Concept image of a Rolls-Royce SMRRolls-Royce SMR has secured a multibillion-pound agreement to deliver small modular reactors (SMRs) in Sweden, marking a significant export win for the UK and a milestone for British nuclear engineering.
The company has been selected by Swedish developer
Videberg Kraft to partner on the country’s next phase of nuclear deployment, in a deal strongly supported by a UK Government export campaign.
The agreement follows ministerial engagement earlier this year, including a visit to Stockholm by Business Secretary Peter Kyle, and is being presented as a clear endorsement of UK nuclear capability and the government’s Modern Industrial Strategy. It is expected to support thousands of skilled jobs and create long-term opportunities across UK and European supply chains.
Prime Minister Sir Keir Starmer said: “This deal is a major win for Britain’s economy — showcasing UK engineering on the world stage and securing high‑value jobs, investment and export growth for years to come. It proves that British technology and innovation is helping to drive Europe’s clean‑energy transition, strengthen energy security and open new markets for our world‑class nuclear sector.”
The export success builds on the decision in June 2025 by Great British Energy – Nuclear to select Rolls-Royce SMR as its preferred technology partner for the UK’s domestic SMR programme. The first project is planned for Wylfa in North Wales, where construction is expected to support around 3,000 jobs at peak, alongside thousands more in the wider supply chain.
Energy Secretary Ed Miliband said the agreement demonstrated how clean energy investment is translating into industrial growth. “This is further proof that clean energy is the industrial opportunity of this century for Britain — and that this Government’s commitment to this agenda is winning jobs and investment for Britain,” he said.
The Swedish deal is also seen as a step forward for European energy security, providing reliable low-carbon power while reducing reliance on fossil fuels. It reflects growing international momentum behind SMR technology, with the global market projected to reach nearly £500 billion by 2050.
Rolls-Royce plc chief executive Tufan Erginbilgic said: “Rolls-Royce SMR has now been successful in every competitively tendered SMR selection process in Europe and it is now very well placed to become a market leader globally. Selection by Videberg Kraft reinforces the status of Rolls-Royce SMR as the only company with multiple contractual commitments to deliver SMR units in Europe.”
He added: “The decision is an endorsement of our technology and technical capability to deliver a scalable, repeatable nuclear solution.”