March 12, 2026
Energy

Steady Energy launches pilot for small nuclear heat reactor in Finland


HELSINKI, Feb 12 (Reuters) – Finnish nuclear development group Steady Energy has begun building a pilot plant in Helsinki that aims to pave the way for Europe’s first small nuclear heat reactor, the company said on Thursday.

Several countries, including China, the U.S. and Canada, opens new tab, are developing new types of small modular reactors (SMRs), which are smaller and quicker to build than traditional nuclear reactors for power generation. Steady Energy, however, aims to produce nuclear energy to warm homes through district heating systems.

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The company is building its shipping-container-sized 50-megawatt pilot plant to test the technology without loading nuclear fuel inside a decommissioned power and heat plant near the centre of Helsinki.

“We are first of a kind in Europe in small nuclear heat projects,” CEO Tommi Nyman told Reuters.

Nyman said the company was targeting low-heat generation, which is simpler to manage than nuclear power production, and plans to bury its final reactors underground for safety.

In 2023, Steady Energy partnered with Helsinki energy group Helen, which has decided to invest in a new small or medium-sized nuclear unit after shutting down Finland’s last coal-powered plant in active production last year.

“Our plant-supplier tender process currently includes about half a dozen Western plant suppliers, among them reactors that produce heat only as well as those that generate electricity and heat,” Helen Nuclear CEO Pekka Tolonen told Reuters.

Earlier this month, Steady Energy signed a cooperation agreement with Finnish utility Fortum (FORTUM.HE), opens new tab, which also became a strategic investor in the company alongside state-owned Finnish Industry Investment among others.

The pilot plant has a budget of 20 million euros ($24 million), while the final nuclear version would cost around 100 million euros per unit, Nyman said.

($1 = 0.8415 euros)

Reporting by Anne Kauranen in Helsinki. Editing by Mark Potter

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