Floating nuclear startup Bluecore lands $50M funding before setting sail

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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