Yahoo! Finance
Summary
The VTT spin-out will build a heating plant powered by a small nuclear reactor, designed to produce heat efficiently, safely and carbon-neutrally, at considerably lower temperature and pressure than traditional nuclear reactors.
Steady Energy, a spin-out company from VTT Technical Research Centre of Finland, that aims to decarbonise the energy-intensive heating industry starting with residential and district heating, has raised EUR 2 million in seed funding led by VTT, Yes VC and Lifeline Ventures. Steady Energy aims to build the world's first LDR-50 reactor-based heating plant by 2030. The company will use the raised funding for research and development work to demonstrate the functionality of the plant by building a 1:1 scale mockup powered by electric heat.
The LDR-50 district heating reactor is a small modular nuclear reactor which has been in development at VTT since 2020. LDR-50 is a type name for a reactor with a heat output of 50MW. Designed to operate at around 150 degrees Celsius and below 10 bar (145 psi), its operating conditions are less demanding compared to those of traditional reactors, simplifying the technical solutions needed to meet the high safety standards of the nuclear industry.
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