Vattenfall has signed an agreement with the Estonian nuclear energy startup Fermi Energia to become a minority shareholder in the company with a seed investment of €1m.
The investment follows a November 2020 announcement that Vattenfall had extended its cooperation with Fermi Energia by signing a letter of intent to explore the possibilities for small modular reactor deployment in Estonia.
The Swedish utility, which owns 10 nuclear reactors in Sweden and Germany, said it has now accepted the opportunity to become a minority shareholder of approximately 6% ownership.
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