Rolls-Royce SMR successful in Swedish nuclear selection process

Rolls-Royce SMR successful in Swedish nuclear selection process

12th June 2024

Rolls-Royce SMR has won a place on Vattenfall’s shortlist of just two SMR companies competing to potentially deploy a fleet of small modular reactors (SMRs) in Sweden.

Vattenfall, the Swedish multinational power company, has announced the shortlist of two SMR vendors as part of its plans to meet the rising demand for electricity, adding nuclear capacity and helping Sweden achieve its goal of creating a fossil-free economy by 2045. 

This selection follows a thorough assessment process in which Rolls-Royce SMR had the opportunity to present a fundamentally different approach to building nuclear projects and a modularisation strategy focused on risk reduction to Vattenfall, an experienced and technically respected energy utility.

Rolls-Royce SMR CEO, Chris Cholerton, said: “We are delighted to be one of the two SMR technologies selected by Vattenfall for further evaluation in Sweden. Success in reaching the final two, in such a fiercely competitive process, reflects the benefits of our integrated power station design, our approach to modularisation and our use of proven nuclear technology.

“Rolls-Royce SMR is the fastest and most affordable way of bringing new nuclear power online and we are excited to work with utilities and industrial customers around the globe, to unlock sustainable sources of low-cost, low-carbon electricity for decades to come.”

Vattenfall’s focus will be deployment at the Ringhals nuclear site with a project that, at the earliest, is operational in the first half of the 2030s, with assessments for SMR and large-scale reactors ongoing.

Sweden has said it needs an additional 100-250 TWh of electricity production over the next 25 years and Vattenfall is poised to play a critical role in the country’s energy transition, including integrating new nuclear capacity into the energy mix.

Rolls-Royce SMR is on track to complete Step 2 and immediately enter Step 3 of the Generic Design Assessment by the UK nuclear industry’s independent regulators this summer. This will be the most important regulatory milestone to date - confirming Rolls-Royce SMR's first mover advantage as the leading technology in Europe.

Rolls-Royce SMR

Dan Gould, Head of Communications, Rolls-Royce SMR

M +44 (0) 7717 720809

[email protected]

Robert Bergqvist,

Country Executive (Sweden)

M +46720557777

[email protected]

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Notes to Editors:

The Rolls-Royce SMR is the UK’s first domestic nuclear technology in more than 20 years - providing a British solution to a global energy dilemma. Each small modular reactor will produce enough stable, affordable, emission-free energy to power a million homes for at least 60 years.

Rolls-Royce SMR has received UK Government funding of £210m as part of Phase 2 of the Low-Cost Nuclear Challenge Project, administered by UKRI, which has been supplemented by £280m of private capital. The aim of this Government support is to accelerate the Rolls-Royce SMR design and pass at least Step 2 of the (GDA) regulatory process carried out by the nuclear industry’s independent regulators (The Office for Nuclear Regulation (ONR), Environment Agency and Natural Resources Wales).

Rolls-Royce SMR welcomes comments and questions about the Rolls-Royce SMR design. This feedback will be incorporated into the GDA process and may be published anonymously on the Rolls-Royce SMR GDA website and used during dialogue with the regulators.