Will small nuclear reactors start Europe's atomic renaissance? | Fortune
Briefly

Will small nuclear reactors start Europe's atomic renaissance? | Fortune
"A pilot project designed to test nuclear-powered district heating is set to be built at a highly symbolic site: Helsinki's recently decommissioned coal-fired power plant, the last of its kind in Finland. This experiment from Finnish startup Steady Energy unfolds amid global momentum for nuclear power. In December 2023, a declaration pledging to triple nuclear energy to reach net-zero emissions by 2050 was signed by more than 20 countries, including Finland."
"While France derives most of its energy from it, Germany shut down its last reactor in 2023, and it is unclear whether its current government will change course. However, the pro-nuclear camp scored a victory when the European Commission reversed a previous ban by listing "nuclear fission energy" among the sectors eligible to receive EU money in the 2028-2034 budget proposal it unveiled in July."
Helsinki will pilot nuclear-powered district heating at the city's recently decommissioned coal-fired power plant, converting the last coal site in Finland. The project is led by Finnish startup Steady Energy. More than 20 countries signed a December 2023 declaration pledging to triple nuclear energy by 2050 to reach net-zero, and 69% of Finns view nuclear energy as a tool against climate change. Several European countries are reconsidering bans on new reactors, exemplified by Swiss draft legislation. The European Commission listed nuclear fission energy as eligible for EU funds in the 2028-2034 budget, creating momentum but requiring rapid implementation. Thorizon CEO Kiki Lauwers described the timing as urgent.
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