Proactive Investors - Rolls-Royce Holdings PLC (LON:RR) is reportedly on the cusp of signing deals to build mini nuclear reactors in Sweden and The Netherlands.
Having been selected as the preferred supplier of such small modular reactors (SMRs) in the Czech Republic last week, Rolls-Royce is said to be nearing similar deals elsewhere.
According to The Mail on Sunday, Swiss energy firm Vattenfall has shortlisted Rolls-Royce in competition with another company to deploy SMRs in the country.
An exclusive agreement has also reportedly been signed with Dutch firm ULC-Energy, leaving FTSE 100-listed Rolls-Royce just awaiting government approval in both countries.
Rolls-Royce’s agreement with Czech state-owned group CEZ will see the firm develop and build SMRs in the country over the coming years, with the first expected by 2035.
This follows the Polish government’s approval earlier this year for power plants to be built using Rolls-Royce’s SMR technology.
SMRs themselves are set to be cheaper and quicker to build than conventional reactors, with Rolls-Royce leading the race for regulatory approval in the UK.
However, delays have seen Rolls-Royce previously threaten to focus on developing the technology overseas, with spokesperson Dan Gould urging more pace was needed over the weekend.
“We'd like to see the government make a decision by the end of the year,” he said, “there is a first-mover advantage to this technology and we shouldn't let others catch up”.