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| Site / Customer | Stated Claim | Status | Verification (Aggressive-Claim Flag) | |
|---|---|---|---|---|
| UK: Multiple sites (industrial customers) | ~30 PWR-20 units; multiple sites; first deployment 2025 | ONR pre-application engagement; no construction permit submitted | AGGRESSIVE CLAIM: COD claim 2025-2026 unsupported by ONR public timeline; ONR generic design assessment for any non-LWR would take 4+ years | |
| Poland: PGE + Industrial customers | 10-15 PWR-20 units announced framework agreements; first deployment 2027 | Polish nuclear regulatory framework supports SMR but no formal Polish permit process for non-Korean designs to date | AGGRESSIVE CLAIM: Polish nuclear program prioritizes Westinghouse AP1000 (large reactor) + KEPCO APR1000; PWR-20 small modular not yet established path | |
| Texas: Haskell County site (30 units) | 30 PWR-20 units (~600 MW) on a 200 acre Haskell County site; data centres cited as largest customer segment | Site control obtained; ERCOT grid connection filed; early site permit with NRC in preparation; no construction begun | PARTIALLY VERIFIED: the site and ERCOT filing are concrete progress vs prior claims, but no customer has been named and no NRC construction permit application exists | |
| Defense partnership claims | DoD-adjacent siting + defense-base applications | DoD Project Pele microreactor program selected BWXT (not Last Energy) | AGGRESSIVE CLAIM: DoD partnership claims not verified by DoD public disclosures | |
| Operational Last Energy reactors (any site, anywhere) | None as of 2026-Q1 | ZERO operational reactors | Still zero verified operational reactors; the 2025-2026 COD claims did not materialize | |
| NRC docket activity (US deployment) | Company says an early site permit application is in preparation | Early site permit in preparation; no construction permit application filed | Progress vs prior status, but an early site permit is an earlier and lower bar than a construction permit | |
| Funding raised (verifiable private equity) | ~$60M+ cumulative (PitchBook + press release aggregation) | Smaller capital base than peer microreactor developers | Modest funding vs claims; structural funding gap relative to NRC + commercial commissioning costs | |
| Editorial. Why this matters | Strategic context | Last Energy is the most-flagged 'aggressive-claim' microreactor developer in the sector. The aggressive announced-COD timelines come due 2025-2026; if not delivered + with insufficient capital + NRC engagement to back the claims, the structural credibility gap will widen. Marquee question: does Last Energy demonstrate verifiable progress (construction + NRC engagement + funding-to-execution mapping) in 2025-2026, or does the aggressive-claim narrative collapse? |
