Rolls-Royce SMR has secured a major contract to deliver 3 Small Modular Reactors (SMRs) in Sweden, strengthening the British engineering group’s position in the growing European nuclear energy market.
The agreement follows a selection process that began in 2022 and marks a significant milestone for Rolls-Royce’s nuclear division. Under the deal, the company has been chosen by Videberg Kraft to supply 3 SMRs at the Värö Peninsula on Sweden’s west coast.
According to a company statement, the Videberg Project will deliver Sweden’s first new nuclear power plant in more than 40 years, supporting both households and industries across southern Sweden.
The project is being developed in partnership with utility company Vattenfall and developer Kärnfull Next, making it one of the most advanced SMR deployment opportunities outside the UK.
The UK government welcomed the agreement, stating that it will support thousands of skilled jobs, strengthen supply chains, and deepen cooperation between the UK and Sweden. While Rolls-Royce did not reveal the contract value, the government described it as a major multibillion-pound export success and an important milestone for the British nuclear sector.
Following the announcement, Rolls-Royce shares rose 1.8% during Tuesday trading.
The deal is part of the company’s broader strategy to become a leading developer, builder, and supplier of SMRs across Europe. Tufan Erginbilgic, CEO of Rolls-Royce plc, said, “Selection by Videberg Kraft reinforces the status of Rolls-Royce SMR as the only company with multiple contractual commitments to deliver SMR units in Europe.”
The latest agreement follows a contract signed with the Czech CEZ Group in April 2026 to advance the Czech Republic’s first SMR project. Rolls-Royce SMR has also partnered with Great British Energy – Nuclear for the design and delivery of the UK’s first small modular reactors.
The European Commission considers SMRs a promising low-carbon technology that can support clean energy generation and strengthen energy security. To accelerate adoption, the EU introduced its SMR strategy in March 2026 to help remove regulatory barriers and speed up deployment.
SMRs typically generate between 20 and 300 megawatts of electricity, making them smaller than conventional nuclear power plants. At full capacity, a 300-megawatt reactor can generate approximately 7.2 million kilowatt-hours of electricity per day, enough to power hundreds of thousands of homes.
According to the International Energy Agency (IEA), more than 1,000 SMRs could be deployed globally by 2050 under supportive policy conditions, requiring cumulative investments of around $670 billion (€577 billion).
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