Last Energy develops micro modular nuclear power plants using a factory-produced, fully modular design to provide reliable baseload power for industrial customers and utilities. Their delivery model minimizes upfront capital costs and land requirements, enabling efficient energy production while addressing the need for decarbonized energy solutions.
Funding
$64M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GFounders
Product
Problem
Many energy-intensive industries and utilities require reliable, always-on baseload power but face increasing pressure to decarbonize their operations. Traditional nuclear power plants involve significant upfront capital costs, extensive land requirements, and lengthy construction timelines, creating barriers to adoption.
Solution
Last Energy offers micro modular nuclear power plants (PWR-20) designed for rapid deployment and integration with industrial facilities and utility grids. Their approach leverages a factory-produced, fully modular design to minimize on-site construction and accelerate time to operation. By focusing on a full-service delivery model, Last Energy reduces upfront capital expenditure for customers, who can purchase electricity and heat through power purchase agreements. The plants are sized to meet the specific needs of industrial customers, requiring minimal water and land, and can be colocated near industrial facilities, ensuring a resilient, decarbonized energy supply.
Target Audience
The primary target audience includes energy-intensive industries such as data centers, construction materials, metals, manufacturing, chemicals, and pulp and paper, as well as utilities seeking to provide clean, reliable baseload power to the grid.
Features
- Factory-produced, fully modular PWR-20 design for rapid deployment
- Full-service delivery model minimizing upfront capital costs for customers
- Power purchase agreements (PPAs) for electricity and heat
- Minimal water and land requirements, enabling colocation near industrial facilities
- Private wire, baseload solution ensuring continuous operation without grid instability
- Integrated delivery model allowing utilities to choose their level of project involvement
- Leverages existing supply chain familiarity of pressurized water reactors