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Ocean-based storms are increasingly affecting areas hundreds of miles from the coasts.
Elgin Energy Center is back from the dead.
Hunter Biden also made an appearance in Trump’s answer to the debate’s one climate question.
Is that a problem? Let’s do the math.
Former President Donald Trump has been warming up to the idea of electric vehicles in recent months, and he used the debate podium on Tuesday night to announce that “I’m a big fan of solar.” But don’t get too excited: He apparently can’t name three of their albums.
During a heated back-and-forth over Vice President Kamala Harris’ stance on fracking, Trump started to get worked up about what will happen if Democrats win the election. “They’ll go back to destroying our country and oil will be dead, fossil fuel will be dead,” he warned. “We’ll go back to windmills and we’ll go back to solar, where they need a whole desert to get some energy to come out. You ever see a solar plant?”
Trump went on: “By the way, I’m a big fan of solar, but they take 400, 500 acres of desert soil.”
Trump has a history of exaggeration, but this is neither particularly hyperbolic nor as concerning as Trump would have you believe. About 34,000 acres of public land are currently devoted to solar energy, and a common estimate is that the U.S. would need to expand solar to an additional 700,000 acres to meet 2035 renewable energy goals. That’s about 1,100 square miles, or 1,555 Trump-sized solar farms (or 0.031115% of the entire United States, per Clean Technica).
And while it’s true that most utility-scale solar photovoltaic facilities are only a handful of acres, it only takes about five to seven acres to generate a megawatt — so a project of Trump’s reckoning would generate about 65 megawatts, which, as Mads Rønne Almassalkhi, an associate professor of electrical and biomedical engineering at the University of Vermont, pointed out, isn’t all that shabby:
The U.S. government also recently determined that some 31 million acres of public land in just 11 states are not on “protected lands, sensitive cultural resources, and important wildlife habitat” and are close to transmission lines or “previously disturbed lands,” and therefore hypothetically suitable for solar development. To put it in simpler terms, solar takes up a fair bit of land but: Desert big.
To be sure, there are absolutely valid concerns and debates to be had over siting and the environmental impact of solar farms in America, regardless of how small their ultimate relative footprint will be. And Trump could have raised those arguments. But from what he showed us on Tuesday, he doesn’t make a very convincing fan.
Last Energy just raised a $40 million Series B.
Nuclear energy is making a comeback, conceptually at least. While we’re yet to see a whole lot of new steel in the ground, money is flowing into fusion, there’s a push to build more standard fission reactors, and the dream of small modular reactors lives on, even in the wake of the NuScale disappointment.
All this excitement generally revolves around nuclear’s potential to provide clean, baseload power to the grid. But Washington D.C.-based Last Energy is pursuing a different strategy — making miniature, modularized reactors to provide power directly to industries such as data centers, auto manufacturing, and pulp and paper production. Size-wise, think small modular reactors, but, well, even smaller — Last Energy’s units provide a mere 20 megawatts of electricity, whereas a full-size reactor can be over 1,000 megawatts. SMRs sit somewhere in between.
Today the company announced its $40 million series B round, led by the Austin-based venture capital firm Gigafund. Last Energy aims to deploy its first microreactor by 2026, and CEO and founder Bret Kugelmass told me the company has already reached commercial agreements for 80 units, all in Europe. Nearly half of these will be deployed at data centers, the notoriously energy hungry server farms powering the AI boom.
Kugelmass told me the goal is for Last Energy’s reactor to be transportable in the back of a truck. “We decided to focus most of our specific design criteria based on supply chain and logistics constraints,” he said. Every part of the system is “built in a factory, first tested in a factory, mass manufactured in a factory, and then snaps together like a Lego set out in the field.”
There are currently no operational microreactors anywhere in the Western world, though other companies, including Radiant, Westinghouse, and BWX Technologies are also trying to build one. Last Energy’s investors are betting, however, that it could be one of the first to market.
As of now, the company has reached the permitting stage for some of its European projects. Kugelmass told me that Wales, England, Poland, and Romania are the company’s top markets, and that the decision to start in Europe was mainly financial. “Energy is so expensive in Europe compared to the U.S. — I mean, we're talking like two, three times higher for the exact same thing that we're going to deliver. We can make two or three times more money.”
The company estimates that its reactors can be fully manufactured and assembled onsite within two years. And while Kugelmass wouldn’t reveal an exact price, he said Last Energy will be cost-competitive with solar or wind plus storage. Problem is, there’s not really any precedent that would indicate how realistic these targets are, and nuclear doesn’t exactly have the best track record when it comes to arriving on time or on budget.
At the very least, though, Kugelmass told me the reactor’s smaller size makes a meltdown “practically impossible,” meaning securing regulatory approval should be much simpler than it is for full-size plants. And building on the customer’s side of the meter also allows the company to supply power before it’s officially grid-connected, meaning Last Energy can work around the interminably long interconnection queues that plague the European clean energy market just as they do the U.S.
As manufacturing ramps, costs come down, and the U.S. Nuclear Regulatory Commission streamlines its process for approving new projects, Kugelmass told me he could see Last Energy entering the domestic market in a few years. After all, with American companies driving the boom in AI and cloud computing, the U.S. has far more data centers than anywhere else on earth. Last Energy has aggressive plans to meet that demand, aiming to deploy 10,000 reactors in the next 15 years.
“But it doesn't stop there, because that's still only like 1% of global energy,” Kugelmass told me, saying that Last Energy’s ultimate goal is to “fundamentally transform global energy.” But that’s for tomorrow. For the unglamorous now, some more prototypes and permits are in order.
