Finnish small modular reactor startup Steady Energy has signed a letter of intent with municipal energy company Kuopion Energia that includes an option for the construction of up to five district heating reactors starting in 2030.
The agreement is a continuation of a letter of intent regarding small modular reactors signed by Steady Energy and Helsinki-based energy company Helen Energy in October. That agreement included the construction of up to 10 SMRs for district heating.
“We now have an option to build a total of 15 reactors, which would correspond to approximately 1 billion euro [$1.1bn] in turnover,” said Steady Energy chief executive officer Tommi Nyman.