Swedish Government Unveils Historic Investment in Small Modular Nuclear Reactors
Sweden's government announces major investment in small modular nuclear reactors as part of a historic energy strategy.
- • Sweden to invest in small modular nuclear reactors (SMRs) for the first time in 50 years.
- • Prime Minister Ulf Kristersson calls it a "historic chance" for the nuclear sector.
- • Vattenfall to collaborate with GE Vernova and Rolls-Royce for reactor construction.
- • The initiative is aimed at generating up to 2500 megawatts of power.
Key details
In a landmark move for Sweden's energy policy, Prime Minister Ulf Kristersson announced on August 21, 2025, that the government will invest in the construction of small modular nuclear reactors (SMRs). This initiative marks the first new nuclear energy investment in Sweden in half a century and aims to bolster the nation’s energy supply amidst a growing global demand for nuclear energy alternatives.
During a press conference held at the Ringhals nuclear power plant in Varberg, Kristersson described the project as a "historic chance" for Sweden’s nuclear energy sector. The plan involves Vattenfall partnering with American company GE Vernova and British firm Rolls-Royce to potentially build up to five reactors using GE's designs or three reactors based on Rolls-Royce's technology. Together, these SMRs are expected to generate 1500 megawatts of power, with prospects for an additional 1000 megawatts.
Kristersson stressed the importance of this investment in stabilizing Sweden's energy system, which has been under strain due to various factors influencing energy supply and pricing. The Prime Minister emphasized that this initiative not only reflects the government's commitment to nuclear energy but also opens doors for Swedish industries to engage as partners in this venture.
Support for this nuclear initiative extends beyond Kristersson’s government, with notable backing from key political figures. Jimmie Åkesson, leader of the Sweden Democrats, underscored that this decision is pivotal for restoring stability and predictability in Sweden’s energy landscape. Additionally, Energy Minister Ebba Busch highlighted that the development of SMRs is vital for maintaining Sweden's competitive edge in the global nuclear energy arena.
With this strategic shift, Sweden aims to enhance its position in the international nuclear race while ensuring energy security and sustainability for the future. The government’s commitment to the SMR initiative is set to position Sweden as a leader in innovative nuclear technology.