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Under a new business plan, Norwegian nuclear project developer Norsk Kjernekraft says it plans to construct off-grid small modular reactors in industrial areas where both reliable power and access to heat are needed.

The company noted that estimates of future energy demand in Norway vary from 50 TWh to 233 TWh. 

Norsk Kjernekraft said that when hydropower was developed in Norway, industry was established where the hydropower plants were. However, with small modular reactors (SMRs), power production can now take place where the industry is located. "Because nuclear power, like hydropower, lasts for 100 years (with two upgrades after 60 and 80 years respectively), it gives the opportunity to recreate what hydropower has done for Norway. After the power plants have been paid off, they supply cheap electricity for a further 70-80 years - as hydropower has done."