Sweden’s Videberg Kraft selected Rolls-Royce SMR to supply three small modular reactors (SMRs) for a planned nuclear power station on the Värö Peninsula near the existing Ringhals nuclear plant. The decision, announced by state-owned energy company Vattenfall, marks a key milestone in what is set to become Sweden’s first new nuclear power project in more than four decades.

The new plant is expected to add about 1.5 gigawatts of electricity to Sweden’s grid, with the first reactor planned to start running in the mid-2030s. By choosing Rolls-Royce SMR, Sweden becomes the third European country to select this technology, after the United Kingdom and the Czech Republic.

Three-year review narrows field to final two contenders

Videberg Kraft, owned by Vattenfall and Industrikraft, made its decision after three years of reviewing 75 possible reactor options. In the end, the decision came down to two technologies: the pressurized water reactor from Rolls-Royce SMR and the BWRX-300 reactor from GE Vernova Hitachi.

The new plant, called the Videberg Project, will be built next to the Ringhals nuclear power station, one of Sweden’s main electricity sources. When finished, the reactors should help secure Sweden’s energy supply and meet rising demand for electricity.

Desirée Comstedt, acting CEO of Videberg Kraft, pointed out the strong network of companies working with the British reactor developer.

“Rolls-Royce SMR offers a robust network of subcontractors, the majority of which are located in our geographical vicinity. By choosing to move forward with Rolls-Royce SMR, Videberg Kraft and its owner companies also become part of a European program, where we can benefit from shared experience.”

Familiar reactor technology seen as key advantage

Company leaders said that the proven track record of the chosen reactor technology was a key reason for their decision.

Anna Borg, Board member of Videberg Kraft and CEO of Vattenfall, said:

“Overall, the board’s assessment is that Rolls-Royce SMR is the supplier that can give Videberg Kraft the best prerequisites for delivering a successful project. The reactor, a pressurized water reactor (PWR), is the same type used at Ringhals today and is a well-proven technology. Moreover, Rolls-Royce SMR has a commercially attractive contractual set-up.”

Tom Erixon, a board member of Videberg Kraft and Industrikraft, also stressed the project’s focus on industrial methods.

“Rolls-Royce SMR offers an efficient and industrialized concept that reduces the risk of delays. Videberg Kraft, together with Rolls-Royce SMR, is now paving the way for a new nuclear power on the Värö peninsula – something that would not have been possible without a historically unique collaboration between Swedish industry and the energy sector.”

The Swedish decision gives Rolls-Royce SMR even more momentum as it expands in Europe.

Chris Cholerton, CEO of Rolls-Royce SMR, said, “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 the delivery of a standardized fleet of SMRs … [and] further demonstrates growing market confidence in our technology.”

The company’s reactor design can generate 470 megawatts of electricity and is built to provide steady power for at least 60 years. Much of the plant will be made in factories and then brought to the site for assembly. This method aims to reduce construction risks and accelerate the project. Nuclear energy is seeing a revival across Sweden.

This news comes as Sweden is working to speed up the development of its nuclear power. In 2022, the new center-right government became more supportive of nuclear energy. The next year, a roadmap was released calling for new nuclear capacity equal to at least two large reactors by 2035 and up to ten by 2045.

Recommended Articles