Bluecore Energy Raises $50 Million for Maritime Nuclear System

By Laura Curtis

(Bloomberg) — A Southern California startup with plans to deploy floating nuclear power plants may be one step closer to providing electricity to the busiest seaport complex in the US.

Though Bluecore Energy is still a few years away from a barge equipped with a small nuclear reactor serving the Port of Long Beach, its $50 million investment announced Tuesday is a milestone for the Long Beach-based company and its CEO Kofi Asante.

The funding round was led by Silverton Partners and will “support continued engineering and hardware development, testing and validation, regulatory and classification work, manufacturing, hiring and