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Last Energy receives $103 million in debt-financing to build SMR in Britain
- 5 days ago (2024-12-16)
- David Flin
Last Energy of the USA has announced that it has received an offer of $103.7 million in debt financing from the US Government to set up the first of four planned micro-sized nuclear power plants in Britain.
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Last Energy said it had received a letter of interest from the Export-Import Bank of the United States . The company said: “Upon final commitment, the Bank’s facility would cover Last Energy’s entire costs for a single power plant installation.”
Last Energy is planning to build four 20 MW micro-reactors at its site in Bridgend, south Wales. The first could be operational by 2027. It said that the plant could be used to power mid-sized industrial projects and data centres.