UKEnergy Transition & Power Demand▲
Studsvik, GE Vernova Hitachi, Samsung C&T to build 1.2 GW nuclear project in Sweden
Studsvik has selected GE Vernova Hitachi Nuclear Energy and Samsung C&T as strategic partners to advance a four-unit BWRX-300 small modular reactor project in Sweden, totaling 1.2 GW of new nuclear capacity, with the first unit expected in operation by the mid-2030s. The agreement, announced on September 3, 2026, is exclusive for a fixed period and covers sites at Nyköping and Valdemarsvik, with the initial project to be built at one of them. The ReFirm programme, which became part of Studsvik through its acquisition of Kärnfull Next earlier this year, aims to standardize deployment across multiple units and maximize Swedish industrial participation. GE Vernova Hitachi will lead reactor design and licensing, while Samsung C&T will serve as part of the execution team, with DS Investment Partners leading investment and GE Vernova Financial Services providing advisory support. The announcement does not constitute a final investment decision, and no material financial impact on Studsvik's 2026 earnings is expected.