Bluecore raises $50M for floating nuclear reactors

Bluecore Energy is betting that nuclear power can become more modular by moving part of the infrastructure offshore.

What happened

The startup raised an oversubscribed $50 million seed round shortly after a $10 million pre-seed. Bluecore is developing small modular reactors mounted on floating platforms, initially targeting power supply for ports and potentially large energy users such as data centres.

Why it matters

New nuclear projects are often slowed by site selection, construction complexity and permitting. A floating model could offer a different deployment pathway if the company can solve the engineering, regulatory and operating challenges.

The bigger picture

AI-driven electricity demand is pulling more capital toward firm power technologies. Nuclear startups are experimenting not only with new reactor designs, but with new ways of locating, financing and deploying generation capacity.