Blue Castle Holdings

What Blue Castle Holdings does

Blue Castle Holdings Inc. (BCH) is a privately held energy infrastructure development company founded in 2007 and headquartered in Draper, Utah. The company is developing the Blue Castle Project, a nuclear power plant near Green River in Emery County, Utah, targeting deployment of two to four Holtec International SMR-300 pressurized water reactors with a combined capacity of 600-1,200 MW and optional Air Cooled Condenser technology suited to the arid site. BCH operates as a development-stage enterprise that conducts federal Nuclear Regulatory Commission (NRC) licensing, state-level planning, and site characterization to de-risk nuclear generation sites for utility off-takers, with revenue expected to be generated through long-term power purchase agreements (PPAs) once the facility is operational.

The company originated in 2007 to develop a nuclear generation site originally based on large AP1000 reactor designs, but progress was constrained by water rights litigation that was resolved in 2016. Across nearly two decades of pre-development work, BCH secured 53,600 acre-feet per year of water rights, Union Pacific railway access, and transmission interconnection potential at the Green River site. The project was effectively dormant until May 2026, when the company entered a joint venture with Fulcrum Point Holdings (a Hi Tech Solutions affiliate) and technology partner Holtec International, pivoting the design to SMR-300 small modular reactors—an architecture that addresses the site's water constraints and aligns with broader industry momentum behind SMR deployment.

The go-to-market centers on direct enterprise sales to investor-owned and municipal utilities in Utah and the broader Mountain West region, with PacifiCorp/Rocky Mountain Power identified as the primary off-take target. Secondary channels include engagement with the Utah Office of Energy Development under the state's Operation Gigawatt initiative, which targets a doubling of Utah energy production by 2034, and prospective behind-the-meter supply to industrial and technology-sector customers such as data centers. The company is led by a small executive team—CEO Aaron J. Tilton (cofounder, former Utah State Representative), COO Thomas P. Retson (former 23-year GE Nuclear executive with a BS in nuclear engineering from the University of Wisconsin–Madison), CFO Brad Jones (CPA, MBA from Utah State University), and SVP Energy Economics Robert B. Graber (former GE Nuclear strategist, NYU Stern MBA)—and operates with 1-10 employees as a pre-construction, pre-revenue development entity.

Name

Blue Castle Holdings

Legal name

Blue Castle Holdings Inc.

Website

https://bluecastleproject.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Blue Castle Holdings is a private Utah-based nuclear infrastructure developer building a 600-1,200 MW SMR-300 nuclear plant near Green River, Utah, under a May 2026 joint venture with Fulcrum Point Holdings and Holtec International.

Ownership category

akta.pro rank

Product category

Nuclear Power Generation Development

NAICS

Nuclear Electric Power Generation (221113), Electric Power Generation (22111)

akta.pro primary industry

Pressurized Water Reactor (PWR) Power Generation (EUACADAA)

akta.pro secondary industries

Reactor Protection, Safety Systems & Engineered Safeguards (ECCS, Containment Isolation) (EUAKADAI), Reactor Vessel, Internals & Primary Circuit Components (RPV, piping, pumps, valves) (EUAKADAE), Nuclear Plant EPC & Construction (EUAEAAAC)

Keywords

• Nuclear power development
• Small modular reactors
• Energy infrastructure
• Baseload electricity generation
• Power purchase agreements

Headquarters

HQ city

Orem

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Power Sales: Blue Castle Holdings develops nuclear power generation facilities to provide predictable, cost-competitive new base load electric power generation to electric utilities. Revenue is generated through long-term power purchase agreements (PPAs) with utilities. The company reduces developmental risk for electric utilities by handling site licensing, regulatory approval, and infrastructure development.
2. Site Development and Licensing Services: Over 19 years of groundwork to de-risk sites for nuclear power deployment, creating value for future energy development. The company conducts Federal licensing and State planning for nuclear power production facility sites, increasing regulatory reliability and financial predictability for utility partners.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Blue Castle Holdings develops the Blue Castle Nuclear Project, a planned two-unit (expandable to four units) nuclear power plant near Green River, Utah, deploying Holtec International's SMR-300 pressurized water reactors to deliver 600-1,200 MW of baseload electricity. The company conducts federal NRC licensing and State planning for the nuclear site, reducing developmental risk for electric utilities by providing predictable, cost-competitive nuclear generation capacity through long-term power purchase agreements.

Product overview

Blue Castle Holdings is developing the Blue Castle Nuclear Project, a two-unit nuclear power plant near Green River, Utah. The project utilizes Holtec International's SMR-300 Small Modular Reactor technology, which represents a shift from the originally planned large AP1000 reactors to smaller modular designs. The SMR-300 features an optional Air Cooled Condenser (ACC) system enabling operation in arid environments using minimal water. The project is part of Utah's Operation Gigawatt initiative and will be developed in partnership with Fulcrum Point Holdings and Holtec International.

Differentiator

Problem solved

Functional benefit

Products and services

• Blue Castle Nuclear Project (SMR-300 Facility) A planned two-unit (expandable to four units) nuclear power plant near Green River, Utah, deploying Holtec International's SMR-300 pressurized water reactors with optional Air Cooled Condenser (ACC) technology for arid-environment deployment. Each SMR-300 generates approximately 300 MWe, totaling 600-1,200 MW of zero-emission baseload electricity for electric utilities under long-term PPAs, with a 60-year operational life and 2,500+ construction jobs.
• Federal NRC Licensing and State Site Planning Services Comprehensive federal Nuclear Regulatory Commission (NRC) licensing and state planning services to prepare a nuclear power production site, including environmental studies, water rights procurement, regulatory engagement, and development groundwork designed to reduce developmental risk for utility off-takers. The 19-year regulatory and licensing effort has produced an extensively characterized site near Green River, Utah.

Quantifiable outcome

• Nuclear production costs of 2.3 cents per kilowatt-hour, lowest among thermal base load generation options
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core, supporting and major.

• Fulcrum Point HoldingscoreStrategic or Co-development Partner · 28 May 2026Fulcrum Point Holdings, a Hi Tech Solutions Affiliate, formed a joint venture with Blue Castle Holdings to advance the nuclear project in Green River through next stages of site development, NRC licensing, and eventual reactor deployment. Fulcrum Point brings technical, operational, and project development capabilities. Founded by Chris Hayter, owner of Hi Tech Solutions, the company develops, finances, and operates energy generation assets with focus on power projects in the Mountain West.
• Holtec InternationalcoreTechnology or Integration · 28 May 2026Holtec International provides SMR-300 small modular reactor technology and equipment for the Green River project. Holtec is a world leader in nuclear energy technology specializing in spent fuel storage, SMRs, and nuclear plant decommissioning. The SMR-300 has optionality for Air Cooled Condenser technology suitable for arid environments. With Holtec's restart of Palisades Nuclear plant in Michigan ongoing and Pioneer 1 & 2 SMRs in NRC licensing, the Utah projects support Holtec's Mountain West expansion strategy.
• Emery CountysupportingOthers · 28 May 2026Emery County, Utah is a key local government partner supporting the project. Commissioner Jordan Leonard expressed support for the project as an opportunity to continue Emery County's role as an energy leader while bringing new jobs, investment, and long-term opportunity to the county. The county has historically been an energy-producing county through coal and other industries.
• City of Green River, UtahsupportingOthers · 28 May 2026Green River City Manager Edward Castro Bennett indicated the community's support for the project, noting that southeast Utah has played a critical role in powering the state and Green River is well-positioned to remain vital in Utah's energy future. The city has been working with Blue Castle for nearly two decades on the project.
• Hi Tech SolutionsmajorStrategic or Co-development Partner · 1 November 2025Hi Tech Solutions (HTS) is a strategic partner through shared ownership interests with Fulcrum Point Holdings. HTS advances Utah's nuclear energy renaissance, drawing on experience servicing more than 80% of America's nuclear reactor fleet. Through acquisitions of Reactor Services Inc. and Nuclear Repair Services, HTS delivers integrated capabilities in engineering, precision manufacturing, and field services. The Green River project follows the same advanced nuclear deployment model as the Brigham City project announced in November 2025.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Holtec International: Blue Castle's technology partner and SMR-300 designer; also an independent nuclear developer (Palisades restart in Michigan, Pioneer SMRs in NRC licensing). Closest peer given shared SMR-300 platform and overlapping site-development activities.
• TerraPower: Bill Gates-backed advanced nuclear developer pursuing the Natrium sodium-cooled fast reactor in Kemmerer, Wyoming. Highly comparable as a developer of a novel nuclear design at a greenfield Western US site with state/policy alignment.
• UAMPS (Utah Associated Municipal Power Systems): Utah-based wholesale energy provider that pursued the Carbon Free Power Project with NuScale at Idaho National Laboratory. Closest regional peer given shared Utah utility ecosystem and SMR development focus.
• Last Energy: Developer of small modular pressurized water reactors targeted at European industrial and data center customers. Comparable in scale, business model, and target customer (data centers) as a private SMR project developer.
• X-energy: Developer of the Xe-100 high-temperature gas-cooled SMR, pursuing NRC licensing and Dow Chemical industrial offtake. Comparable as a venture-backed SMR developer targeting industrial and utility customers.
• Oklo: Developer of compact fast reactors and microreactors targeting industrial and data center customers. Comparable as a small-team, venture-backed advanced nuclear developer in the pre-licensing/early-licensing stage.
• NuScale Power: Developer of the NuScale Power Module, a small modular PWR. Most direct US-based SMR peer; competing for the same utility and data center offtake customers in the Western US and pursuing NRC design certification.

Broad incumbents

• Constellation Energy: Largest US operator of nuclear power plants and a potential offtake counterparty/competitor for new nuclear development. Broad incumbent in the same generation category Blue Castle is entering.
• Westinghouse Electric Company: Established nuclear EPC and AP1000 PWR designer with multiple Western US deployments (e.g., Vogtle). Provides the legacy PWR alternative that SMR developers like Blue Castle must compete against for utility procurement.

Regional players

• Energy Northwest: Washington-state public power joint operating agency pursuing SMR deployment (Xe-100 with X-energy). Comparable as a publicly-affiliated entity developing a Western US SMR project with utility offtake structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Castle Holdings