Clean Tech Startup Blue Energy Receives Strategic Investment From Constellation

The company plans to use this funding to expand its operations and continue developing its nuclear power technology.

Blue Energy is working to solve one of the biggest challenges in the nuclear industry—making new nuclear power plants easier to finance and build. Its approach is designed to speed up deployment and meet the growing demand for clean energy.

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The company combines proven nuclear technology with large-scale robotic prefabrication using construction methods inspired by the offshore oil, gas, and LNG industries. This approach aims to reduce construction time, lower costs and make nuclear projects more attractive to investors.

The company has also reached an important U.S. Nuclear Regulatory Commission licensing milestone, bringing it closer to delivering reliable power in 48 months or less. Blue Energy plans to begin early construction work on its first project in Texas in 2026, with a final investment decision expected in 2027.

"With demand for near-term power rising, Constellation's investment will help Blue Energy meet America's need by making new nuclear development predictable, rapidly scalable, and project financeable for the first time in history. This relationship helps us leverage an established operator, proven technology, and innovative, project-financeable deployment models to expand access to nuclear energy," said Jake Jurewicz, Blue Energy CEO and Co-Founder.

"Constellation is committed to exploring innovative pathways that can help accelerate the deployment of advanced nuclear technologies in the United States and allocate risk appropriately," said David Dardis, Constellation Senior Executive Vice President and Chief External Affairs and Growth Officer. "The Constellation Technology Ventures investment in Blue Energy supports its deployment plans for the GE Vernova Hitachi's BWRX-300, a proven technology with a potential path to scale for the next generation of nuclear energy."

About Blue Energy  

Founded in 2023 by Jake Jurewicz, Blue Energy develops turnkey nuclear power plants using proven reactor technology. The company uses a low-cost financing model and off site prefabrication to make nuclear power plants faster, more affordable and easier to build. Blue Energy aims to deliver reliable, around the clock electricity at competitive costs to help meet the world's growing demand for clean energy.

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