Overview
- State-owned Vattenfall, through project company Videberg Kraft, selected Rolls‑Royce SMR to deliver three light‑water small modular reactors at the Värö Peninsula with about 1,500 megawatts of combined output.
- The contract follows a multi‑year procurement that narrowed roughly 75 suppliers to two finalists and gives Rolls‑Royce SMR a commercial foothold in Sweden after earlier selections in the UK and Czech Republic.
- The reactors are factory‑built pressurised water units rated at about 470 MW each designed for standardized assembly to speed construction and simplify supply chains.
- The UK’s National Wealth Fund has provided a £599 million package to de‑risk Rolls‑Royce SMR financing, a move UK leaders present as supporting British jobs and exports tied to manufacturing work across the supply chain.
- The programme now moves into pre‑construction and supply‑chain build‑out with an early‑2030s operational target, but the project faces familiar nuclear risks of cost increases and schedule delays that could affect that timeline.