Power
Summary
A Finnish group announced construction of a reactor-based heating plant that would provide residential and district heating, saying the project would advance the district energy model and support decarbonization and electrification in Europe as more countries move away from the use of fossil fuels for energy.
Steady Energy, a company spun out of the VTT Technical Research Centre of Finland, on June 27 said its heating plant would be powered by a small nuclear reactor and produce heat at a much lower temperature and pressure than traditional reactors. The company, which announced funding from groups including VTT, Yes VC —a Silicon Valley investor in companies such as Google and Uber—and Finland’s Lifeline Ventures, said the facility would be the world’s first nuclear-powered district heating plant and would utilize VTT’s LDR-50 small modular reactor (SMR).
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