What does Steady Energy do?
Steady Energy is a nuclear energy company based in Espoo, Finland, that develops small modular reactors, including its flagship LDR-50 Reactor designed for safe, carbon-free power generation.
How much did they raise?
The company raised €32M in a series unknown round with LocalTapiola as the lead investor and Tesi participating.
What are their plans for the money?
The funds will be used to expand the team, accelerate design and commercialization efforts, boost sales activities in Sweden and Poland, and build a pilot plant in central Helsinki, potentially setting a new benchmark for small reactor deployment.
What have they achieved so far?
Steady Energy has already secured preliminary agreements for up to 15 reactors in Finland, highlighting strong market validation and early progress towards widespread adoption.