US venture capital fund Last Energy has invested in Fermi Energia, a company set up to build a small modular reactor in Estonia.
Neither company said how much had been invested. Fermi Energia said in a statement the funds, together with contributions from Estonian investors made during 2020, will help it conduct studies to find the best location for the plant and on licensing and construction processes.
Fermi Energia founder and chief executive officer Kalev Kallemets said the studies will be carried out by Fermi Energia's partners Fortum, Vattenfall and Tractebel in cooperation with Estonian experts. The results will be ready by January 2021.
Neither company said how much had been invested. Fermi Energia said in a statement the funds, together with contributions from Estonian investors made during 2020, will help it conduct studies to find the best location for the plant and on licensing and construction processes.
Fermi Energia founder and chief executive officer Kalev Kallemets said the studies will be carried out by Fermi Energia's partners Fortum, Vattenfall and Tractebel in cooperation with Estonian experts. The results will be ready by January 2021.
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