The European Investment Bank (EIB) has presented its Strategic Roadmap for the period 2024-2027, outlining its priorities and strategic approaches for the coming years. In a surprise decision, the final version of this roadmap has omitted any explicit mention of Small Modular Reactors (SMR). However, the EIB has confirmed that will continue to fund these projects through its commitment to strategic industry alliances.
The final version of the Roadmap reflects a renewed strategic approach by the EIB, including the prioritization of high-impact investments in specific areas such as industrial partnerships. Despite the absence of a direct reference to SMRs, the bank has confirmed its commitment to “net zero technology” established in the Net Zero Industry Act (Net Zero Industry Act or NZIA).
Small Modular Reactors (SMR) represent a promising nuclear technology that could play a crucial role in diversifying Europe’s energy mix and reducing carbon emissions in the long term. These reactors designed to be more compact and flexible than conventional nuclear plantsoffer the possibility of generating energy efficiently and safely, while mitigating the environmental impacts associated with fossil fuels.
Commitment
In addition to its support for SMRs, the EIB has emphasized its commitment to climate action and technological innovation through several strategic programmes. This includes initiatives aimed at strengthen renewable energy infrastructureimprove energy efficiency in SMEs, and support the deployment of digital and net zero emissions technologies across Europe, such as projects of common European interest (IPCEI).
The Strategic Tech-EU programme, launched as part of the Roadmap 2024-2027, reflects the EIB’s commitment to investing in key technologies such as artificial intelligence or semiconductors. These investments not only seek to strengthen Europe’s industrial capacity, but also boost innovation and competitiveness in a global market that is increasingly digitalized and focused on sustainability.
The EIB recognizes the need to support projects that not only generate financial returns, but also drive significant progress in terms of emissions reduction, energy efficiency and sustainable job creation.
SMRs, in this context, represent a unique opportunity to move towards a more diversified and resilient energy system in Europe. Although its explicit inclusion in the EIB’s Strategic Roadmap has been omitted, its potential to contribute to energy security and mitigate climate change continues to be recognized through the EIB’s continued commitment to innovation and industrial collaboration.
Perspectives and challenges
In a global context marked by significant climate, economic and geopolitical challenges, the EIB’s role becomes even more crucial in ensuring Europe’s resilience and strategic autonomy. His ability to mobilize financial resources from both the public and private sectors is critical to accelerating the transition to a net-zero emissions economy and promoting sustainable economic growth across the region.
Furthermore, the COVID-19 pandemic has highlighted the importance of investing in resilient and sustainable infrastructure that can withstand future crises and promote long-term economic recovery. In response to these challenges, the EIB has stepped up its efforts to finance projects that improve Europe’s ability to confront health, economic and climate crises simultaneously.
Expanding clean energy production capacity, modernizing digital infrastructure and strengthening sustainable supply chains are key components of the EIB’s recovery strategy.
