Rolls-Royce Secures Deal To Build Small Nuclear Reactors For Sweden

Source: Slashdot

Rolls-Royce SMR has secured a multibillion-pound agreement to build three small modular reactors on Sweden’s west coast, “marking a major step in the British engineering group’s ambition to become a leading supplier of the technology in Europe,” reports Euronews. From the report: Following a rigorous selection process that started in 2022, UK engineering giant Rolls-Royce’s nuclear division, Rolls-Royce SMR, won the contract to build nuclear reactors for Sweden. As part of the deal, the group, selected by Videberg Kraft as its partner, will deliver three Small Modular Reactors (SMRs) to Sweden’s west coast, at the Varo Peninsula. “The Videberg Project will build Sweden’s first new nuclear power plant in more than forty years, supporting industries and households in southern Sweden,” a press statement from Rolls-Royce said. The partnership with utility Vattenfall and developer Karnfull Next is seen as one of the most advanced opportunities for deployment outside of the UK.

[…] The European Commission considers small modular reactors (SMRs) to be a promising low-carbon technology that could help support the bloc’s clean energy and energy security goals. In order to remove regulatory barriers, the EU’s SMR strategy was adopted in March 2026 to accelerate the development and deployment of the technology across Europe. SMRs are smaller than conventional nuclear power plants, typically generating between 20 and 300 megawatts of electricity. At the upper end of that range, a reactor could produce around 7.2 million kilowatt-hours of electricity per day — enough to power hundreds of thousands of homes. The International Energy Agency (IEA) estimates that more than 1,000 small modular reactors could be deployed worldwide by 2050 under a supportive policy scenario, requiring cumulative investment of around $670 billion.