Company’s Project Quantum One Of Nine Selected For European Industrial Alliance On Small Modular Reactors, To Receive Technical Support From Working Groups
Washington, D.C. — Last Energy, a full-service developer of 20 MWe micro modular nuclear power plants, announced today that it is one of nine companies selected by the European Commission (EC) to receive project development support through the European Industrial Alliance on Small Modular Reactors (SMRs).
The Alliance, formed in 2024, seeks to accelerate the deployment of SMRs and micro modular reactors (MMRs) in Europe by the early 2030s by providing technical and in-kind support to developers through eight project working groups. The Alliance’s working groups are comprised of experts specialized in a variety of areas, including project financing, nuclear safety, fuel cycle and waste management, as well as supply chain development.
In October, Last Energy announced a project to deploy four units in South Wales to serve local industrial customers. The company aims to deliver the first plant for that project by 2027, contingent on the licensing and planning processes.
As a member of the Alliance’s inaugural batch of projects, Last Energy will collaborate with the working groups to expedite the delivery of Project Quantum, one of the company’s projects to provide power to data centers. The Alliance does not provide funding support to developers.
“Last Energy is honored to be acknowledged by the European Commission and excited to work with the Alliance to create a new model for nuclear development that brings plants online in a few years rather than a few decades,” said Ryan Duncan, Vice President of Government Relations for Last Energy. “Several industries have woken up to the potential of microreactors, particularly data centers. Project Quantum is one of several European data center projects Last Energy is pursuing, and we look forward to leveraging the Alliance’s expertise as we continue to make development progress.”
About Last Energy: Founded in 2019, Last Energy is a full-service developer of micro modular 20 MWe nuclear power plants with the goal of enabling global clean energy access and decarbonization in a way that is rapid, scalable, and economically competitive. Last Energy’s first product, the PWR-20 micro-nuclear power plant, is designed to address the inefficiencies that have traditionally made nuclear development prohibitively complex and expensive. By owning all aspects of plant delivery and dramatically reducing the time and cost of construction, Last Energy is transforming the nuclear power industry to unlock clean, reliable baseload energy for industrial customers throughout Europe.
Contact Matt Fossen, media@lastenergy.com
