Rolls-Royce will build small nuclear power plants for Sweden in a major boost for the British engineering group’s ambitions to lead the development of the nascent technology in Europe.
A group led by Rolls-Royce will build three mini reactors for the Scandinavian nation after beating competition from GE Vernova Hitachi. It is the third major contract for Rolls-Royce SMR unit, whose backers include CEZ, the Czech utility, and Qatar Investment Authority.
The latest win for Rolls-Royce SMR follows successful tenders in the UK and the Czech Republic as governments are backing small modular reactors to provide a reliable source of electricity to meet rising demand without carbon emissions.
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