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Tag: steady energy

Finnish study: Nuclear district heating is environmentally good

July 10, 2024, 9:30AMANS News

An analysis of the LDR-50 low-temperature nuclear district heating reactor, developed by Steady Energy, indicates that “significant reductions in CO2 emissions can be achieved by replacing fossil heating fuels with nuclear energy [district heating].” The study, conducted by researchers from the VTT Technical Research Centre of Finland and published in the journal Energies, describes carbon footprint reductions and other environmental benefits derived from the LDR-50, which Steady Energy hopes to introduce in Finnish and other European district heating markets by the 2030s.

Steady Energy raises €2 million for district-heating SMR

June 28, 2023, 9:30AMANS Nuclear Cafe

The Finnish company Steady Energy, a spinout entity from VTT Technical Research Centre of Finland, announced on June 27 that it has raised €2 million in seed funding led by VTT, Yes VC, and Lifeline Ventures. Steady Energy aims to build what it said would be the world’s first reactor-based heating plant by 2030. The company will use the funding to work on research and development to demonstrate the functionality of its LDR-50 plant by building a 1:1 scale mock-up powered by electric heat.