Blue Energy

What Blue Energy does

Blue Energy is a U.S.-headquartered nuclear power plant developer founded in 2023, with offices in Chevy Chase, Maryland and Edinburgh, Scotland. The company designs and finances prefabricated, modular nuclear power plants that are manufactured at existing fabrication yards and shipyards, barged to site, and assembled using fixed-price contracting. Its flagship deployment at the Port of Victoria, Texas combines a GE Vernova Hitachi BWRX-300 small modular reactor with two GE Vernova 7HA.02 natural gas turbines, leveraging an NRC-approved phased construction approach that allows the plant to be energized on natural gas within roughly three years before converting to nuclear steam supply. The design is reactor-agnostic and targets a 100% walk-away-safe submerged-reactor building, compressing build time to ~48 months and targeting ~$5K/kW versus $13K/kW for traditional nuclear.

Blue Energy finances, builds, owns, and operates its plants under a long-term Power Purchase Agreement (PPA) model in which offtakers (AI data centers, utilities, and large industrial customers) purchase firm, dispatchable baseload power with no upfront capital outlay. The company's anchor offtake relationship is with Crusoe, which is co-developing a 1,600-acre AI data center campus at the Port of Victoria, with gas-fired power targeted by 2028 transitioning to full nuclear by 2031. Blue Energy has additionally committed, alongside Crusoe, to support hyperscale data centers in Clark, Pampanga (Philippines) via the Department of Information and Communications Technology.

The company is venture-backed, having raised a $45M Series A in October 2024 (Engine Ventures, At One Ventures) and a $380M financing round in April 2026 led by VXI Capital, with cumulative disclosed funding of at least $425M. Other investors include Tamarack Global, Propeller, Angular Ventures, Starlight Ventures, and Nucleation Capital. Leadership spans MIT's Nuclear Science & Engineering Department, Exelon, Constellation Energy, the U.S. NRC, GE Power, Holtec, Venture Global LNG, Shell, Blackstone, and McKinsey. Strategic partners include GE Vernova (joint development and OEM access), Crusoe (AI data center demand), the Port of Victoria (1,600-acre lease option), and a Business Combination Agreement with Agrinam Acquisition Corporation signaling a potential path to public-market capital.

Name

Blue Energy

Legal name

Blue Energy

Website

https://blueenergy.co

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Blue Energy finances, builds, owns, and operates prefabricated, shipyard-manufactured nuclear power plants, selling firm, dispatchable baseload power through long-term PPAs to AI data centers, utilities, and large industrial customers. Its flagship is a 2.5 GW gas-plus-nuclear BWRX-300 plant at the Port of Victoria, Texas.

Ownership category

akta.pro rank

Product category

Nuclear Power Generation

NAICS

Nuclear Electric Power Generation (221113)

akta.pro primary industry

Nuclear Power Plant Operations & Maintenance (O&M) (EUACADAO)

akta.pro secondary industries

Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG), Nuclear Plant O&M Services (EUAEAGAC)

Keywords

• Prefabricated nuclear plants
• Small modular reactors
• Baseload power generation
• Power purchase agreements
• Gas-to-nuclear conversion

Headquarters

HQ city

Chevy Chase

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Long-term Power Purchase Agreements (PPAs): Blue Energy finances, builds, owns, and operates its power plants. Customers purchase reliable, firm, dispatchable baseload power through long-term, risk-managed Power Purchase Agreements. No upfront capital investment required from customers. Designed to be competitive with fossil fuels and renewables.
2. Project development and construction services: Blue Energy is also a project developer, providing prefabricated plant engineering, construction, and development services (including financing arrangements) as part of its turnkey nuclear plant delivery model. Revenue is enabled via the long-term PPA structure tied to operating plants.
3. Potential SPAC business combination (under negotiation): Blue Energy (described as an independent renewable energy supplier in the headline) and Agrinam Acquisition Corporation executed a Business Combination Agreement, signaling a potential path to public-market capital infusion to support future growth.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Blue Energy finances, builds, owns, and operates prefabricated, modular nuclear power plants mass-produced at existing fab yards and shipyards and barged to site. The plants use mature light water reactor technology (such as the GE Vernova Hitachi BWRX-300) combined with a NRC-approved gas-to-nuclear phased construction approach that compresses time-to-power to ~48 months. Blue Energy sells firm, dispatchable baseload electricity to utilities, hyperscalers, and large industrial customers through long-term Power Purchase Agreements (PPAs), with no upfront capital investment required from customers.

Product overview

Blue Energy offers a single unified product line built around prefabricated, shipyard-manufactured nuclear power plants, rather than a platform-plus-modules software architecture. The core offering — Prefabricated Nuclear Power Plants — is enabled by two proprietary technical pillars: (1) the Gas-to-Nuclear Conversion (natural gas bridge) approach, which has NRC topical report approval and allows turbines to be energized with natural gas while the nuclear island is separately licensed and installed, and (2) the standardized, modular plant design manufactured offsite at fab yards and shipyards using fixed-price contracting. These pillars are deployed together in the company's flagship project, the BWRX-300 SMR Plant at the Port of Victoria, Texas, executed in partnership with GE Vernova using the BWRX-300 small modular reactor and 7HA.02 gas turbines. Commercially, Blue Energy sells the output through Baseload Power Supply via long-term Power Purchase Agreements (PPAs), targeting AI datacenters and large industrial offtakers.

Differentiator

Problem solved

Functional benefit

Products and services

• Prefabricated Nuclear Power Plants (Shipyard-Built Modular SMR Plants) Blue Energy's flagship offering: financeable, turnkey nuclear power plants mass-produced at existing fab yards and shipyards, using fixed-price contracting and standardized assembly. Reactor-agnostic design compatible with leading light-water reactor technologies, with a simplified walk-away safe reactor building, true modularity, and a target build time of ~3 years versus 10+ years for traditional nuclear, at ~$5K/kW versus $13K/kW.
• Gas-to-Nuclear Conversion (Natural Gas Bridge) World's first gas-to-nuclear conversion approach, NRC-approved via Blue Energy's licensing topical report. The plant and turbine hall are energized with natural gas in three years while the nuclear island is separately licensed and installed, providing offtakers timeline certainty. Steam turbines transition from natural gas to nuclear power, compressing time-to-power to 48 months or less and unlocking project financing for the first time on a nuclear power project.
• BWRX-300 SMR Plant at Port of Victoria, Texas (with GE Vernova) The first planned Blue Energy site in Texas: a 2.5 GW gas-plus-nuclear power plant using GE Vernova Hitachi Nuclear Energy's BWRX-300 small modular reactor paired with two GE Vernova 7HA.02 gas turbines. Slot reservation agreement signed for site delivery in 2029, with gas turbines providing approximately 1 GW by 2030 before nuclear ramps to approximately 1.5 GW by 2032. Early site works planned in 2026 with a final investment decision targeted for 2027; nuclear energy is planned to power a nearby data center campus.
• Baseload Power Supply via Long-Term Power Purchase Agreements (PPAs) Blue Energy's commercial business model: no upfront capital investment required from customers. Blue Energy finances, builds, owns, and operates its power plants; customers purchase reliable firm, dispatchable baseload power through long-term, risk-managed power purchase agreements. Targets industrial customers including AI datacenters and large-scale electricity users seeking carbon-free, around-the-clock power.

Quantifiable outcome

• Targets $5K/kW cost vs $13K/kW for traditional nuclear (~62% reduction)
• +7 more outcomes

Named customers2 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered flagship and core.

• GE VernovaflagshipStrategic or Co-development Partner · 5 May 2026Strategically paired 2.5 GW nuclear + natural gas collaboration to develop the world's first gas-plus-nuclear power plant in Texas. Combines GE Vernova's BWRX-300 SMR technology and 7HA.02 gas turbines with Blue Energy's prefabrication, financing, and construction model. Slot reservation for two 7HA.02 turbines delivered in 2029. Final investment decision targeted 2027; ~1 GW gas power by 2030 and ~1.5 GW nuclear by 2032.
• Department of Information and Communications Technology (DICT) of the PhilippinescoreStrategic or Co-development Partner · 9 March 2026Joint commitment with Crusoe to build hyperscale data centers in Clark, Pampanga, integrating nuclear and renewable energy sources, alongside a proposed 'data embassy' framework. Announced during President Marcos Jr.'s working visit to New York.
• CrusoeflagshipStrategic or Co-development Partner · 30 October 2025Strategic partnership to develop a nuclear-powered AI data center campus at the Port of Victoria, Texas — world's first gas-to-nuclear conversion. Blue Energy to build up to 1.5 GW nuclear plant; Crusoe to construct the 1,600-acre AI factory campus. Power delivery by 2028 transitioning to full nuclear by 2031; targets 36-month time-to-power.
• MIT-affiliated entitiescoreOthersBlue Energy "stems from MIT's Nuclear Science & Engineering Department" and is backed by MIT-affiliated entities (per multiple press releases). Founder Jake Jurewicz holds a Masters in Nuclear Science & Engineering and dual bachelors in physics and nuclear science & engineering from MIT; multiple engineering staff and advisors are MIT-affiliated.
• Port of Victoria (Texas)flagshipStrategic or Co-development PartnerPort granted Blue Energy a lease option agreement for its proposed natural gas and advanced nuclear power generation project on Port property. The Port also plans to use brackish groundwater for industrial projects. The site supports Blue Energy's 1,600-acre flagship Texas campus and 1.5 GW (and 2.5 GW with GE Vernova) gas-plus-nuclear plant.
• Advisors: Jon Gribble (EVP Water at Kiewit), Lisa Wood (Former Executive Director at Institute for Electric Innovation), Martin Travers (Former Executive Director Black & Veatch), John Raymont (Founder of Kurion), Dr. Lara Pierpoint (Managing Director at Trellis Climate), Ken Petersen (Former VP of Nuclear Fuels at Exelon), Prof. Jacopo Buongiorno (Professor of Nuclear Engineering at MIT), Tim Hanley (Former COO of Nuclear Fleet at Constellation)coreOthersIndustry advisory board providing strategic guidance across construction (Kiewit), electric utility innovation (IEI), EPC (Black & Veatch), nuclear waste (Kurion), climate policy (Trellis Climate), nuclear fuels (Exelon), nuclear engineering (MIT), and nuclear fleet operations (Constellation).
• Existing fab yards and shipyards (LNG-style construction supply chain)flagshipStrategic or Co-development PartnerBlue Energy's core manufacturing model uses existing fabrication yards and shipyards (analogous to LNG terminal construction) to prefabricate nuclear plant modules, which are then barged to site. Partners shown on the Blue Energy homepage as "Our Partners."

Scale indicators17 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• X-energy: Developer of the Xe-100 high-temperature gas-cooled SMR and TRISO-X fuel, targeting advanced reactor deployment for data centers and industrial customers. Comparable to Blue Energy as a next-generation nuclear developer pursuing project finance and direct-offtake models for AI/industrial baseload.
• TerraPower: Bill Gates-backed advanced nuclear developer building the Natrium sodium-cooled fast reactor with GE Hitachi. Comparable to Blue Energy in developing a novel reactor design with major OEM partnership and targeting industrial/data center baseload supply.
• NuScale Power: Only publicly listed SMR developer with NRC-certified small modular reactor design (NuScale Power Module). Comparable to Blue Energy as an SMR-based nuclear plant developer pursuing offtake agreements with utilities and industrial customers.
• Last Energy: Developer of modular microreactors (~20 MWe) targeting European data center and industrial customers with a private-financed, factory-built model. Comparable to Blue Energy in pursuing prefabricated, project-financed nuclear with direct enterprise offtake.
• Oklo: Public advanced nuclear developer (NYSE: OKLO) building Aurora fast microreactors with a power-as-a-service sales model. Comparable to Blue Energy in selling long-term firm power to end customers rather than selling reactors.
• Kairos Power: Developer of the fluoride salt-cooled high-temperature reactor (KP-FHR) with an NRC-construction-permitted Hermes test reactor in Oak Ridge. Comparable to Blue Energy as a privately funded next-gen nuclear developer actively engaging NRC and pursuing commercial offtake.
• Holtec International: Nuclear technology and equipment vendor developing the SMR-160 LWR and operating Palisades restart. Comparable to Blue Energy in advancing SMR deployment for industrial customers and sharing several ex-Holtec personnel (e.g., Lee Laurendeau).
• Rolls-Royce SMR: UK-based consortium developing a 470 MWe factory-built SMR with standardized, factory-manufactured modules. Comparable to Blue Energy's modular, offsite-fabrication approach and shared presence in the Oxfordshire 'Nuclear Valley' cluster.

Broad incumbents

• Westinghouse Electric Company: Incumbent nuclear OEM with the AP1000 large reactor and an eVinci microreactor in development. Comparable to Blue Energy as a reactor vendor and broader nuclear-industry counterparty, though focused on conventional large reactors rather than SMR/prefab.
• Constellation Energy: Largest US nuclear operator and a hyperscaler power supplier (Microsoft PPA). Comparable to Blue Energy as both a potential offtake counterparty/competitor for firm clean power and a source of senior talent (e.g., Tim Hanley, Andy Kiss).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Blue_Energy_Co
• LinkedInlinkedin.com/company/blue-energy-co

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds4 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blue Energy