US nuclear company Last Energy has raised $40m (€36m) in Series B funding, bringing total capital raised to $64m since the company’s founding in 2019.
The Washington based company, which is developing a 20 MW micro-nuclear power plant, said the Series B funding will enable it to continue expanding its team and investing in project development as it works to deploy its first plant, targeting a 2026 online date.
Investors for the round include US-based venture capital firms Gigafund and Autodesk Foundation, and a series of family offices.
Last Energy also announced that it has reached commercial agreements for 80 units. The company said it has “incredibly ambitious” goals, aiming to build 10,000 units in the next 15 years, though to date it has not brought any online.