Overview

Last Energy focuses on developing small nuclear power plants, providing services for the entire lifecycle of mini water-cooled reactors. Their reactors can generate both heat and electricity, making them suitable for various industrial applications while supporting sustainability goals. By using proven nuclear technology and emphasizing standardization, Last Energy aims to make nuclear power more scalable and quickly deployable. The company offers comprehensive services from planning to maintenance, ensuring a seamless process for clients in markets committed to clean technology.

Simplify's Take

What believers are saying

• Growing interest in micro nuclear plants supports Last Energy's market expansion.
• Successful $40M Series B funding indicates strong investor confidence.
• Partnerships with DB Energy and Enea SA enhance market reach in Europe.

What critics are saying

• Competition from nuclear fusion advancements could impact market position.
• Potential regulatory delays in UK projects may affect timelines.
• Dependence on external financing poses financial risks for project execution.

What makes Last Energy unique

• Last Energy uses proven reactor technology for small modular nuclear power plants.
• The company offers a first-of-its-kind delivery model for nuclear plant deployment.
• Last Energy provides end-to-end services for the lifecycle of nuclear power plants.

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Funding

Total Funding

$62.3M

Above

Industry Average

Funded Over

3 Rounds

$40,000,000

Series B

Aug 2024

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$40M

$45M

$65M

$100M

View all funding stages