Sweden and the United States seal a major nuclear energy agreement

Sweden and the USA sign a memorandum of understanding to intensify collaboration in advanced nuclear technologies, including modular reactors and waste management.

Partagez:

Sweden and the United States formalized a strategic partnership in nuclear energy on August 1 in Washington, D.C. The memorandum of understanding (MoU), signed by Ebba Busch, Swedish Minister for Energy, Business and Industry, and Jennifer Granholm, U.S. Secretary of Energy, marks a milestone in cooperation between the two countries in nuclear technologies for peaceful uses.
The main objectives of the agreement include the joint development of advanced nuclear reactors, such as small modular reactors (SMRs), and improved nuclear waste management.
The two nations also plan to exchange scientific and technical information, and to collaborate on policies, financing models and the development of new skills in the sector.

Implications and Details of the Agreement

This MoU creates a formal framework for cooperation between government agencies, companies and research institutions in the two countries.
It will facilitate contacts between public and private entities, promote dialogue and cooperation at all levels, and organize visits, workshops and meetings to strengthen bilateral relations.
Ebba Busch emphasizes that this agreement strengthens the competitiveness of both countries and enhances bilateral relations.
Jennifer Granholm points out that the agreement aims to diversify nuclear fuel supply chains and sources, while developing solutions for spent fuel management.

Background and future prospects

Sweden’s center-right government, installed in October 2022, has affirmed its strong support for nuclear power.
Its roadmap, presented last November, calls for the construction of new nuclear capacity, with at least two large reactors by 2035 and up to ten by 2045. This cooperation with the United States is part of this dynamic, underlining both countries’ commitment to promoting advanced and sustainable nuclear technologies. By collaborating on research projects and sharing best practices, Sweden and the USA aim to set high standards for the global nuclear industry.
The signing of this MoU is a key step towards enhanced cooperation in the nuclear field, promising significant technological advances and better management of the world’s energy challenges.

  • Populaires ​
China and the United States improve their energy performance in an unstable global context
Prax Group files for insolvency in the UK after losses at Lindsey refinery
Renewable energy: access improving, but financing still insufficient for Africa
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
The Indonesian-Chinese lithium-ion battery plant will open with 6.9 GWh in 2026
GE Vernova and Fortum launch major nuclear project in Scandinavia
GE Vernova Hitachi Nuclear Energy and Fortum announce partnership aimed at preparing for the potential deployment of small modular reactors in Finland and Sweden, with commissioning scheduled for the 2030s.
Energy Fuels extracts 638,700 pounds of uranium at Pinyon Plain mine
Energy Fuels Inc. announced record production of 638,700 pounds of uranium during the second quarter of 2025 at its Pinyon Plain mine in Arizona, significantly surpassing initial site performance forecasts.
Argentina and Peru strengthen cooperation in civil nuclear sector
Argentina and Peru have signed an agreement expanding their scientific and technological cooperation in the civil nuclear field, including joint research projects and specialised training programmes for future development.
World Bank resumes nuclear financing after decades of absence
After several decades without funding nuclear projects, the World Bank has formed a strategic partnership with the IAEA to provide technical and financial support to countries integrating nuclear energy into their energy strategies.
Seoul approves definitive decommissioning of South Korea’s first nuclear reactor
South Korea's Nuclear Safety and Security Commission officially validates the decommissioning of reactor number one at the Kori plant, initiating an unprecedented project for the national industry scheduled to last until 2037.
EnCore Energy raises uranium output and hails Texas nuclear reforms
Uranium producer enCore Energy surpasses three thousand pounds per day at its Alta Mesa ISR complex and sees three new Texas laws as a strong signal for faster nuclear production permits.
IAEA Confirms Concerns About Iranian Enriched Uranium Stockpile
The International Atomic Energy Agency expresses concerns over Iran’s enriched uranium stockpiles following the abrupt suspension of inspections at key sites disrupted by recent attacks whose consequences remain uncertain.
India: NPCIL extends deadline to September 30 for BSR reactor proposals
NPCIL has announced an extension until September 30 for industrial proposals concerning Bharat Small Reactors (BSR), following increased interest from the Indian private sector.
Brno rejects EDF lawsuit over Czech nuclear contract
A regional court has upheld the award of two new reactors in the Czech Republic to Korea Hydro & Nuclear Power, dismissing Électricité de France’s challenge to the €16bn contract in a decisive step for the national energy programme.
EDF anticipates immediate reduction in nuclear output amid heatwave
Facing rising temperatures, EDF anticipates cuts in nuclear production starting early July, primarily due to thermal constraints on rivers used for cooling the power plants.
Fortum selects Westinghouse to study an AP1000 reactor in Finland
The preliminary agreement launches planning and site assessment for a tailored AP1000 reactor, following two years of feasibility study, and enlists Westinghouse and Hyundai to support Fortum’s regional nuclear expansion.
United States: Unprecedented firing of nuclear regulator sparks intense controversy
Donald Trump's unprecedented decision to dismiss Christopher Hanson, a member of the NRC, provokes outrage among former federal officials and raises concerns over the regulatory independence of the U.S. nuclear sector.
Uranium Energy Corp acquires 170 million shares of Anfield Energy Inc.
Uranium Energy Corp strengthens its position in Anfield Energy Inc., now holding approximately 32.4% of the company’s shares following an investment of CAD19.55mn ($14.82mn), significantly expanding its strategic influence in the uranium market.
New York launches major nuclear project to secure its energy supply
New York State plans an advanced nuclear power plant with a 1-gigawatt capacity to meet long-term energy and economic goals, involving significant investment to enhance regional energy independence.
Orano challenges Niger’s decision to nationalize mining company SOMAÏR
Niger announces its intention to nationalize SOMAÏR, a mining company jointly owned with Orano, provoking strong opposition from the French company and paving the way for further international legal tensions.
Russia and Mali Sign Trade Agreements and Target Nuclear Energy
Russia strengthens its economic presence in Mali with new agreements, notably in nuclear energy and gold refining, consolidating strategic cooperation within a rapidly evolving geopolitical context.
United States releases additional $100 mn to restart Palisades Nuclear Plant
The US government grants a fourth payment of $100.45 mn to Holtec International to restart the Palisades Nuclear Plant, pending regulatory approval, marking an unprecedented event in the United States.
EDF secures £4.5 billion from Apollo to finance Hinkley Point C
EDF announces a major agreement with Apollo to raise up to £4.5 billion via bonds to finance the British nuclear project Hinkley Point C, whose costs continue to rise significantly.
France: Anne-Isabelle Étienvre Proposed by Élysée to Head the CEA
The Élysée proposes Anne-Isabelle Étienvre, current Director of Fundamental Research at the CEA, as General Administrator to replace François Jacq, recently appointed President of CNES.
Greece Considers Modular Reactors to Decarbonize its Maritime Industry
Greek Prime Minister Kyriakos Mitsotakis has announced his country's interest in small modular nuclear reactors to meet national energy challenges and decarbonize the maritime sector within the next fifteen years.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS