Industrikraft i Sverige AB is a Swedish company founded in June 2024 by a consortium of leading industrial firms. Its purpose is to explore investment opportunities and promote the expansion of fossil-free electricity generation capacity to support Swedish industry.
Owned by companies including ABB, Alfa Laval, Boliden, Hitachi Energy, Höganäs AB, Saab, Stora Enso, SSAB and the Volvo Group, Industrikraft collaborates with Vattenfall. It holds a 20% stake in the project company Videberg Kraft AB, which is advancing plans for three Rolls-Royce small modular reactors on the Värö Peninsula adjacent to Ringhals.
Also known as Industrikraft in Sweden AB.
Risk‑sharing and financing terms agreed to enable new nuclear on the Värö Peninsula; ownership structure effective 2027; Rolls‑Royce SMR selected to supply three small modular reactors.
Detailed planning starts for three modular PWR reactors (470 MW each) expected to produce ~12 TWh/year; supplier choice follows a four-year evaluation of more than 70 options.
