, CEO of Studsvik.
“We welcome the partnership and look forward to the outcome of the feasibility study. At present it is too early to say what this may mean for Studsvik, as the conditions have not yet been fully investigated and there are many years left before a possible establishment of an SMR at the Studsvik site.”
Kärnfull Next and Studsvik will jointly decide the way forward, including company constellations, following the finalization of the pre-feasibility study in December 2023.
Christian Sjölander
CEO & Founder, KNXT
Camilla Hoflund
President & CEO
Studsvik AB
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Studsvik AB
Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik’s focus areas are fuel and materials technology, reactor analysis software and fuel optimization, decommissioning and radiation protection services as well as technical solutions for handling, conditioning and volume reduction of radioactive waste. The company has more than 75 years’ experience of nuclear technology and radiological services. Studsvik has 520 employees in 7 countries and the company’s shares are listed on Nasdaq Stockholm.
Studsvik Tech Park
In one of Sweden's fastest growing economies, Studsvik Tech Park plays a new and active role in developing collaborations between businesses, universities, and the public sector. By the Baltic sea, on an area the size of Monaco, a one-of-a-kind tech park is being created in one of Sweden's most secure areas. Secure from acts of terrorism, sabotage, and espionage, but close to an international airport, highways, and train routes including a new high-speed rail, businesses that establish themselves here have a unique opportunity.
CONTACT INFORMATION
Want to know more?
Christian Sjölander, CEO & Founder KNXT
christian.sjolander@knxt.se
+46 790 175 165
Camilla Hoflund, President & CEO Studsvik
camilla.hoflund@studsvik.com
+46 76 002 1066
Media requests: media@knxt.se
