Vattenfall Partners with GE Vernova and Rolls-Royce for Nuclear Power Expansion

Vattenfall has moved forward with plans to partner with GE Vernova and Rolls-Royce SMR to develop nuclear power. GE Vernova is an industrial group focused on gas, nuclear, hydroelectric, and steam technologies, wind power generation, and electrification systems development. The partnership aims to advance the development of nuclear power as a clean energy source.

Vattenfall has taken a significant step forward in its nuclear power development plans by partnering with GE Vernova and Rolls-Royce SMR. The Swedish energy company has narrowed down its potential suppliers to these two companies, which specialize in modular reactors, or Small Modular Reactors (SMRs). This move comes after a thorough evaluation process that began with 75 potential suppliers [1].

The decision to proceed with GE Vernova and Rolls-Royce SMR is driven by their proven technology and simplified designs, which have integrated learnings from previous nuclear projects worldwide. Both companies offer SMRs that use fuel for which Vattenfall has established supply chains, ensuring a smooth integration process [1].

The Värö Peninsula, where the Ringhals nuclear power plant is located, is considered the optimal site for bringing new nuclear power into operation in Sweden quickly. The site offers capacity in the electricity grid, nuclear competence, and high demand for electricity in the region, despite its limitations in terms of space and infrastructure [1].

Vattenfall plans to build either five BWRX-300 reactors from GE Vernova or three Rolls-Royce SMR reactors, providing a total output of around 1,500 MW. By comparison, a 500 MW SMR has the same capacity as the first large-scale reactor in Oskarshamn [1].

The development of new Swedish nuclear power will require collaboration among various stakeholders. The industry consortium Industrikraft, involving 17 leading Swedish industrial companies, has been closely involved with Vattenfall from the outset. The consortium welcomes this development and will work together with Vattenfall to create the conditions for the planned joint investment in the project company [1].

The process to enable new nuclear power continues, with Vattenfall planning to submit an application for state risk-sharing and select a final supplier. The company is also looking at the next step to build additional reactors where Ringhals 1 and 2 are currently located. Final investment decisions will be made later in the process [1].

Vattenfall will present more information about the background to the decision at a press seminar in Swedish at the press centre at Ringhals nuclear power plant on Thursday, 21 August at 15:30 CEST with Anna Borg, CEO and President, and Desirée Comstedt, Vice President and Head of New Nuclear. An English-language audiocast will also be held at 17:00 CEST the same day, where journalists and analysts can ask questions to Anna Borg and Desirée Comstedt [1].

References:
[1] Reuters. (2025, August 21). Vattenfall moves forward with nuclear power suppliers GE Vernova and Rolls-Royce SMR and invites to a Q&A session. Retrieved from https://www.tradingview.com/news/reuters.com,2025-08-21:newsml_Wkr6tSRR8:0-vattenfall-moves-forward-with-nuclear-power-suppliers-ge-vernova-and-rolls-royce-smr-and-invites-to-a-q-a-session/