Studsvik lands a landmark SEK 4 billion contract to manage Norway's spent nuclear fuel through 2055, significantly bolstering its long-term revenue outlook in the nuclear waste sector.
Studsvik has secured a long-term framework agreement with the Norwegian state agency NND, valued at SEK 3-4 billion, to manage Norway's used nuclear fuel through 2055. This contract significantly bolsters the company's long-term revenue visibility within its 'Fuel, Materials and Waste Technology' business area. While the agreement is a major milestone, the company noted that it will not have a material impact on financial results for 2026 and 2027 as the project begins with a preliminary study phase.
The total value for Studsvik is estimated at SEK 3-4 billion, with a contractual minimum commitment from NND of approximately SEK 875 million.
The agreement runs until 2055, with the majority of the work expected to take place over the next two decades.
No, the agreement is not expected to have a material impact on Studsvik's results during 2026 and 2027.
Studsvik has signed a long-term framework agreement with the Norwegian Nuclear Decommissioning (NND) authority to manage Norway's spent nuclear fuel. The contract, running until 2055, is valued at SEK 3-4 billion and involves the transport, treatment, and storage of fuel from former research reactors in Halden and Kjeller.
The agreement aims to safely transport, treat, and store spent nuclear fuel from Norway's decommissioned research reactors in Halden and Kjeller at Studsvik's facilities in Sweden.