US maritime nuclear energy company raises USD50 million

[Marlin]

US maritime nuclear energy company raises USD50 million

https://world-nuclear-news.org/articles/us-maritime-nuclear-energy-company-raises-usd50-million

[Core Content]

(Image: BlueCore Energy)

Bluecore Energy secured 50 million dollars in seed financing to advance the development of its 10 MWe floating small modular reactor systems. The company is currently testing components at its Port of Long Beach headquarters while coordinating with the Nuclear Regulatory Commission and the US Coast Guard. These funds will support ongoing engineering, hardware testing, and regulatory efforts for the company's maritime nuclear power technology.

Bluecore Energy, a developer of small modular, water-cooled reactors designed to operate aboard floating barges, has announced the close of a USD50 million seed financing to accelerate development, testing, and deployment of its floating nuclear energy systems. ;

The round, led by Silverton Partners, includes substantial continued participation from existing investors Slauson & Co, with participation from Harlem Capital, Precursor Ventures, LMNT, Visible Hands VC, Karman Ventures, Chris Larsen, co-founder of Ripple, Capital Factory, Share VC, X&, Markham Ventures, and Hartbeat Ventures. The round also includes new investors, MaC Ventures, Collab Capital, Vanderbilt, Scribble, Fortson, Borusan, Symphony Ventures, Act One Ventures, Animal Capital, Black...

Read the full article at World Nuclear News:
https://world-nuclear-news.org/articles/us-maritime-nuclear-energy-company-raises-usd50-million