Rolls-Royce has been selected by Videberg Kraft as its partner to deliver three 470 MW PWR type reactors to a location on Sweden's west coast on the Varo Peninsula, next to existing Ringhals nuclear plant. The project backed by Vattenfall will build the country's first nuclear plant in more than 40 years. The project will deploy Rolls-Royce SMR nuclear plants to add about 1,500 MW of baseload capacity - around 6% of Sweden's annual power consumption - for more than 60 years. Videberg Kraft is a company set up by Swedish state power company Vattenfall and industrial consortium Industrikraft. Videberg Kraft's selection process ran for four years and evaluated more than 70 reactor options from eight vendors, with GE Vernova Hitachi's BWRX-300 as the final competing design before Rolls-Royce SMR was chosen.