Swedish State Acquires Majority Stake in Videberg Kraft to Enable New Nuclear Power

The Swedish state will acquire a 60% majority stake in Videberg Kraft AB to facilitate new nuclear power development, according to a June 25, 2026, announcement by Vattenfall. The state, Vattenfall, and Industrikraft have agreed on risk-sharing and financing terms, with the new ownership structure taking effect in 2027.

Why is the Swedish state taking ownership of Videberg Kraft?

The agreement establishes a stable, long-term ownership structure designed to enable new nuclear power in Sweden. Under the terms, the Swedish state will hold 60% of the shares, while Vattenfall and Industrikraft will each retain a 20% stake.

Anna Borg, President and CEO of Vattenfall, described the partnership between an energy company, industry, and the state as “completely unique.” Borg stated that the solution shares risks between commercial actors and the state based on the principle that the party best able to control a risk is responsible for it.

Desirée Comstedt, acting CEO of Videberg Kraft AB, said the government’s move to become the majority owner provides the conditions necessary to enable new nuclear power on the Värö Peninsula.

Did You Know? On June 15, it was announced that Rolls-Royce SMR will serve as the supplier for three modular reactors for Videberg Kraft.

What role will Rolls-Royce SMR play?

Videberg Kraft is working to enable new nuclear power in Sweden through the deployment of modular reactors. The company previously announced that Rolls-Royce SMR would supply three of these units.

The transition to state-led ownership aligns with global trends in the sector. According to the announcement, nuclear power is not being built anywhere in the world without state involvement.

Expert Insight: Samantha Carter notes that the “risk-sharing” framework mentioned by Anna Borg is the central mechanism here. By aligning financial responsibility with the ability to control specific risks, the parties are attempting to lower the commercial barriers that typically stall large-scale nuclear projects.

What happens next for the project?

The government is expected to notify the project to the European Commission for a state aid assessment. This regulatory step is a prerequisite before the new ownership structure can be finalized.

Vattenfall Nuclear Solutions

If the process proceeds as planned, the new ownership arrangement is likely to come into effect in 2027. Future progress may depend on the outcome of the European Commission’s review of the financing and risk-sharing terms.

Frequently Asked Questions

Who will own Videberg Kraft AB after the transition?
The Swedish state will own 60%, Vattenfall will hold 20%, and Industrikraft will hold 20%.

When will the new ownership structure begin?
The new structure is scheduled to come into effect in 2027.

What is the next immediate step for the Swedish government?
The government must notify the European Commission for a state aid assessment.

How might state-led ownership models influence the speed of nuclear energy deployment?