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Rolls-Royce Holdings PLC has been selected by the Swedish development company Videberg Kraft to build small modular reactors in Sweden, the UK government on Monday said. The multibillion-pound deal was supported by a UK Government export campaign, including a visit by Business Secretary Peter Kyle to Sweden earlier this year, the Department of Business & Trade said in a statement. Business Secretary Peter Kyle said: ‘This is a major vote of confidence in Rolls-Royce SMR and the UK’s worldleading civil nuclear sector.’ Tufan Erginbilgic, Rolls-Royce chief executive 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. Success 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.’ On Sunday, it was announced that the London-based aerospace and defence company would work with Japan’s Atomic Energy Agency to develop next generation nuclear technologies and a technology agreement would link up UK research and development and software expertise with Japanese manufacturing. Shares in Rolls-Royce closed up 3.8% to 1,357.40 pence each in London on Monday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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