Calogena secures €40 million from the European Commission for its first commercial nuclear reactor

For the first time in the nuclear industry, European funding awarded to an SMR will directly support the construction of a commercial facility. The €40 million grant awarded to Calogena through the European Commission’s Innovation Fund will help fund the potential construction of its first commercial reactor to serve the town of Pierrelatte. This decision marks a major milestone for Calogena as its technology moves towards industrial deployment.