Bastards.
From Reuters, June 15:
- Rolls-Royce picked over GE Vernova for new Swedish nuclear project
- Deal is worth several billion British pounds, UK government says
- Reactors could add 12 terawatt hours (TWh) per year
OSLO, June 15 (Reuters) - Swedish utility Vattenfall said on Monday it has selected Rolls-Royce SMR, opens new tab to supply small modular nuclear reactors, choosing the British company over U.S. rival GE Vernova (GEV.N), in a deal worth several billion pounds.
Sweden's parliament last year passed legislation to finance a new generation of reactors, the first built in Sweden for more than 40 years and which the government says is necessary for energy security and achieving net zero emissions by 2045.
The Rolls-Royce SMR agreement was a significant step towards building new nuclear power and would result in lower electricity prices for consumers, Swedish Energy Minister Ebba Busch told a press conference.The British government, which had lobbied for Rolls-Royce to secure the contract, said it expected it would be a "multibillion-pound deal", although final terms will be decided at a later time."This deal is a major win for Britain's economy - showcasing UK engineering on the world stage and securing high value jobs, investment and export growth for years to come," Prime Minister Keir Starmer said in a statement.Sweden has said it is prepared to spend several hundred billion crowns, or tens of billions of dollars, to revive its nuclear energy industry.Last August, Vattenfall said its Videberg Kraft venture planned to order either five BWRX-300 reactors from GE Vernova or three Rolls-Royce small modular reactors (SMRs)....
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Previously:
October 2025 - "What Will Rolls-Royce Gain From the UK–US Nuclear Deal?"
Although this reads a bit like a Rolls-Royce promotional piece it is good background. The company will be popping up in more and more discussions of small modular reactors.*February 2026 at Yahoo News - Rolls-Royce drops plan for nuclear reactor on the moonApril 2026 - "Reeves hands Rolls-Royce £600m to build mini-nukes in Britain"
