Last Energy

PWR-20 SMR, micro-modular reactor, factory-built

US$400M est. privateest. 2019lastenergy.com (opens lastenergy.com)Checked 10 Oct

The brief

Analyst view
  • PWR-20 is 20 MWe with factory-built modules that assemble on site in roughly 24 months instead of a decade.
  • Raised $164M total; Series C of $100M closed December 2025. 10 PWR-20s for Poland, 24 for UK.
  • DOE Reactor Pilot Program: targeting first criticality and plant commissioning in Poland by end-2026.

Technical approach

As reported
Factory assembly

Modules made in controlled factories

Factory-manufactured modules are pre-tested and fit together like Lego. Quality is higher and assembly faster than on-site construction.

Pressurized water cooling

Proven PWR technology at smaller scale

Standard PWR design, 4.95% enriched fuel, 300°C output, closed-cycle air cooling. No cooling towers or water supply needed.

Rapid deployment

Two-year timeline from factory to power

Modular assembly compresses timeline from 10+ years to 24 months, reducing financing risk.

Industrial heat and power

Target is data centers and heavy industry

20 MW and 300°C heat suit industrial users and hyperscale data centers seeking decarbonization.

Primer