Studsvik Wins Framework Deal With Norway's NND to Manage Legacy Spent Fuel
Studsvik has signed a frame agreement with Norway's NND worth an estimated SEK 3–4 billion through 2055, with a minimum of about SEK 875 million.
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what happened
Studsvik AB has entered into a framework agreement with Norway's NND to handle legacy spent nuclear fuel. The value of the contract is estimated at SEK 3–4 billion through 2055. The contractual minimum amounts to roughly SEK 875 million.
The work depends on a pre-study and the necessary permits. NND can terminate the agreement, so the revenue is not fully secured. The company does not expect the deal to affect its 2026 and 2027 results.
why it matters
The long-dated contract adds to Studsvik's backlog in decommissioning and fuel services and strengthens its cooperation with Norway. Investors will watch for completion of the pre-study, permit approvals and NND work orders that would turn the framework into booked backlog and revenue.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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