US Bluecore Energy Raises $50 Million to Advance Floating Small Modular Reactors

en.Wedoany.com Reported - On September 8, 2026, US-based Bluecore Energy announced the completion of a $50 million seed funding round to accelerate the development, testing, and deployment of its floating nuclear energy systems. Bluecore Energy is developing small modular water-cooled reactors that can operate on floating barges, with target applications including ports, utilities, data centers, offshore infrastructure, and communities facing energy shortages.

The round was led by Silverton Partners, with existing investor Slauson & Co continuing its participation, alongside Harlem Capital, Precursor Ventures, LMNT, Visible Hands VC, Karman Ventures, and others. Bluecore Energy stated that this funding represents a significant expansion on its initial $10 million pre-seed round. The company emerged from stealth mode and officially launched on July 21.

Bluecore Energy is headquartered with its development and operations base at the Port of Long Beach, California. Since its official launch, Bluecore Energy has acquired its first barge and transported the barge and electrical test reactor to its Long Beach headquarters, while continuing to advance engineering development and component testing for its first offshore nuclear energy system.

The first system under development by Bluecore Energy has a power output of 10 megawatts, designed to supply electricity for approximately 15,000 households, and can also be scaled to meet the power demands of large ports. By design, the system can operate for years on a single fuel load, and reactors can be paired in combinations to expand capacity. The barges are mobile and can also be moored or anchored in a manner similar to offshore oil and gas facilities, delivering power to users such as ports via submarine cables.

Bluecore Energy stated that the new funding will be used for engineering and hardware development of the first system, testing and validation, regulatory and classification certification efforts, manufacturing, hiring, and deployment advancement. Bluecore Energy is also progressing in its engagement and review processes with the US Nuclear Regulatory Commission (NRC) and the United States Coast Guard (USCG).

Bluecore Energy founder and CEO Kofi Asante stated that six months ago the company was still in its foundational stage, and it now has the capital, team, and hardware in place, while advancing collaboration with relevant nuclear and maritime organizations. He noted that Bluecore Energy's goal is to deliver zero-emission energy as quickly as possible while ensuring safety.

In July 2026, the Port of Long Beach signed a memorandum of cooperation with the US Department of Transportation's Maritime Administration (MARAD) to explore potential integration of offshore energy systems, including small modular reactors (SMRs), port microgrids, shore power infrastructure, and advanced ship propulsion technologies. Bluecore Energy stated that the Port of Long Beach is one of its current priority application scenarios, and it has also received expressions of interest from other ports, AI data centers, and communities in need of clean energy and water resources.