Steady Energy Raises €32M in Funding

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Here’s a summarized list of the relevant details from the provided information about Steady Energy:

Company Information

  • Startup: Steady Energy
  • Founders: Tommi Nyman, Hannes Haapalahti, Petteri Tenhunen
  • Location: Espoo, Finland
  • Product: Small modular reactors (LDR-50 Reactor)

Fundraising Details

  • Funding Amount: €32M
  • Funding Date: July 1, 2025
  • Funding Series: Not specified

Investors

  • Backers:
    • LocalTapiola (Mutual insurance company)
    • Tesi (Finnish industry investment company)

Intent with Funds

The company intends to use the funds to:

  • Expand its team
  • Accelerate design efforts
  • Expand sales activities in Sweden and Poland
  • Build a pilot plant in the center of Helsinki

Reactor Details

  • Reactor Characteristics:
    • 50 megawatts thermal power
    • For district heating and industrial applications
    • Size similar to a shipping container
    • Built underground
    • Energy cost (LCOH) under €40/MWh
    • Near-100% efficiency, emission-free
    • Light water technology with refueling every 2–3 years

Preliminary Agreements

  • Secured agreements for up to 15 reactors in Finland.

Feel free to ask if you need more details or any further information!

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2025-07-01 08:25:39