Investing in the only SMR project in the Baltics
Fermi Energia AS is an Estonian company founded by experienced energy and nuclear professionals with a bold mission: to bring Small Modular Reactors (SMRs) to Estonia — ensuring regional energy security, accelerating decarbonization, and providing stable, affordable electricity for the Baltic region.
As the only SMR project in the Baltics, Fermi Energia is uniquely positioned to become a cornerstone of the region’s clean energy future.
Join us in building a resilient, sustainable energy system — and take part in shaping Europe’s next-generation nuclear landscape.
✅ Strong Public Support
✅ Local Government Backing
✅ Strong Political Support
Interested in Investing?
Get in touch directly with our CEO to explore opportunities.
Kalev Kallemets – CEO
+372 5216 495
Linkedin
Why the Baltic Region?
A High-Impact Investment Opportunity
The Baltic energy market is facing urgent challenges that create a compelling opportunity for long-term, value-driven investment:
Structural Energy Deficit
The Baltic countries are increasingly dependent on electricity imports to meet domestic demand:
In 2023, imports reached 11.4 TWh, or 43% of total consumption.
Year-to-date, imports make up 32%, with further increases expected during winter.
Key neighbors such as Finland and Poland are also net importers, limiting external supply options.
Investor Insight:
This persistent supply gap opens the door for reliable, local baseload capacity — positioning Fermi Energia’s SMR project as a strategic solution to secure regional energy independence.
Elevated and Unstable Power Prices
Electricity in the Baltic countries is significantly more expensive than in the Nordics:
Consumers pay 60% to 300% more on average.
Price volatility undermines economic stability and industrial competitiveness.
Investor Insight:
Fermi Energia’s SMR project offers a cost-effective, price-stable alternative — enabling predictable long-term returns in a high-margin market.
The Baltic region is not just a market in need — it is a high-leverage environment for first-mover energy infrastructure. With no local nuclear capacity and rapidly growing demand, Fermi Energia is uniquely positioned to deliver scalable, clean energy while capturing value in an underserved market.
Why Fermi Energia?
The Right Team. The Right Timing. The Right Technology.
Fermi Energia is leading the development of the only Small Modular Reactor (SMR) project in the Baltics, offering a rare opportunity to invest in clean baseload capacity in a high-demand, import-reliant region.
Founded by Industry Experts
Fermi Energia was established by Estonian energy and nuclear professionals with decades of experience across utility operations, regulation, and nuclear engineering.
- Strong partnerships with leading global SMR vendor GE Hitachi
- Deep understanding of the local and EU regulatory landscape
- Proven leadership in stakeholder engagement and public communication
Investor Insight:
This is not a startup chasing a trend — it’s a focused team with the credibility and network to deliver a national-scale energy solution.
Positioned for Long-Term Returns
As the first nuclear energy producer in the Baltics, Fermi Energia is positioned to:
- Secure long-term Power Purchase Agreements (PPAs)
- Offer stable, low operating costs post-deployment
- Leverage EU green taxonomy incentives and supportive financing tools
Investor Insight:
This is a long-term infrastructure asset with strong fundamentals — delivering value through clean energy, grid stability, and national energy security.
Strong Partnership with Industry Leaders
Partners
Investors
Shareholders of Fermi Energia
Vattenfall is a Swedish state-owned multinational energy company and one of Europe’s largest producers and retailers of electricity and heat, operating Sweden’s nuclear power plants.
The company’s assets total €51.21 billion.
Kaamos is Estonian-owned investment firm, with major investments in property development, construction, and energy.
Goup assets totaled €258.7M, with equity of €136.9M.
Estiko is an Estonian capital-based enterprise engaged in packaging production, real estate development, accommodation services, and energy production.
Sales revenue in 2023: €72.73M.
Tractebel is a global engineering and consulting company. Its main areas of expertise include nuclear power, electrical grids and complex buildings.
With over 5,600 experts, delivering projects in more than 20 countries, backed by more than 150 years of experience.
Fermi Energia’s Success Story
-
2019
Fermi Energia founded
Founders:
Sandor Liive - Former CEO of Eesti Energia (Estonian State-Owned Utility)
Kalev Kallemets - PhD in Economic
Marti Jeltsov - PhD in Nuclear engineering
Henri Ormus - MSc in Nuclear engineering
Kapar Kööp - PhD in Nuclear engineering
Merja Pukari - PhD in Nuclear physics
Mait Müntel - PhD in Nuclear physics
-
Q2 2021
Vattenfall to become shareholder
Vattenfall is studying the potential for the deployment of small modular reactors in Estonia, especially addressing costing and constructability aspects, supply chain, operations/personnel/maintenance, and newbuild financing structure.
-
Q1 2023
BWRX-300 technology selected
Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia
-
Q3 2024
Parliament of Estonia passed a Resolution on supporting the adoption of nuclear energy in Estonia
The Resolution of the Parliament of Estonia on supporting the adoption of nuclear energy in Estonia entails the drafting of the Nuclear Energy and Safety Act and, if necessary, amending and supplementing the existing legislation, as well as the establishment of an institution regulating the safe use of nuclear energy and the development of sectoral competences.
-
Q4 2024
Agreement with Laurentis Energy Partners to support SMR development in Estonia
Laurentis Energy Partners, a subsidiary of Ontario Power Generation, is overseeing the construction of the BWRX-300 FOAK reactor in Canada.
-
Q1 2025
Application to initiate a national designated spatial plan for the construction of nuclear power plant
Fermi Energia submitted an application to the Ministry of Economic Affairs and Communications on Tuesday to initiate a national designated spatial plan for the construction of a 600-megawatt nuclear power plant.
-
Q2 2025
Teaming agreement with Samsung C&T, positioning it as a potential EPC Prime Contractor and key commercial partner
Fermi Energia and Samsung C&T have signed a co-operation agreement to advance the construction of two BWRX-300 small modular reactors (SMRs) in Estonia.
-
Q2 2025
First-of-its-kind BWRX-300 reactor licensed for construction
The Canadian regulator has issued a construction licence for the first-of-its-kind GE Hitachi BWRX-300 reactor at the Darlington New Nuclear Project site in Clarington, Ontario. This same SMR design has been selected by Fermi Energia for its Estonian project.
Be part of our success story
Shape the future with us
Interested in Investing?
Get in touch directly with our CEO to explore opportunities.
Kalev Kallemets – CEO
+372 5216 495
Linkedin
Fermi Energia AS
Aadress: Tornimäe 2, Tallinn 10145, Estonia
Registry code: 14660585
VAT: EE102138838
E-mail:
