Bluecore Energy, a nuclear startup founded earlier this year by Kofi Asante, has announced an oversubscribed $50 million seed round, just two months after raising a $10 million pre-seed and emerging from stealth. The company develops small nuclear reactors (SMRs) on floating barges to generate clean energy for ports and nearby infrastructure, enabling the transport of energy to where it is needed most. Asante highlighted the safety and efficiency of this portable technology, noting that the Navy has utilized similar technology for 70 years without incident.

The seed round, led by Silverton Partners and closed in eight weeks, attracted participation from previous pre-seed investors such as Slauson & Co., Harlem Capital, and Ripple co-founder Chris Larsen, as well as new investors including Collab Capital and Kevin Hart’s HartBeat Ventures. Bluecore Energy, headquartered at the Port of Long Beach, has launched two floating barges and established partnerships with the Department of Transportation Maritime Division, the U.S. Nuclear Regulatory Commission (NRC), and the U.S. Coast Guard. The company is currently undergoing review with the NRC and the Coast Guard for certification of its floating nuclear power plant. The fresh capital will be allocated towards product development, regulatory work, nuclear fuel purchases, and hiring, with Asante identifying the supply chain as the primary challenge in meeting consumer demand. Source

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