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Start-up nuclear energy company Fermi Energia on 16 February announced an initial investment round for a proposed reactor in Estonia, saying it will file a planning application later this year, ETV news show "Aktuaalne kaamera" (AK) reported. The new call for funding aims to complete a series of investments of €2.5 million ($3m) required to formally launch the planning project for deployment of a small modular reactor (SMR).

Date: Friday, 19 February 2021
Original article: neimagazine.com/news/newsestonias-fermi-energia-seeks-1m-to-launch-smr-planning-procedure-8532118

Company looking to collect €2.5m on crowdfunding platform Funderbeam GE Hitachi BWRX-300 is one of several candidates Fermi Energia is evaluating for Estonia's first SMR NPP. Image courtesy Fermi Energia. Estonia-based energy startup Fermi Energia has announced a new call for funding in an effort to complete a €2.5m series needed to start the official planning project for the deployment of a small modular reactor in the Baltic country.

The company said in a statement that it needs to apply to the government to begin the “designated spatial planning process”. This pricess will analyse the building of a SMR from an environmental, societal, economic and national security perspective, and determine the potential locations for the power plant.

Fermi said it has financed all preparatory activities to date with total funding worth €560,000 from Estonian private investors and US venture capital fund Last Energy VC.

The company is now looking to collect another €1M public funding through the crowdfunding platform Funderbeam to form a part of a total €2.5m.

Date: Wednesday, 17 February 2021
Original article: nucnet.org/news/fermi-energia-announces-call-for-eur1m-funding-towards-official-start-of-smr-planning-project-2-2-2021

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