Fermi Energia was founded by Estonian energy and nuclear energy professionals to develop deployment of SMRs in Estonia. In July 2019, the company launched a feasibility study on the suitability of SMRs for Estonia's electricity supply and climate goals beyond 2030, following a financing round from investors and shareholders.

In July 2019, Fermi Energia announced it would conduct a feasibility study on the deployment of SMRs in Estonia.

Laurentis is currently providing services to a number of SMR clients including Canadian nuclear utilities, Canadian non-nuclear utilities, European utilities, European non-nuclear utilities, and Canadian government departments. Fermi Energia was founded by Estonian energy and nuclear energy professionals to develop deployment of SMRs in Estonia.

All clean electricity options were favoured in Estonia, according to the poll. A total of 57% of people expressed support for wind, and 50% for solar energy, whereas only 10% supported natural gas.

In April 2021, the Estonian government formally approved the formation of a nuclear energy working group (NEPIO) tasked with analysing the possibility of introducing nuclear energy in Estonia.