Last Energy and Enea Group to develop small modular nuclear reactors

Last Energy is currently designing, manufacturing, and marketing a new fully modular small nuclear reactor. On the other hand, Enea Group, being a leader in the Polish energy industry, jointly signed an agreement. It will together pursue the development of Last Energy’s 20 MWe small modular reactors in Poland.

Access to clean energies

The agreement aims to provide greater access to clean energy in the country. It was signed in a public ceremony at the congress of 590 in Warsaw. The Polish Deputy Prime Minister Jacek Sasin attended and served as Minister of State Assets.

“This is a historic moment. We show that in practice, we are building Poland’s long-term energy security,” said Deputy Prime Minister Jacek Sasin, Minister of State Assets. “We want nuclear Energy – the traditional, large, and state-built Energy, as well as the micro-dimension – to be our future. Congratulations to Enea on finding a good and reliable partner who will help and guide them. This is the time that will decide whether we will win this race and Poland will retain its energy security.”

Enea is a mostly state-owned company and one of the largest companies in Poland. It supplies more than 2.7 million customers across the country. They focus on the nation’s energy security, which has become a growing concern as the country moves away from coal-based power.

The agreement between them is in line with Enea’s Development Strategy. This provides for creating new lines of business, aiming to be carbon neutral by 2050. Experts mention that Poland’s decarbonization rate must advance by four in the next eight years to achieve this goal.

Last Energy’s small modular reactors promise zero-carbon innovation. They also offer low-cost, long-term power.

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“An urgent investment in nuclear generation capacity will allow countries to quickly diversify their energy mix and solidify zero-carbon security for our future generations,” said Bret Kugelmass, CEO of Last Energy. “It’s incredibly encouraging to see this type of leadership from an organization like Enea, which shares our vision for affordable, clean, and efficient baseload power. Scaling small modular nuclear power isn’t ten years away. We are proud to bring our innovative delivery model together with Enea’s deep utilities expertise to usher in a new era of energy independence for Poland.”

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