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Bret Kugelmass

Founder and chief executive, Last Energy

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Kugelmass says the company has signed commercial agreements for 80 reactor units, 39 of them for data-center customers.

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Microreactor startups draw record capital as AI power demand climbs

Money Moves

Leading the company's push to ship its first reactors

Data centers running artificial-intelligence models need power around the clock. On July 10, 2026, a Washington, D.C. startup called Last Energy said it had raised $40 million to sell them small nuclear reactors it promises to build in 24 months.

Updated 3 hours ago