EIB Lends Steady Energy Up to €40 Million in Its First SMR Investment
The European Investment Bank has issued a zero-interest, 20-year convertible loan of up to €40 million to Finnish startup Steady Energy, marking the EIB's first investment in small modular reactor technology. The funds will support R&D, testing, and licensing of the LDR-50, a heat-only reactor designed to supply district heating grids, through 2028. No commercial deployment date or Finnish operating license exists yet, and regulators have confirmed the design remains in the early planning phase.