Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
03.10.25
Pillsbury advised 92 Ventures, a Copenhagen-based nuclear-focused investment firm, in leading a €22 million funding round for Steady Energy, a Finnish innovator in small modular reactor (SMR) solutions.
92 Ventures forms strategic partnerships with companies leading advancements in reactor designs, next-gen nuclear fuels, fuel cycle breakthroughs, digitalization, supply chain optimization, and advanced manufacturing through investment, research, consulting and advocacy.
The investment in Steady Energy highlights strong private-sector confidence in the company and its SMR design, which aims to deliver affordable, zero-emission heat to Europe and beyond. This funding is also expected to kickstart the construction of a full-scale pilot plant in the second half of this year, according to a press release.
Additionally, the investment demonstrates the transformative potential of nuclear energy to expand beyond the electricity sector and into areas like district and industrial heating to enable deep decarbonization.
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The Pillsbury deal team included Global Energy Industry Leader Elina Teplinsky, Energy partner Anne Leidich, Intellectual Property special counsel Benjamin Kiersz and Energy associate Elorm Sallah.