en.Wedoany.com Reported - Swedish nuclear technology services company Studsvik has formally submitted an application to the country's Minister for Financial Markets, Niklas Wykman, seeking state support to advance small modular reactor (SMR) projects in the southern region. The application is based on two potential sites in Valdemarsvik and Nyköping, marking a key step for the company, which earlier this year acquired Kärnfull Next and its ReFirm program, in the nuclear power sector.
The ReFirm program focuses on light-water SMR technology, planning to build multiple units within an "SMR park," with the first unit expected to begin operation in the latter half of the 2030s. Studsvik stated that its development and licensing processes are progressing, and it retains flexibility to adjust based on the maturity of local, technical, regulatory, and commercial conditions before the final project selection. The company aims to achieve up to approximately 1,400 MWe of fossil-free baseload capacity through multiple light-water small modular reactor units.
According to the Ministry of Finance, the Nyköping project application is for the construction of two to four modular light-water reactors with a total output capacity of approximately 600 to 1,400 MW. The Valdemarsvik project application is for four to six SMRs with a total output capacity of 1,200 to 1,600 MW. Studsvik expects to decide at a later stage which of these two projects to advance.
This is the third application for state aid for new nuclear capacity received by the Swedish government. Previously, Videberg Kraft AB applied in December 2025 to build reactors on the Värö Peninsula outside Varberg. Earlier in June 2026, the company Blykalla also applied for a project in Norrsundet outside Gävle.
Karl Thedéen, President and CEO of Studsvik AB, stated that this application is a significant step for Studsvik towards large-scale, privately-led new nuclear construction based on mature reactor technology and rooted in Swedish nuclear capabilities. Minister Wykman noted that Swedish industrial companies clearly want to participate in building the fossil-free baseload electricity the country needs.
The Ministry of Finance stated that receiving the application means work can begin on decisions regarding the provision of state support, including negotiations between the government and the company on the terms and scope of support, as well as ongoing dialogue with the European Commission to ensure any support complies with EU state aid rules.
In terms of background, in October 2022, Sweden's newly appointed center-right coalition government adopted a positive stance on nuclear energy. In November 2023, the government unveiled a roadmap aiming to build new nuclear capacity equivalent to at least two large reactors by 2035, and capacity equivalent to up to ten new large reactors by 2045, which may include small modular reactors. A new state aid law came into effect on August 1, 2025, allowing interested companies to apply for support.
The Swedish government received the first such application in December 2025 to support the construction of five GE Vernova Hitachi BWRX-300 reactors or three Rolls-Royce SMRs at Ringhals on the Värö Peninsula, with a total capacity of approximately 1,500 MW. That application came from Videberg Kraft AB, a project company under Vattenfall AB, and was supported by a consortium of industrial companies through the Industrikraft i Sverige AB alliance. Last week, Blykalla also submitted an application requesting government funding for its planned power plant in Norrsundet, Gävle, in east-central Sweden, consisting of six SEALER reactors with a total generation capacity of up to 330 MWe.
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