Videberg Kraft AB is Vattenfall's project company established to develop, build, and operate SMRs at the Ringhals site on the Värö Peninsula in southwest Sweden. The company applied for state aid on December 23, 2025 — the first application under Sweden's nuclear investment support act — to fund either five BWRX-300 or three Rolls-Royce SMR units delivering approximately 1,500 MWe. The Swedish government proposed acquiring a 60% stake with up to SEK 34.3 billion in construction financing in its April 2026 spring budget amendment. Technology selection between BWRX-300 and Rolls-Royce SMR is planned for 2026. Videberg Kraft is developing new nuclear generation on the Värö Peninsula near Ringhals with a stated target of approximately 1,500 MW of fossil-free capacity; it selected three Rolls-Royce SMR modular pressurized-water reactors rated at 470 MW each and started detailed project planning, with first operation targeted no earlier than the mid-2030s. On June 25, 2026 an agreement was reached for the Swedish state to acquire 60% of the company from Vattenfall, with Vattenfall and Industrikraft each retaining or holding 20% and the ownership structure planned to take effect in 2027.
Vattenfall AB (majority), Industrikraft i Sverige AB (20% stake), Swedish Government (proposed 60% stake April 2026)