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Fortum Seeks State Aid for Major New Nuclear Project in Sweden

Nordic energy company Fortum on Thursday said it had submitted a state aid application to start talks with the Swedish state on the terms and conditions to advance a new nuclear power project in…

  • Fortum submits state aid application for new nuclear project in Sweden.
  • NuCore Energi aims to build 1,200 MW to 3,400 MW nuclear power plant in Oskarshamn.
  • Sweden targets 10 new reactors by 2045, shifting to fossil-free electricity goal.

TotalEnergies Exits Arctic LNG 2 Project

The French energy company transferred its 10% stake in the project to a subsidiary of Novatek.

  • TotalEnergies exits Arctic LNG 2 project in Russia.
  • CEO Patrick Pouyanne announced stake transfer in July.
  • Company wrote off project in 2022 with $4.1B loss.

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