Bluecore Energy raises $50M to build its first floating nuclear system
Maritime nuclear startup Bluecore Energy Inc. today announced a $50 million seed round, seven weeks after the company formally launched with $10 million behind a plan to mount small reactors on barges. Most of the new capital will go toward getting its first system engineered, tested and licensed. Bluecore is designing compact water-cooled reactors that […] The post Bluecore Energy raises $50M to…
Bluecore Energy Inc., a maritime nuclear startup, has raised $50 million in seed funding to develop its first floating nuclear system. The capital will be used to engineer, test, and obtain licensing for a compact water-cooled reactor designed for floating platforms, which will dock where grid capacity is limited. The first system is expected to produce around 10 megawatts of continuous power and operate for years between refuelings.
Intended customers include ports, coastal infrastructure, and artificial intelligence data centers, with a long-term goal of powering cargo ships. Bluecore has secured its first floating barge and is collaborating with the U.S. Nuclear Regulatory Commission and the U.S. Coast Guard to navigate regulatory requirements. The company's leadership includes former Navy nuclear submarine officers and engineers with experience from various tech firms.
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