Studsvik, GE Vernova Hitachi and Samsung C&T commit to advancing 1.2 GW nuclear power project in Sweden

Today, Studsvik announced a major milestone in its ambitions to enable new nuclear power generation in Sweden.

Following a competitive evaluation process, Studsvik has selected GE Vernova Hitachi Nuclear Energy and Samsung C&T as strategic partners for the ReFirm programme, with the aim of advancing an initial four-unit BWRX-300 project in Sweden.

Together with GE Vernova Financial Services and DS Investment Partners, the project partners will work to develop up to 1.2 GW of new nuclear generating capacity, with the first unit expected to enter operation in the mid-2030s.

The collaboration brings together decades of nuclear expertise, proven technology, engineering and construction capabilities, and financial strength to support the next phase of Sweden’s energy future.

As Karl Thedéen, President and CEO of Studsvik, stated:

”One reactor is a project. Four is the start of an industry.”

Read the full press release here.

We look forward to sharing more details during today’s media briefing in Stockholm at 10:00 CET and investor briefing at 13:00 CET. For registration and further information, please visit our press room here.