Bluecore Energy raises $10M to build portable nuclear reactors on barges
Startup Bluecore Energy has raised $10 million to develop small modular nuclear reactors mounted on floating barges. These reactors aim to provide clean, portable power to ports and coastal infrastructure.
Why it matters
Portable nuclear energy could provide a scalable, low-emission solution for powering major industrial hubs and remote coastal communities.
Maritime nuclear energy startup Bluecore Energy on Tuesday said it had raised $10 million in a pre-seed funding round that was led by Slauson & Co.
Founded seven months ago by Kofi Asante, who previously worked with Uber Freight, Bluecore is building small nuclear reactors (SMRs) on floating barges with an aim to provide clean power to ports and nearby infrastructure. The reactors heat water and transfer the resulting steam into a generator, which then spins a turbine to generate electricity, Asante explained . The system is water-cooled in a closed-loop.
The energy expected to be produced on BlueCore’s barges can be moved by ship to its next location, reducing the emission involved in its transport to zero, Asante claims. Plus, he said the entire system behind the nuclear power plant only needs to be refueled once every few years.
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