Studsvik to Manage Norway’s Nuclear Legacy in Multi-Billion Crown Deal

The deal, signed in Halden on October 16, 2026, by Studsvik CEO Karl Thedéen and NND Director General Pål Mikkelsen, marks a significant shift in Norway's waste strategy. Studsvik will transport the inventory—which includes metallic uranium and aluminium-clad fuel—to its specialized facilities in Nyköping for inspection, treatment, and interim storage. The project begins immediately with a pre-study to establish a definitive budget and operational plan.

Financial projections estimate the total value of the work at SEK 3–4 billion, with a minimum contractual commitment of SEK 875 million. The arrangement provides for a fixed annual fee covering security, regulatory compliance, and storage reservation. While the agreement runs for nearly three decades, NND maintains termination rights following the initial study phase or after a five-year period. Both parties view the arrangement as the most viable path to ensure environmental and economic safety for materials that cannot currently be stored long-term in their existing state.