Constellation Energy, the largest U.S. nuclear power operator, invested in Blue Energy. The investment came through Constellation Technology Ventures, its venture capital arm. The amount remains undisclosed. This marks Constellation's first investment in a U.S. developer focused on small modular reactors (SMRs).
Blue Energy, founded in 2023, aims to accelerate nuclear plant deployment by prefabricating components in shipyards. The company develops a model to build plants compatible with leading reactor technologies, including GE Vernova Hitachi's BWRX-300 SMR. This approach makes new nuclear projects more predictable, scalable, and financeable.
Blue Energy plans a novel "gas-to-nuclear" strategy. Gas turbines provide initial power and revenue during nuclear reactor construction. The company aims to deliver power within 48 months. It may begin early site work on its first project in Texas this year. Blue Energy targets a final investment decision for 2027.