Constellation Energy (CEG) invested in Blue Energy, a developer of prefabricated nuclear power plants. Constellation Technology Ventures (CTV), Constellation's venture capital arm, made the investment. This marks CTV's first investment in a U.S. company focused on small modular reactors (SMRs).
Blue Energy aims to accelerate new nuclear energy deployment. It uses a novel shipyard-style manufacturing process and project financing. The company will use the funds to deploy GE Vernova Hitachi's BWRX-300 SMR technology. This approach aims to make new nuclear development predictable, faster, and affordable. It addresses rising demand for clean, reliable power.