Nuclear startup Bluecore Energy raises $50M seed round, just two months after launch

Bluecore Energy announced Tuesday an oversubscribed $50 million seed round — just months after raising a $10 million pre-seed and coming out of stealth.

As TechCrunch previously reported, the company, founded just earlier this year by Kofi Asante, builds small nuclear reactors (SMRs) on floating barges, rather than fixed locations, to generate clean energy for ports and nearby infrastructure. This means that energy can be transported to wherever it is needed, an idea Asante hopes can bring clean power to those who need it most.

“The Navy is doing this as we speak, for the last 70 years, and has never had an accident,” Asante said about the use of portable technology in a new interview with TechCrunch. “We just made it smaller, so you can actually move things around in a way that doesn’t take years” — or a new set of infrastructure — ”but days.”

Asante wasn’t...

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