Nuclear energy startup Blue Energy has raised $380 million in funding to develop grid-scale nuclear reactors using an unconventional shipyard-based construction model. The funding round was led by VXI Capital, with participation from investors including Engine Ventures and Tamarack Global.
The company is working on prefabricated nuclear power plants that can be built in shipyards and then transported to deployment sites. This approach is designed to reduce both construction time and costs, addressing long-standing challenges in the nuclear industry, where projects often face delays and budget overruns.
Blue Energy’s model leverages the large-scale manufacturing capabilities of shipyards, which are well-suited for handling heavy steel components and modular assembly. Once completed, the reactors can be shipped to their final locations, enabling faster and more predictable deployment compared to traditional on-site construction methods.
The capital raised will be used to support project development, procure long-lead equipment, and scale operations as the company advances its first commercial deployments.
The startup is targeting growing demand for reliable, large-scale power, particularly from energy-intensive sectors such as artificial intelligence and data centers. Its prefabricated reactors are expected to provide consistent baseload power while supporting the transition toward cleaner energy sources.
