Vattenfall will proceed with US-based GE Vernova (GEV) and British company Rolls-Royce SMR as it looks to choose a potential supplier for new nuclear power plants next to an existing reactor site in southern Sweden.

The Swedish state-owned power company said the process of choosing the two companies had begun with 75 potential suppliers.

Vattenfall now intends to submit an application for state “risk-sharing” for the project will choose a final supplier. Final investment decisions will be made “later in the process”, the company said.