Rolls-Royce SMR has been chosen to supply three small modular reactors (SMRs) for a nuclear energy project in Sweden, marking a significant milestone in the company’s European expansion, Euronews reported.
Project developer Videberg Kraft had been selecting a contractor since 2022. As a winner, Rolls-Royce SMR is now expected to build three SMRs on Sweden’s west coast on the Värö Peninsula. Once the project is completed, it will be Sweden’s first new nuclear power plant in more than four decades, helping ensure a stable electricity supply to the country’s southern regions.
Although no financial terms were disclosed, the U.K. government described the deal as a multibillion-pound export win that could support jobs and supply chains across the U.K. Rolls-Royce also characterized the initiative as one of the most advanced SMR deployment projects outside the U.K.
Unlike conventional nuclear plants, SMRs are designed to be smaller and more flexible, typically generating between 20 and 300 megawatts of electricity. Thanks to their design and technical specifications, they are increasingly seen by European policymakers as a viable source of low-carbon electricity.
Earlier this year, the EU adopted an SMR strategy, pledging to accelerate the development and deployment of the technology across member states.
