European Investment Bank Supports Small Modular Reactors with €40M Loan to Steady Energy
The European Investment Bank (EIB) has announced a €40 million loan to Finnish SMR developer Steady Energy, marking the first in a planned series of investments into small modular reactors. This move reflects growing interest from governments and institutions in supporting next-generation nuclear technology as demand for reliable energy surges due to AI infrastructure expansion. While companies like NuScale Power (NYSE:SMR) and Oklo Inc. (NYSE:OKLO) are not directly involved, the EIB's backing is seen as a positive signal for the broader SMR sector. The loan aims to accelerate commercialization of these reactors by providing real-world proof points that could help developers secure more private funding. Despite over 80 global projects in development, many remain at early stages due to high costs and limited financing. Government support is critical to overcoming these challenges and improving the feasibility of SMRs as a viable energy solution.
Topics: European Investment Bank Government Support NuScale Power Oklo Inc. Small Modular Reactors