GE Vernova Working With Studsvik, Samsung C&T on 1,200 MW Swedish Nuclear Project

03:38 AM EDT, 09/03/2026 (MT Newswires) -- GE Vernova (GEV), Studsvik and Samsung C&T said Thursday that they have agreed to advance the ReFirm nuclear program in Sweden, starting with the development of a four-unit BWRX-300 small modular reactor project with total capacity of about 1,200 megawatts. The companies said the project will be developed at either Studsvik's site in Nykoping or Valdemarsvik, with the final site to be selected during the development phase. Studsvik will lead permitting and environmental work, while GE Vernova Hitachi will oversee reactor design and licensing support, the companies said. The partners will begin commercial, technical, regulatory and financing work immediately, the companies said, adding that a joint project company will be formed to support development, financing, construction, ownership and operation. The agreement does not represent a final investment decision or authorization to build the reactors, they added.