en.Wedoany.com Reported - Constellation Technology Ventures, the venture capital arm of U.S. nuclear power operator Constellation, announced an investment in Blue Energy. Constellation operates over 19,000 MWe of nuclear power capacity in the United States, marking its first investment in a U.S. nuclear developer advancing small modular reactors (SMRs). Founded in 2023, Blue Energy originated from the Department of Nuclear Science and Engineering at the Massachusetts Institute of Technology.

Blue Energy proposes a modular, reactor-agnostic nuclear plant architecture designed to leverage centralized manufacturing capabilities at existing shipyards to accommodate next-generation reactors. The company notes that the reactor itself accounts for less than 10% of total nuclear plant costs, with the majority stemming from "construction and regulatory challenges of the rest of the plant." By initially using gas-fired power generation as a transition, the company aims to deliver electricity within 36 months.

Jake Jurewicz, CEO and co-founder of Blue Energy, stated that recent increases in electricity demand and Constellation's investment will help the company meet U.S. needs through a development model that is predictable, rapidly scalable, and, for the first time in history, capable of project financing. David Dardis, Senior Executive Vice President and Chief External Affairs and Growth Officer at Constellation, added that the investment supports Blue Energy's plans to deploy GE Vernova Hitachi's BWRX-300 reactor, a proven technology with potential for scaling.

Earlier this year, Blue Energy raised $380 million and established a strategic partnership with GE Vernova to develop a multi-gigawatt gas-to-nuclear project. The project will utilize GE Vernova gas turbines and BWRX-300 small modular reactors. The company recently achieved a significant licensing milestone with the U.S. Nuclear Regulatory Commission, supporting its goal of delivering reliable power within 48 months or less through a phased deployment strategy.

Last November, Blue Energy reached an agreement with AI infrastructure company Crusoe to secure a site for a nuclear plant of up to 1.5 GW at the Port of Victoria, Texas, to power a nearby Crusoe AI facility. Blue Energy stated that the gas-to-nuclear conversion will begin supplying power to the facility in 2028, transitioning to nuclear generation by 2031. The company may begin early site work on its first planned project in Texas in 2026 to support a final investment decision in 2027.