Fortum Partners with Steady Energy to Develop Small Modular Reactor for District Heating
Fortum has partnered with Steady Energy to advance the development of the LDR-50 small modular reactor (SMR) for district heating, signing a framework agreement that includes a €2.1 million investment. The reactor, which has been in development since 2020, aims to begin construction in 2029, following a safety assessment by the Finnish Radiation & Nuclear Safety Authority scheduled for June 2025. Steady Energy currently has agreements for 15 reactors and is pursuing projects in Helsinki, Kuopio, and Kerava.
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Fortum signed a framework agreement to support Steady Energy's development of the LDR-50 small modular reactor (SMR) for district heating. Fortum will provide nuclear expert services and invest €2.1m in the project.
The LDR-50 reactor, under development since 2020, aims for a 2029 construction start for its first plant. The Finnish Radiation & Nuclear Safety Authority assessed the reactor's safety in June 2025. Steady Energy has agreements for 15 reactors and is working on projects in Helsinki, Kuopio, and Kerava.
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