For a Finnish nuclear power company, Million Pot Shop

Developer of small core power Steady Energy Oy has raised EUR 22 million in new funding. The largest new donor is the Danish venture capitalist 92 Ventures. With funding, Steady Energy will build a full -size pilot plant in the second half of 2025 while continuing to design and sell the plant at full speed.

“It is built in Finland. We will announce the place in the next few weeks, ”the leader of Steady Energy Lauri Muranen tells you.

The company has now assembled most of the target of its B-funding round.

The company estimates that it will lead to a competition for who will be the first in the world to start a private commercial small core power plant.

“Funding is a strong and concrete confidence for our team and technology. Soon we will be able to transfer years of engineering to the shape of domestic steel and show how low -core power produces clean heat and freely, ”says Steady Energy CEO Tommi Nyman.

“With our help, energy companies can profitably reset their emissions and reduce incineration -based energy production,” Nyman continues.

92 Ventures specializes in nuclear technology companies.

“In our view, fossil fuels are only eliminated when nuclear power expands beyond power generation. Steady Energy’s reactor can revolutionize district heating and will also be needed in industry, ”says 92 CEO and founding shareholder of Ventures Anatol Kjær Knudsen in the bulletin.

92 Ventures Technology Director and Founding Osuuskas will start on Steady Energy’s Board of Directors Chirayu batra. According to Steady Energy, Batra, a nuclear physicist and engineer, is an internationally recognized professional in small core power and its commercialization.

Finnish Lifeline Ventures Increases its ownership in Steady Energia. Lifeline has been a company financier since its inception.

“Steady Energy’s technology is based on world -class research and knowledge. It is an attractive option for energy companies and even quickly available, which is important for reducing carbon dioxide emissions, ”says Lifeline Ventures, a founding shareholder Timo Ahopelto.

Over 40 % of the energy used globally is heat and the vast majority is still produced by fossil fuels. In 2024, district heating in Europe was mainly produced by burning carbon, gas, wood and oil. Emission -free heat produced by Steady Energy’s technology is competitive and small -core heat does not need public support.