Sweden is set to build its first new nuclear power plants in over four decades, reversing a long-standing phaseout policy. State-owned utility Vattenfall announced it will choose between US firm GE Vernova and UK’s Rolls-Royce to install small modular reactors (SMRs) at the Ringhals site in southern Sweden. Prime Minister Ulf Kristersson said the move will deliver “stable, competitive and climate-friendly” energy. The planned reactors, due by the mid-2030s, would add 1,500 megawatts of capacity, with further expansion under consideration. Sweden joins a growing European nuclear revival, with France, Denmark and Germany all shifting stance on the technology as the EU seeks to secure reliable, low-carbon power.
