Swedish energy company Vattenfall has shortlisted GE Vernova and Rolls-Royce SMR as potential suppliers to build a new nuclear power facility on the Värö Peninsula, home to the Ringhals nuclear plant. The selection follows a detailed evaluation involving 75 suppliers and focuses on small modular reactors (SMRs) that can be delivered within budget and on schedule.
The project targets a total output of around 1500 MW, achieved through either five GE Vernova Hitachi BWRX-300 reactors or three Rolls-Royce SMRs. This marks Sweden’s first significant nuclear construction in over 40 years, reversing the decades-long phase-out policy to meet rising electricity demand and climate goals. Additional capacity of 1000 MW may be added at nearby Ringhals 1 and 2 sites in the future.
The Värö Peninsula was chosen due to its existing nuclear infrastructure, grid capacity, and expertise. SMRs are favoured for their smaller footprint, modular construction, and efficiency, which reduce construction timelines and costs. Vattenfall’s experience with reactor fuels and supply chains strengthens the economic viability of the project.
Vattenfall CEO Anna Borg emphasised the importance of delivering the project within a reasonable timeframe and budget, aiming to advance Sweden’s transition to stable, low-carbon energy. The project benefits from supportive state financing and a risk-sharing model backed by the Swedish Parliament.
Preparations for regulatory approvals and environmental permits are underway, alongside collaboration with the Industrikraft consortium of Swedish industrial partners.
This initiative aligns with Sweden’s commitment to doubling electricity production by 2045 and achieving a fossil-free electricity system by 2040, underscoring nuclear power’s vital role in the nation’s clean energy future.
Additionally, Vattenfall recently secured a contract to operate a 50 MW energy storage site in the Netherlands, expanding its clean energy operations beyond Sweden.
