A multi-billion pound contract with Swedish development firm Videberg Kraft will see Rolls-Royce SMR deliver three small modular reactors (SMRs) on Sweden’s west coast.
UK nuclear technology firm Rolls-Royce SMR won the contract following a selection process that started in 2022 where both large-scale nuclear plants and SMR designs were assessed. The deal includes three SMRs constructed as part of the Videberg Project on Sweden’s Värö Peninsula.
UK Prime Minister Keir Starmer referred to the deal as a “major win for Britain’s economy” that will see “UK engineering showcased on the world stage”.
It marks the third contract for Rolls-Royce SMR following a deal with Great British Energy – Nuclear (GBE-N) announced earlier this year to deliver the UK’s first three SMRs at Wylfa in North Wales and a contract with European utility firm ČEZ announced at the end of 2024 to deploy up to 3GW of new nuclear power in the Czech Republic.
The Videberg Project, Sweden’s first new nuclear power plant in...