Blue Energy Raises $380M to Advance Prefabricated Nuclear Projects

Blue Energy, a Maryland-based nuclear energy developer, has raised $380 million in a new funding round. The company focuses on building prefabricated nuclear power plants designed for faster deployment.

The round was led by VXI Capital and Engine Ventures. Existing investors, including At One Ventures and Tamarack Global, also participated.

Funding to Support Equipment and Project Development

The company plans to use the capital to procure long-lead equipment. In addition, it will fund project development and support general corporate operations. These steps are expected to prepare the company for upcoming construction activity.

Focus on Modular and Financeable Nuclear Power

Blue Energy develops nuclear power plants that are compatible with existing reactor technologies. Its approach combines offsite prefabrication with a financing model aimed at reducing the cost of capital. As a result, the company aims to simplify deployment timelines.

Moreover, the company focuses on delivering consistent baseload power. It targets cost competitiveness with both fossil fuels and renewable energy sources.

First Project Planned in Texas

Under the leadership of CEO Jake Jurewicz, the company is preparing to begin construction on its first project in Texas in the third quarter of 2026.

The facility is expected to generate up to 1.5 gigawatts of electricity. It will primarily serve large-scale customers, including artificial intelligence data centers. Therefore, the project aligns with the growing demand for stable power supply in high-compute industries.