Emerald Horizon backs EIB's first SMR financing

Emerald Horizon has issued a press release responding to the European Investment Bank’s first-ever financing of an SMR developer, describing the move as confirmation of its strategy.

• The EIB will provide up to EUR 40 million to Finnish SMR developer Steady Energy through a senior unsecured convertible loan paid in two tranches of EUR 30 million and EUR 10 million, at 0% interest over 20 years.
• The release says the financing supports Steady Energy’s LDR-50 project and is part of a package of well over EUR 100 million around its IPO; Steady Energy has been listed on Nasdaq First North in Helsinki since 2026-10-02. Emerald Horizon says its own SMRX development is in the development/testing/licensing phase, with integrated validation targeted for 2029 and a demonstrator from 2031.