Constellation invests in Blue Energy

[Marlin]

Constellation invests in Blue Energy

https://world-nuclear-news.org/articles/constellation-invests-in-blue-energy

[Core Content]

How a Blue Energy power plant could look (Image: Blue Energy)

Constellation Technology Ventures has acquired an equity stake in Blue Energy to support the development of prefabricated, modular nuclear power plants. The partnership focuses on a phased deployment strategy that utilizes gas turbines before transitioning to GE Vernova BWRX-300 small modular reactors. This investment aims to reduce construction timelines and regulatory risks for new nuclear projects by leveraging centralized manufacturing at existing shipyards.

Blue Energy - a developer of financeable, prefabricated nuclear power plants - has announced a strategic equity investment from Constellation Technology Ventures, the venture arm of Constellation, operator of the largest fleet of nuclear power plants in the USA. ;

Blue Energy says that reactors make up less than 10% of the cost of a nuclear power plant, with most of the cost coming from "construction and regulatory challenges in the rest of the plant". Its model is for a modular, reactor-agnostic power plant architecture to house the next generation of nuclear reactors using centralised manufacturing at existing shipyards. It says this will cut construction time, with the temporary use of gas generation meaning power can be delivered within 36 months.

Read the full article at World Nuclear News:
https://world-nuclear-news.org/articles/constellation-invests-in-blue-energy