Image: Rolls-Royce SMR Ltd.
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. It will deliver three Small Modular Reactors (SMRs) to Sweden’s west coast, at the Värö Peninsula.
In a statement, the UK government praised the deal, calling it an agreement that will "support thousands of skilled jobs, strengthen supply chains and deepen the UK-Sweden partnership".
The deal supports the British company’s efforts to strengthen its position in Europe, where it has been pursuing opportunities to become a leading developer, builder and supplier of SMRs.
The current announcement follows another deal in April this year, when Rolls-Royce SMR signed a contract with the Czech CEZ Group to advance work on the Czech Republic’s first SMR. The firm also sealed a deal with Great British Energy – Nuclear (GBE-N) for the design and delivery of the first SMRs in the UK.
The European Commission considers 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.
The International Energy Agency 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 $670bn.
Source: Euronews
Image: Rolls-Royce SMR Ltd.