Bluecore Energy Raises $50M Seed Round for Floating Nuclear Power Plants

Bluecore Energy Secures $50 Million Seed Funding

Bluecore Energy, based in Long Beach, California, announced an oversubscribed $50 million seed funding round. Silverton Partners led the investment, with participation from Slauson & Co., Harlem Capital, Black Angel Group, and HartBeat Ventures. This funding follows a $10 million pre-seed round two months prior, bringing the total raised to $60 million.

Floating Nuclear Reactor Technology

Bluecore Energy is developing compact, water-cooled small modular reactors intended for operation aboard floating barges. This approach aims to circumvent the lengthy construction times associated with traditional land-based nuclear power plants. The systems would be manufactured and then transported to sites requiring electricity.

Deployment and Regulatory Efforts

The company's initial target for deployment is the Port of Long Beach, with future potential customers including other ports and AI data centers. Bluecore is actively working with the Nuclear Regulatory Commission and the U.S. Coast Guard to obtain necessary certifications for its technology.

Broader Nuclear Funding Trends

Bluecore's funding round aligns with a broader increase in investment within the nuclear sector. Nuclear fission startups collectively attracted approximately $2 billion in venture funding in 2025. The cleantech, EV, and sustainability sectors saw about $15 billion in funding during the first half of 2026, with the second quarter reaching its highest level since 2024.