Floating Nuclear Startup Bluecore Lands $50M Funding Before Setting Sail
The round was led by Silverton Partners and will fund product development, regulatory work, nuclear fuel purchases and hiring.
- On Tuesday, Bluecore Energy announced an oversubscribed $50 million seed round to fund product development and regulatory approval of its floating nuclear power plants for coastal infrastructure.
- CEO Kofi Asante founded the California-based company earlier this year to build small nuclear reactors on floating barges, generating about 10 MWe to deliver zero-emission power to ports and energy-intensive coastal locations.
- Silverton Partners led the seed round, which includes capital from Hartbeat Ventures and angel investors from SpaceX, Tesla, Toyota, and Rivian, bringing industry expertise in supply chain and hardware sourcing.
- Bluecore is undergoing design review with the Nuclear Regulatory Commission and Coast Guard to certify its floating power plant, as the two agencies recently signed a memorandum of understanding to coordinate civilian maritime nuclear oversight.
- Targeting AI datacenters and remote coastal settlements, the startup faces supply chain challenges while navigating California's restrictions on new nuclear plants. "Our focus now is simple: create and deliver zero-emission energy as safely and quickly as possible," Asante said.
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TechCrunch
BizTocNuclear 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.
Bluecore Energy raises $50 million for floating nuclear power systems
Bluecore Energy has raised US$50 million in seed funding to accelerate the development of its floating nuclear energy systems. The round was led by Silverton Partners and follows the company’s US$10 million pre-seed round announced when it emerged from stealth in July. The maritime nuclear energy company is developing its first system from its headquarters […]
Bluecore Energy Raises $50 Million to Build Floating Nuclear Power Plants
Nuclear technology company Bluecore Energy announced today that it has raised $50 million in a seed funding round, with proceeds from the new financing aimed at accelerating the development and deployment of its floating nuclear energy systems. Emerging from stealth earlier this year, Port of Long Beach-based Bluecore is developing small modular, water-cooled nuclear reactors […]
Bluecore Energy captured $50 million in a seed round led by Silverton Partners and accelerates the development of small nuclear reactors installed on floating barges, as it advances in reviews with U.S. authorities.
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