""For the first half a decade that I was telling people I was doing nuclear, I had to convince them, 'Hey, here's why nuclear is important,'" Bret Kugelmass, founder and CEO of Last Energy, told TechCrunch. "Now everyone just comes to us saying, 'Oh yeah, of course nuclear is a key part of the solution.' I'm like, okay, great, I'm glad everyone's caught up now.""
"The company's reactors are designed to produce 20 megawatts of electricity, enough to power roughly 15,000 homes. It has momentum. Last Energy just closed a $100 million Series C led by the Astera Institute with participation from AE Ventures, Galaxy Fund, Gigafund, JAM Fund, The Haskell Company, Ultranative, Woori Technology, and others. The company joins a slew of nuclear startups that have raised funding in recent months, buoyed by data centers' insatiable power demands."
Last Energy develops small modular reactors intended for factory production to reduce costs and plans 20-megawatt commercial units capable of powering about 15,000 homes. The company raised $100 million in a Series C to fully fund a 5-megawatt pilot reactor at a Texas A&M-leased site and to begin delivering commercial products. The reactor design updates a government-era pressurized water reactor originally built for the NS Savannah. The market shows growing venture investment across nuclear startups, driven in part by rising power demands from data centers.
Read at TechCrunch
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