Blue Energy Raises $380M to Build World’s First Project-Financeable Nuclear Plant

Blue Energy, designing power plants that can be mass-produced, led by Jake Jurewicz and the team, has raised $380 million in financing led by VXI Capital with significant backing from Engine Ventures and participation from other existing investors, including At One Ventures and Tamarack Global. Proceeds will support procurement of long-lead equipment, project development activities, and general corporate purposes.

Blue Energy is developing prefabricated nuclear power plants compatible with leading reactor technologies, targeting delivery timelines as short as 48 months. Traditional bespoke construction has led to delays, cost overruns, and financing uncertainty, limiting private investment and increasing reliance on public funding.

A centralized, manufacturing-led approach, focused on advanced production, skilled labor, and predictable schedules, aims to reduce construction risk and enable more scalable nuclear deployment.

“This funding advances the goal of making nuclear energy more deployable, predictable, and financeable,” said Jake Jurewicz. “A standardized, prefabricated approach is designed to reduce risk, lower costs, and shorten timelines, unlocking private capital and enabling nuclear to scale competitively.”

By unlocking project financing, Blue Energy aims to deliver modular nuclear plants through off-site prefabrication using proven components, fixed-price contracts, and predictable timelines, making deployment faster, more reliable, and more affordable.

Construction of the first project is expected to begin in Texas in Q3 2026, with plans to deliver up to 1.5 GW of power to large-scale customers, including AI data centers.

“Blue Energy is unlocking one of the largest underutilized energy resources, nuclear power,” said Orin Hoffman, Managing Director at VXI Capital and Board Director at Blue Energy. “By delivering abundant, affordable power, the company is well-positioned to meet rising demand from data centers and advanced manufacturing. This investment reflects confidence in its ability to pioneer project-financed nuclear and reshape the industry’s next era.”

“The team has made significant progress in addressing one of nuclear’s core challenges, the cost structure required for project financing,” said Michael Kearney, General Partner at Engine Ventures. “A manufacturing-led development approach positions nuclear to move down the cost curve and scale more rapidly to meet rising demand.”

The U.S. Nuclear Regulatory Commission has approved Blue Energy’s approach to resequencing nuclear plant construction, allowing turbines to be initially powered by natural gas before transitioning to nuclear. This milestone sets a new precedent for phased construction and marks a significant step forward for regulatory innovation in the United States.