EIB backs Steady Energy's heat-only SMR with up to €40M convertible loan
The European Investment Bank said on September 15, 2026 it is investing up to €40 million in Steady Energy, the Finnish developer of the 50 MW (thermal) heat-only LDR-50 reactor for district heating, as a senior unsecured convertible loan it calls its first investment in SMR technology. A 3North Partners release that day says the loan carries zero percent interest and a 20-year maturity and joins about €69.8 million in irrevocable but conditional investor commitments, an IPO of up to €5 million, and a planned Nasdaq First North listing under a September 11, 2026 share exchange agreement.
The Duck Curve