Finland, Sept. 15 -- The European Investment Bank (EIB) is investing up to €40 million in Finnish nuclear-technology company Steady Energy as part of a broader financing package involving institutional, strategic and retail investors. The financing will accelerate the company's development of a heat-only small modular reactor. This is the EIB's first investment in SMR technology, and supports the European Commission's strategy to bring Europe's first Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs) online by the early 2030s.Steady Energy's 50 MW reactor concept is designed to supply low-carbon heat to district heating networks. The reactor is designed to build and improve on existing proven light water reactor techno...