Sweden Picks Rolls-Royce for First New Reactor Since the 1980s

AI Summary

Sweden has selected Rolls-Royce SMR to develop its first new nuclear plant in over 40 years, with three units planned on the west coast. This contract adds to Rolls-Royce's existing European projects and highlights significant UK government support.

Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first new nuclear plant in more than forty years. The multibillion-pound export win, actively supported by UK government trade efforts, lands on top of existing deals in the UK and Czechia and makes Rolls-Royce the only SMR developer with multiple binding commitments across the continent. We tracked when the UK advanced its own program, Great…