Sweden selects Rolls-Royce SMR for its Nuclear Future

The decision underlines Rolls-Royce SMR’s position as Europe’s leading SMR technology, following recent contract awards in both the United Kingdom and Czech Republic.

The Videberg Project will build Sweden’s first new nuclear power plant in more than 40 years. It will significantly strengthen the Swedish energy system by adding 1,500 MWe of clean baseload capacity – around 6 percent of Sweden’s annual power consumption – for more than 60 years It will also support industries and households in southern Sweden while enhancing energy security.

Chris Cholerton, Rolls-Royce SMR Chief Executive, said:

“Following a rigorous selection process that began in 2022 and considered both large-scale and small modular reactor options, we are delighted to have been selected by Videberg Kraft as its partner to bring new nuclear power to Sweden. This is a strong endorsement of our transformational approach to delivery of a standardised fleet of SMRs.

“This decision further demonstrates growing market confidence in our technology, and we deeply appreciate the strong collaboration with the Videberg Kraft team and the trust placed in us.”

The Rt Hon Peter Kyle MP, Secretary of State for Business and Trade and President of the Board of Trade, said:

“This is a major vote of confidence in British innovation and our nuclear industry – we are now at the heart of the European nuclear renaissance alongside our partners in Sweden. Good jobs and clean energy security is our Modern Industrial Strategy in action.”

This decision builds on the strong foundations that have been established in the UK, where Rolls-Royce SMR is building long-term capability, skills and supply chain strength to enable both domestic deployment and export opportunities.

Rolls-Royce SMR uses a unique modular approach to deploying proven nuclear technology – using a standardised, ‘factory-built’ model that drives greater cost and schedule certainty.

The Rolls-Royce SMR is in the final stages of the UK regulatory process and the first unit in Sweden is expected to enter operation in the mid-2030s.

The Videberg Project will strengthen Sweden’s balanced energy system where nuclear – together with hydro, wind, solar and combined heat and power – already provides cost effective non-fossil electricity, enabling Swedish industry to remain competitive while powering its green transition.

By leveraging an extensive European supply chain, Rolls-Royce SMR will help create and sustain long-term employment, drive industrial growth and unlock further export opportunities.

In April, Rolls-Royce SMR signed a contract with Great British Energy – Nuclear to commence site specific design and delivery activities for the UK’s first small modular reactors, initially comprising three units at Wylfa in North Wales. An Early Works Contract with Czech utility ČEZ was agreed to progress licensing, permitting and site-specific design for deployment at the Temelín site.