Nuclear startup Last Energy raises $100M for its steel-encased micro reactor https://t.co/zk3ZQjw7Hw ...

Core Insights - The rise in energy demand is prompting a resurgence in nuclear energy, with Nanuclear Energy positioned to address the supply gap through its micro reactor technology [1][4]. Company Overview - Nanuclear Energy is a vertically integrated micro reactor company, leading in the U.S. with its flagship product, the Kronos MMR (Modular Micro Reactor) [3]. - The company is collaborating with the University of Illinois to build a micro reactor on their campus and plans to drill on its land soon [3][4]. Strategic Partnerships - Nanuclear Energy is partnering with AECOM, a Fortune 500 company with $16 billion in annual revenue, to advance its projects [4]. - The UK government has selected Kronos MMR as the only micro reactor to receive £50 million in funding, highlighting its significance in the nuclear sector [6]. Micro Reactor Technology - Micro reactors are defined as having a capacity of 20 megawatts or less, with the Kronos MMR outputting 15 megawatts and 45 megawatts thermal [7]. - The technology is designed for factory fabrication and mass production, aiming to meet global energy needs, particularly in the context of AI data centers and decarbonization efforts [8]. Disaster Relief Applications - Nanuclear Energy aims to replace diesel generators used in disaster relief with its clean energy solutions, particularly in remote areas affected by natural disasters [9][10]. Data Center Demand - The increasing energy demands from data centers have created significant interest in the Kronos MMR, which can provide base load energy for future AI applications [12]. - The company is in discussions with major tech firms investing billions in data centers, recognizing the necessity of nuclear energy in their energy solutions [12]. Military Engagement - Nanuclear Energy has secured a feasibility study contract with the U.S. Air Force, which is looking to upgrade its aging energy systems [14][15]. - This engagement provides the company with a sole source vehicle for bidding on additional military grants, enhancing its market position [15]. Competitive Edge - Nanuclear Energy is poised to lead in the commercialization of micro reactors, with plans to submit a construction application after drilling this fall [16]. - The company is also establishing a demonstration site in Canada, which will contribute to its competitive advantage in North America [16].