Published December 22, 2024 at 08.26
Economy. After months of uncertain electricity supply and skyrocketing prices, Swedish industrial giants, including Alfa Laval, Stora Enso, Höganäs and Södra, have taken the initiative to push for the expansion of new nuclear power.
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The companies, which together form Industrikraft AB, emphasize the importance of stable and predictable electricity for Sweden's competitiveness.
– Access to electricity at competitive prices is a crucial issue for the competitiveness of Swedish industry and electrification is crucial for the transition, says Tom Erixon, CEO of Alfa Laval and chairman of Industrikraft AB, to Tidningen Näringslivet.
Industrikraft is currently in talks with the government and Vattenfall about possible financing models for new nuclear power. Among the proposals is a model with government loans and price hedging agreements, inspired by the Finnish Mankala model.
Henrik Ager, CEO of Höganäs, emphasizes the importance of stable electricity supply, especially for energy-intensive companies:
– The uncertainty surrounding electricity supply, especially in southern Sweden, makes necessary investments in electrification and climate change difficult, he tells the newspaper.
The forest owners' association Södra has also joined Industrikraft and highlights the importance of fossil-free and plannable electricity production:
– We see that in the future we may very well be a large net consumer of electricity, says Johannes Bogren, business area manager for Bioproducts at Södra.