Swedish agency provides funding to help develop technologies for a small nuclear reactor

The Swedish Energy Agency, which falls under the Sweden’s Ministry of Infrastructure, has awarded funding of $10.6-million to support the construction of a demonstrator small modular nuclear reactor (SMR) in the country. The funding has been granted to Swedish Modular Reactors AB, which is a joint venture between local companies Uniper Sweden and LeadCold. LeadCold is a spin-off company from Sweden’s Royal Institute of Technology (abbreviated to KTH in Swedish), while Uniper Sweden is a subsidiary of the Germany-based international energy group Uniper. The two companies and KTH jointly announced in February last year that they would jointly explore the construction of a Swedish-designed demonstrator SMR.