We are pleased to announce that Blykalla has been selected for funding by the European Union's prestigious European Innovation Council’s Accelerator Program in its most competitive round to date. Out of 1,211 applicants, only 71 companies were chosen, underscoring the strength of our vision and innovation in nuclear energy. This funding—consisting of a €2.5m grant and €15m in equity investment from the EU—not only provides significant financial support but also serves as a strong endorsement of our work and future plans to develop advanced SMRs and shape a sustainable, reliable energy future with our SEALER technology.
Jacob Stedman, CEO of Blykalla, states: “Just barely two weeks after our groundbreaking ceremony with the Swedish Minister of Energy Ebba Busch, we are excited to announce this new milestone. It not only validates the potential of our SEALER technology but also accelerates our mission to develop Europe’s first advanced SMR. The support from the EU EIC Accelerator program will be pivotal as we progress towards achieving our development milestones and expanding our strategic partnerships.”
The equity investment is executed through the EIC Fund, which is financed by the European Commission and managed by the European Investment Bank (EIB). As part of Blykalla's upcoming funding round, the EIC Fund will participate with a €15m ticket, significantly de-risking the company's next phase and reinforcing the strong market confidence in its vision. With this support, we will accelerate our work on key projects, enhancing our capacity for innovation and growth. We are honored to be part of driving technological advancement across Europe.
For more details, visit:
🔗 EIC Accelerator – 71 companies selected
About Blykalla
Blykalla is developing and building small modular reactors (SMRs) to deliver the next generation of clean energy. The innovative SEALER reactor utilizes liquid lead cooling and features unique safety elements and proprietary innovations. The company aims to provide necessary baseload energy to enable a complete transition to a fossil-free future and is actively collaborating with global partners to deliver Europe’s first advanced SMR.
For more information, please contact:
Communications Manager Blykalla
Alexandra Wyler
Phone: +46 768 61 73 73
Email: alexandra.wyler@blykalla.com
Blykalla AB
Sveavägen 32
111 34 Stockholm
Sweden
