Ventureburn
Summary
Steady Energy, a spin-out company from VTT Technical Research Centre of Finland, has secured nearly $2.2 million in seed funding to pursue its mission of decarbonising the energy-intensive heating industry. Led by VTT, Yes VC, and Lifeline Ventures, the funding will be used for research and development as Steady Energy aims to build the world’s first LDR-50 reactor-based heating plant by 2030.
Steady Energy’s revolutionary approach aims to transform residential and district heating by harnessing the power of small modular nuclear reactors. The LDR-50 district heating reactor, designed by VTT, is set to produce heat efficiently, safely, and carbon-neutrally, operating at considerably lower temperature and pressure compared to traditional nuclear reactors.
“The pressure required by the LDR-50 reactor is comparable to the pressure of a household espresso machine. It operates at a lower pressure than a district heating network. This ensures that in case of a malfunction which leads to a leak, the leak is contained within the heating plant, without endangering people or the environment,” explains Tommi Nyman, CEO of Steady Energy.
#MemberNewsIDEA
#News#Nuclear#DistrictHeating#Decarbonization