From Thursday 8 July, it will be possible to acquire shares in the energy company Fermi Energia. Fermi Energia's objective is to explore the possibility of building a new generation of small modular reactor power plants in Estonia to meet electricity security and climate objectives. Trading will be open for two weeks, from 8 July to 22 July, on the investment and trading platform Funderbeam.
https://www.funderbeam.com/syndicate/fermi-energia
"Our goal is to make Estonia's energy production clean at all times and in all weathers, and it is very touching that the Estonian people want to contribute to the future of Estonia and the well-being of its people together with Fermi Energy. Both the support of international companies and, for example, the price of electricity, which has almost doubled in the last year, give us confidence that weather-independent, year-round energy production in Estonia is a necessary, feasible and useful investment for the future," said Kalev Kallemets, CEO of Fermi Energia.
Fermi Energia has already raised an investment of €1.68 million through the FunderBeam platform. A total of 1,645 investors participated in the financing, of which nearly 95% were Estonian residents. The aim of the fundraising was to finance the company's work on the development of a small-scale reactor in Estonia, including through the national special planning process.
The investments did not stop there, as in March this year Fermi Energia was also invested in by the Belgian engineering company Tractebel Engineering SA, part of the Engie group, and a number of Estonian professional investors, and in May by the Swedish national energy company Vattenfall.
In addition to Tractebel and Vattenfall, Fermi Energia is also working with a number of other European energy companies, who will contribute their know-how and gain new practical knowledge of small reactor technologies.
According to the latest public opinion survey published by Kantar Emor in January 2021, 54 percent of Estonians support the idea of considering a small modular reactor.
The Estonian company Fermi Energia was founded in early 2019 by nuclear energy and energy economy experts Merja Pukari, Henri Ormus, Sandor Liive, Kaspar Kööp, Mait Müntel, Kalev Kallemets and Marti Jeltsov.
Funderbeam serves investors from 127 countries around the world and companies from Europe and Asia. Funderbeam's aftermarket is unique for its 24/7/365 service, offering settlement in 10 minutes. Founded in 2013, the company has offices in Tallinn, London, Copenhagen, Zagreb and Singapore.