Last Energy Signs Deals Worth $19 Billion for Nuclear Plants
- Last still needs regulator approval in UK, Poland for reactors
- Company is building its first 20-megawatt reactor in Texas
A Last Energy's microreactor demonstration in Brookshire, Texas.
Photographer: David J. Phillip/AP Photo
This article is for subscribers only.
Last Energy Inc., a startup developing advanced, smaller nuclear power plants, completed four deals worth $18.9 billion to build 34 reactors in Europe.
The Washington-based company expects to install the first of its 20-megawatt systems as soon as 2025, Chief Executive Officer Bret Kugelmass said in an interview Monday. Last is building its first system in Texas, but is still seeking approval from regulators in Poland and the UK, where it closed the Europe deals.