May 5, 2026

Blue Energy Raises $380M, forms partnership with GE Vernova

Blue Energy and GE Vernova have formed a strategic collaboration to advance the world’s first gas-plus-nuclear power plant. The two companies intend to design and develop a power plant using GE Vernova Hitachi Nuclear Energy's BWRX-300 small modular reactors and combine that with GE Vernova gas turbines to meet as much as 2.5 gigawatts of electricity demands as quickly as possible, in order to provide power to a client's AI data center. This includes a signed slot reservation agreement for delivery to the Texas site of two GE Vernova 7HA.02 gas turbines in 2029 for “early site energization.” With turbines one of the long-lead time gating items for new power plants, this delivery timeframe is a win for Blue Energy's plans.

Blue Energy has been developing an approach to accelerate deployment of new nuclear power plants by trimming at least five years off the conventional nuclear timeline and slashing time to power to 48 months or less with a natural gas bridge to gigawatts of nuclear power. At the end of last year, the Nuclear Regulatory Commission approved the company’s licensing topical report on its approach to “resequencing” the phases of nuclear plant construction. Under its model, Blue Energy separates construction of the nuclear and non-nuclear portions of the plant, beginning with off-site fabrication and on-site installation of the non-nuclear, “non-safety-significant” infrastructure. This approach enables fabrication and site energization to begin while the nuclear components continue through their licensing and construction phases.

In late April, 2026, Blue Energy close on a staggering $380 Million Series B which will help it advanced its rapid-progress style approach to nuclear plant development. This fundraise was led by VXI Capital, signaling what may be a whole new chapter in the growth of American nuclear power, with additional backing from prior venture investors, including Engine Ventures, At One Ventures and Tamarack Global.

November 1, 2025

Blue Energy and Crusoe Advance 1.5-GW Power Campus at Port of Victoria ()

Following its initial site agreement with the Port of Victoria, Blue Energy has partnered with AI infrastructure firm Crusoe to develop a 1.5-GW power campus—starting with natural gas and transitioning to modular nuclear by 2031.

October 26, 2025

Blue Energy to Explore Major Modular Nuclear Project in Texas ()

Blue Energy has signed an agreement with the Port of Victoria to assess a 1.5-GW modular nuclear project, which could drive up to $1B in investment and create 100 new jobs.

September 30, 2025

AI’s growing energy demand + carbon concerns powers momentum for nuclear

Growing Energy demand provided demand pull for both traditional and next-generation reactors throughout Q3 of 2025. Yet further boosting momentum was the announcement by the DOE that they had selected ten ventures for accelerated design review of a test unit. This has lit a fire under those and other ventures already making progress to try to get the DOE to allow them to build something by July 4, 2026.

July 30, 2025

NRC Unlocks Factory Fueling for Microreactors

NRC-memo-jun-2025

In a major policy shift, the U.S. Nuclear Regulatory Commission (NRC) has approved new guidance that allows microreactors to be fueled and tested in factories. This could significantly accelerate deployment timelines for advanced nuclear startups.

Outlined in a June 17 memo, the policy allows:

  • Fuel to be loaded at the factory, as long as the design includes safeguards to prevent criticality;

  • Operational testing to occur prior to shipment;

  • A redefinition of “operation” to begin only when those safeguards are removed post-deployment

This change removes key bottlenecks for companies building modular, transportable systems.

Here’s how it directly supports our portfolio:

Radiant (Q4 2021, Q1 2025): Radiant’s portable nuclear generators stand to benefit from off-site testing and factory fueling, especially for defense and remote energy use cases.

Aalo (Q3 2024, Q4 2024): Aalo’s sealed microreactors are built for factory assembly and shipment. These policies enable validation and fueling pre-deployment, accelerating early commercial pilots.

Blue Energy (Q4 2024): With a focus on modular deployment, Blue can now pursue pre-operational qualification in the factory, reducing on-site regulatory hurdles and shortening the path to demonstration.

These updates reflect a broader shift at the NRC toward enabling next-gen deployment models, aligned with the ADVANCE Act’s mandate for risk-informed, performance-based licensing.


References:

U.S. Nuclear Regulatory Commission, Staff Requirements – SECY-24-0008 – Micro-Reactor Licensing and Deployment Considerations: Fuel Loading and Operational Testing at a Factory, June 17, 2025.

Forbes, Nuclear Regulatory Commission Advances New Microreactor Policies, by Noel Fletcher, June 30, 2025.

Utility Dive, Nuclear Regulators Lighten Microreactor Restrictions, by Brian Martucci, June 24, 2025.

March 17, 2025

Blue Energy

Blue Energy – An innovative, early-stage, Massachusetts-based nuclear plant designer and integrator, working to develop a novel, off-shore methodology to deploy licensed small modular light water reactors (SMRs) at scale using monopiles and other mature, off-the-shelf wind turbine deployment techniques. 

October 8, 2024

BLUE ENERGY: Accelerating deployments of SMRs

Blue energy logo in blue trans.png

Nucleation announces its investment in Blue Energy's Series A with Fund I

Blue Energy  is working to deploy small modular reactors (SMR) in a unique and cost-effective offshore formation that leverages shipyard manufacturing and existing, mature offshore wind technology to decrease siting difficulty, lower construction costs and increase safety by utilizing the vast cooling power of the ocean. Read Blue Energy's press release about their financing.

Blue Energy recognizes that speed to deployment really matters. By utilizing smaller, simpler and manufacturable SMR technology optimized for this purpose, combined with shipyard production, Blue Energy will have a competitive advantage being able to deploy off-shore at existing nuclear power facilities, where approvals to build already exist. This team has figured out a brilliant “ocean-cooled” deployment strategy that enables it to be technology agnostic and build the emerging SMR market with a more affordable and efficient implementation process, in partnership with existing utilities. Energy Secr. Jennifer Granholm believes nuclear needs to "at least triple,” and the U.S. together with some 25 other nuclear nations have also pledged to triple their nuclear generation as well. More recent estimates from the DOE put the amount of new power needed in the U.S. at 200 GW. Blue Energy’s design is poised to help accelerate this growth and are focused on deploying design that are low-cost, manufacturable and NRC-approved. Recently,  the DOE announced plans to allocate some $900 million towards the deployment of SMRs. We believe that Blue Energy could be an early mover working to leverage this DOE funding and have significant advantage in having an implrementation plan ready to go. According to yet another DOE study, of the 65 nuclear power plant sites in 31 states, there is the potential to install as much as 60 to 95 GW of new capacity at these existing and/or recently retured nuclear power plant sites.  For existing sites which are situated on the coast, Blue Energy's approach can give these sites the potential ability to increase that number by adding new, off-shore sitings. Additionally, we are extraordinarily delighted to share that both the U.S. House of Representative and the Senate reconciled versions of the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act have passed, making sweeping changes to the approval process for new technology in the nuclear energy sector. The ADVANCE Act, more than anything else, seeks to accelerate the deployment of nuclear power, and passed with significant bipartisan majorities in both chambers and is now on President Biden's desk, awaiting his signature. HuffPo calls this the "The Biggest Clean-Energy Bill" since the passage of the IRA, and is designed to turn the NRC into a 21st century regulator. We have written about both House and Senate versions previously, and we will post more information about the final resulting legislation, which Biden is almost certain to sign, on our website shortly.

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