Feb 15 • 03:01 UTC 🇩🇪 Germany FAZ

Vattenfall CEO Borg: New Nuclear Energy is on the Rise

Vattenfall's CEO Anna Borg believes that the importance of nuclear energy will increase in the coming years, advocating for new reactor concepts as a solution for stabilizing electricity prices.

Anna Borg, the CEO of Vattenfall, a Swedish state-owned energy company, predicts a growing significance of nuclear energy in the near future. In an interview with the Deutsche Presse-Agentur, she highlighted that 'new nuclear energy' is gaining traction in many countries, referring to innovative reactor concepts, including Small Modular Reactors (SMRs), which are characterized by their smaller size and the prefabrication of their components. Borg's perspective comes amid ongoing debates about nuclear power in Germany and its role in the energy mix.

Vattenfall plans to significantly invest in its existing nuclear power plants, aiming to extend their operational lifespan by approximately 20 years. This strategy underscores the company's commitment to improving energy stability while continuing to address public concerns about nuclear safety and waste management. At the same time, Borg is considering the construction of three to five modular reactors, which could facilitate a more flexible and scalable integration of nuclear energy into the energy system.

The discussion about nuclear energy is particularly relevant in the context of shifting energy policies across Europe, where reliance on renewable energy sources is increasing, yet challenges such as energy security and price volatility persist. Vattenfall's initiatives could position the company as a leader in the transition towards a balanced and sustainable energy future, particularly if they can successfully alleviate public fears associated with nuclear energy while demonstrating its benefits in stabilizing electricity prices during fluctuating market conditions.

📡 Similar Coverage