Bluecore Energy Raises $50 Million Seed Round for Floating Nuclear Reactors
Updated
Updated · TechCrunch · Sep 8
Bluecore Energy Raises $50 Million Seed Round for Floating Nuclear Reactors
3 articles · Updated · TechCrunch · Sep 8
Summary
$50 million in seed funding gives Bluecore Energy fresh capital just months after a $10 million pre-seed, with the round oversubscribed and closed in eight weeks.
Silverton Partners led the raise after investor demand accelerated following Bluecore's pre-seed launch, with backers including Slauson & Co., Harlem Capital and Chris Larsen increasing their stakes.
The startup builds small nuclear reactors on floating barges for ports and nearby infrastructure, and says it has already launched two barges and begun formal regulatory engagement with the NRC and Coast Guard.
Bluecore plans to use the money for product development, regulatory work, nuclear fuel purchases and hiring, while Asante said supply-chain constraints are the main hurdle to scaling portable power systems.
Headquartered at the Port of Long Beach, Bluecore says it is seeing inbound interest from ports, AI data centers and communities seeking clean energy and water.