Fortum Signs Framework Agreement with Steady Energy for SMR Development in Finland
Fortum has signed a framework agreement with Steady Energy to provide nuclear expertise for the development of the LDR-50 small modular reactor, aimed at enhancing low-emission district heating in Finland. The company will invest EUR 2.1 million and may offer operational services in Finland and Sweden, with construction of the reactor expected to begin in 2029, pending regulatory approval. This partnership builds on previous collaborations and highlights the role of small nuclear technology in the energy transition.
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Fortum has signed a framework agreement with Steady Energy to provide nuclear expert services for the development of the LDR-50 small modular reactor for district heating. Fortum will invest EUR 2.1 million to support the reactor's development and may offer operation and maintenance services in Finland and Sweden.
The partnership aims to advance low-emission district heating and leverage Finland's nuclear expertise. Steady Energy's LDR-50 reactor, designed for heat production, is set to begin construction in 2029, pending regulatory approval. The agreement builds on previous collaborations and emphasizes the potential of small nuclear technology in energy transition.
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