Rolls-Royce on Short List for Swedish Nuclear Deal, Studsvik Says
(Bloomberg) -- The chief executive of nuclear technology company Studsvik AB said Rolls-Royce Holdings Plc is on a shortlist of five to partner it on a new reactor project in Sweden.
The UK group has “the technology that fits our specifications” and “fits the high-level criteria,” Studsvik CEO Karl Thedeen said in an interview at the Swedish political week Almedalen. He also stressed that no decision has been made and that the process is ongoing.
Earlier this month, Sweden’s Videberg Kraft AB picked Rolls-Royce to supply it with several new small nuclear reactors to help meet surging power demand in the decades ahead.
Rolls-Royce is emerging as one of Europe’s leading contenders in the race to commercialize so-called small modular reactors. The company has signed contracts with Great British Energy–Nuclear to develop the UK’s first SMRs and is advancing plans with utility CEZ to deploy its technology in the Czech Republic. Another Swedish partnership would further strengthen its position as governments across the continent turn to nuclear power to bolster energy security and meet climate goals.
Studsvik’s project involves developing new nuclear generating capacity of as much as 1,400 megawatts. A special purpose vehicle, or SPV, will be established to develop it. Studsvik recently submitted an application to the government for state support.
“If you compare to Videberg Kraft that selected Rolls-Royce, they were a customer and they wanted a vendor. We are a partner looking for other partners,” Thedeen said.
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