Norway, an oil and gas-rich nation is considering turning to nuclear energy to power its future.

The country has never had a large-scale nuclear industry, with small medical and test facilities operating until 2019.

Now Norway, a net-energy exporter according to the IAEA, is looking to nuclear reactors to power its energy needs.

As a major oil and gas producer and exporter, Norway is looking at ways to support the green energy transition.

In 2020, 87% of its energy production of fossil fuels was exported and supplies 3% of global gas and 2.3% of global oil. As a reputable and reliable producer, 

With geothermal, hydropower and renewables in the mix for domestic consumption, one company is looking to add Small Modular Nuclear Reactors to the mix.

Tech start-up Norsk Kjernekraft this week said it had submitted a LOI to the Norwegian Ministry of Oil & Energy to build small modular reactors (SMRs) designed by British firm Rolls Royce.

The project could be up and running within a decade, reports said, supplying some 2.5 TWh of electricity, or about 8% of Norways needs per year. 

The project is supported by M Vestt, a large energy gas and oil company in the country.

The power plant design will include multiple reactors and be built-in Aure, over in northern Norway and Heim in central-west Norway.

More nuclear news to come soon.