![\"Rendering](\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/06\/SMR-RENDER1-small-960x586-1.jpeg\")
\t\tRolls-Royce SMR has won a contract in Sweden.\t<\/p>\n\t\t\tMonday 15 June 2026 3:25 pm\n\t\t\t<\/p>\n
\t\tRolls-Royce SMR has won a contract in Sweden.\t<\/p>\n
Rolls-Royce\u2019s special purpose vehicle<\/a> for nuclear energy has secured a major win after locking down a multi-billion pound deal to build small modular reactors in Sweden. <\/p>\n The FTSE 100 giant\u2019s small modular reactor (SMR) unit, which is co-owned by\u00a0Czech power company CEZ<\/a>, designs and delivers factory-built nuclear power plants. Rolls-Royce SMR was selected by Swedish development firm Videberg Kraft to help bulk up the nation\u2019s nuclear capacity.<\/p>\n Shares in the group were up nearly four per cent to 1,353.60 on Monday as it partook in the wider relief rally following the confirmation of a US-Iran peace deal.<\/p>\n The deal will see the company deliver Sweden\u2019s first new nuclear power for over 40 years.<\/p>\n Tufan Erginbilgic, chief executive of Rolls-Royce, said: \u201cSuccess in Sweden shows the real momentum that Rolls-Royce SMR is generating as it builds upon its crucial first-mover advantage in a market that is growing and attracting significant international interest.\u201d<\/p>\n He added: \u201cThis selection is also further evidence that the strategic choices we have made in the transformation of Rolls-Royce are delivering. We are unlocking significant future growth opportunities through our unique nuclear capabilities and are well positioned to benefit from the ongoing nuclear renaissance.\u201d<\/p>\n The Department for Business and Trade said the company\u2019s new tie-up with Videberg would boost jobs in the UK.<\/p>\n Rolls-Royce SMR landed UK taxpayer boost<\/p>\n Rolls-Royce SMR was selected by the UK government as its preferred technology partner with Great British Energy for its SMR programme last year. The UK\u2019s first SMR project is expected to be be built at Wylfa in North Wales and support as much as 3,000 jobs at peak construction, with thousands more across the supply chain.<\/p>\n Business Secretary Peter Kyle touted his trip to Stockholm earlier this year as \u201cpaying off\u201d with partnership.<\/p>\n \t\t\t\t\tRead more<\/p>\n \t\t\tX-energy Submits Xe-100 HTGR for UK Generic Design Assessment<\/a><\/p>\n Prime Minister Keir Starmer said:\u00a0\u201cThis deal is a major win for Britain\u2019s economy \u2014\u00a0showcasing\u00a0UK engineering on the world stage and securing high\u2011value jobs,\u00a0investment\u00a0and export growth for years to come.\u201d<\/p>\n Rachel Reeves\u2019 flagship wealth fund announced a fresh heap of financing<\/a> for Rolls-Royce SMR earlier this year following its agreement with Great British Energy.<\/p>\n The National Wealth Fund has revealed a \u00a3599m financing package for Rolls-Royce\u00a0Small Modular Reactors<\/a>\u00a0(SMR) in a bid to kick start the delivery on its project.<\/p>\n Small modular reactors are designed to produce up to about one-third the electricity of conventional reactors. Developers argue that small reactors can be constructed more quickly and cost-effectively than larger power reactors, with scalability to meet specific local demands.<\/p>\n Each Rolls-Royce SMR is expected to generate 470 megawatts of low-carbon electricity.<\/p>\n The capital injection from the taxpayer-backed wealth fund is designed to de-risk the project for private lenders, through effectively using public money to \u201ccrowd in\u201d billions in additional investment from the City and international markets.<\/p>\n \t\t\t\t\tRead more<\/p>\n