Steady Energy’s strengths

The LDR-50 is based on proven light water reactor technology with decades of global operating experience. Consequently, the technology benefits from established engineering solutions, mature supply chains and well-understood safety principles, reducing development and manufacturing risks compared to novel reactor concepts. Low operating pressure enables smaller equipment, lower manufacturing costs and reduced operational risks while maintaining high safety standards. The underground plant configuration further strengthens safety and allows installation close to existing district heating infrastructure and demand centres. Steady Energy’s proprietary reactor and plant design is partly protected by intellectual property rights while remaining compatible with existing district heating systems and industrial heat networks.

Steady Energy’s serviceable addressable market (SAM) in its priority markets of Finland, Sweden, Poland and Czech Republic is estimated to be more than 15 GW by 2050, equivalent to some 230–300 LDR-50 reactors across approximately 150–200 suitable networks. EU ETS costs and local climate targets are driving structural demand for non-combustion solutions in district heating. Steady Energy has identified district cooling, steam production for industrial processes and desalination as additional target applications for the LDR-50 technology beyond district heating.

Steady Energy believes to occupy a differentiated competitive position within the emerging market for nuclear-produced heat. Several design features contribute to a favourable cost of heat on levelised cost of heat (LCOH) basis. The relatively small reactor size, low operating pressure and simplified equipment reduce capital costs, while underground siting enables efficient integration with existing district heating systems. The technology is planned to provide continuous, weather-independent baseload heat with virtually no operational greenhouse gas emissions, offering an attractive alternative to fossil fuels, biomass and other low-carbon heating technologies.

Steady Energy’s main product is heat generating plants and related services offered through two principal commercial models:

• Engineering, Procurement and Construction (EPC) model under which turnkey nuclear plants containing one or more (typically up to four) reactors are delivered directly to clients who own and operate the nuclear plant and hold the nuclear licence, and

• Heat-as-a-Service (HaaS) model, under which customers purchase heat rather than owning and operating nuclear assets. The modular plant concept also enables scalable deployment across multiple sites using standardised technology and delivery processes.

The combination of a large market, scalable modular technology and recurring service revenues provides significant long-term growth potential. Standardised reactor units, conventional technology base and largely established supply chains are expected to support efficient manufacturing scale-up and limit technology rollout risk. The partly service-based operating model with Heat-as-a-Service further supports recurring revenues throughout the plant lifecycle.

Steady Energy’s team combines expertise in nuclear technology development, licensing, district heating, commercialisation and project execution. By building on proven light water reactor technology rather than pursuing fundamental reactor innovation, Steady Energy can leverage existing engineering knowledge, regulatory practices and industrial capabilities. This enables management to focus on commercial deployment, licensing and scalable project delivery while reducing execution risks typically associated with first-of-a-kind nuclear technologies.