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Vattenfall and Industrikraft i Sverige AB have signed an agreement to co-invest in small modular reactors at Sweden's Ringhals site, with Industrikraft acquiring a 20% stake and committing SEK 400 million for early development. Vattenfall is evaluating designs from GE Vernova-Hitachi and Rolls-Royce for a potential 1,500 MW project, while a state risk-sharing application will be submitted before selecting a final supplier.