Floating nuclear startup Bluecore lands $50M funding before setting sail
Startup wants to take atomic power generation on a barge to wherever the need is
Startup Bluecore Energy has raised $50 million in seed funding to develop floating nuclear power plants intended to supply ports and other locations with rapidly growing energy demands.
The California-based company said the Silverton Partners-led round, which includes $10 million in previously announced pre-seed funding, brought in several new investors. It plans to use the money to engineer and test its compact nuclear power system and pursue regulatory approval and maritime classification.
Its initial design is intended to generate about 10 MWe – megawatts of electrical output – continuously using light-water reactor technology. Bluecore says the maritime system would be able to operate for years at a time and require refueling only once every few years.
The company has secured its first barge and is developing a non-fueled, electrically heated reactor module prototype at its...
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