Blykalla and Norsk Kjernekraft sign MoU to advance nuclear power in Scandinavia

Press ReleaseFebruary 26, 2025

Blykalla and Norsk Kjernekraft have signed a Memorandum of Understanding (MoU) to collaborate on the deployment of Blykalla’s SEALER in Scandinavia. The agreement is an important step toward strengthening nuclear energy development and exploring opportunities for cooperation in supply chains, licensing, financing, and research between the two nations.

Under the MoU, Blykalla and Norsk Kjernekraft will assess the business case for integrating the SEALER into power plant projects currently under development by Norsk Kjernekraft, evaluating site suitability, regulatory pathways, and economic feasibility for deployment in Norway.

Additionally, the agreement outlines collaboration on licensing, financing, construction, and operational aspects of Blykalla’s first reactor, SEALER-One, in Sweden. As part of this, Norsk Kjernekraft will explore various roles in the Swedish market, including potential participation in the SEALER-One project company and investment opportunities in Blykalla.

Beyond technology deployment, the MoU also includes a commitment to explore the possibility of providing electricity to remote locations. This initiative could contribute to long-term advancements in energy security, sovereignty, and sustainability in locations such as Svalbard and northern Scandinavia.

"Collaborating with Norsk Kjernekraft is a natural step forward as we bring lead-cooled SMRs to Scandinavia. By joining forces, we can accelerate the path to deployment in both Sweden and Norway while contributing to stable and clean energy for the region."

— Jacob Stedman, CEO of Blykalla

"This partnership aligns with Norsk Kjernekraft’s mission to develop and implement next-generation nuclear power solutions. By assessing the feasibility of SEALER reactors in our projects, we aim to bring innovative and reliable nuclear power to the Scandinavian energy landscape."

— Jonny Hesthammer, CEO of Norsk Kjernekraft

The MoU reflects both companies’ commitment to advancing nuclear technology as a key component of sustainable energy production in Scandinavia. As discussions progress, the parties will continue to evaluate opportunities for deeper collaboration to support their shared objectives.

About Blykalla

Blykalla is Sweden's only developer of advanced SMRs, commercializing lead-cooled fast reactors for industrial use. Based on 20+ years of research, their SEALER technology is a compact 55 MWe unit designed to offer a safe, efficient, and scalable power solution. With a strong foundation within Sweden, Blykalla is well positioned to deliver Europe's first advanced SMR, providing reliable and sustainable baseload energy to power AI and clean industries.

Backed by partners including Uniper, ABB, OKG, and the Royal Institute of Technology, Blykalla has secured approximately 50 mEUR including from the Swedish Energy Agency and the EU. The company plans to achieve criticality for its first SEALER reactor by 2030 and begin serial production in the 2030s. Once deployed, Blykalla aims to generate up to 500 TWh of clean electricity annually, cutting global CO₂ emissions by 0.5 gigatons each year.

For further information, please contact:

Alexandra Teorell, Head of Marketing
press@blykalla.com

About Norsk Kjernekraft

Norsk Kjernekraft is dedicated to developing nuclear power projects in Norway, focusing on commercial and sustainable SMR deployment to meet the country’s future energy needs. The company was established in 2022. More information about the company can be found on www.norskkjernekraft.com.

For further information, please contact:

Håvard Kristiansen, Chief Operation Officer

Phone: +47 959 05 884

Email: havard.kristiansen@norskkjernekraft.com