Blue Energy
Blue Energy is a Washington, DC-based nuclear energy company on a mission to make nuclear power plants buildable and financeable at scale - without relying on scientific breakthroughs or new legislation. The company's core innovation is an assembly-line approach to nuclear plant construction: plants are designed from the ground up for prefabrication in controlled factory settings, then transported as large prefabricated "megablocks" via barge (enabling larger modules than road or rail can support), and assembled at the site in under a year. This "factory-built" deployment model targets a cost of ~$5k/kW - compared to the $15k/kW of traditional on-site construction - and a time to first power of just 3 years, versus the industry norm of 10-15 years. The company is also pioneering a "Gas-Plus-Nuclear" hybrid deployment model, using natural gas as a bridge to bring plants online faster while nuclear capacity ramps.
Blue Energy's approach is notable because it sidesteps the root cause of nuclear's stagnation: unpredictable costs and timelines make new plants nearly impossible to finance. By treating nuclear plants like repeatable industrial infrastructure - akin to manufacturing aircraft or offshore platforms - Blue Energy believes it can unlock project finance for nuclear for the first time, making plants not just buildable but "buyable." The company is collaborating with Crusoe Energy to build a nuclear-powered data center, and has partnered with GE Vernova to accelerate its Gas-Plus-Nuclear approach for American communities and AI data center power demands.
For the US energy supply chain, Blue Energy represents a potentially transformative development in nuclear equipment manufacturing. If its factory-built, barge-delivered model proves out, it could create a replicable, scalable domestic nuclear supply chain - shifting the bottleneck from bespoke on-site construction to standardized factory production. The company achieved a key U.S. NRC licensing milestone in January 2026 and in April 2026 raised $380M to build what it calls the world's first project-financeable nuclear plant, signaling growing institutional confidence in its model.
Funding
Series A: $45M raised in October 2024 (seed/early-stage round to build SMRs and prove commercial viability). Major funding round: $380M raised in April 2026 to build the world's first project-financeable nuclear plant. Total raised approximately $425M+.
Investors
- Engine Ventures (Michael Kearney, Board Member)
- At One Ventures (Tom Chi, Board Member)
- VXI Capital (Orin Hoffman, Board Member)
Key People
- Jake Jurewicz, CEO & Co-Founder (MIT nuclear science & engineering; previously co-founded Entropy Power; Exelon corporate strategy)
- Matt Slotkin, Co-Founder (previously co-founded Vowel, acquired by Zapier; led tech at Bridgewater Associates)
- Tom O'Neill, Chief Commercial Officer & Corporate Counsel (25 years at Exelon; partner at Jenner & Block)
- Cody Jacobucci, Chief of Staff & Founding Engineer (previously SpaceX, Aurora Flight Sciences, Boeing)
- Steve Bolze, Independent Board Member (former President & CEO of GE Power & Water; Executive Advisor to Blackstone)
- Tom Chi, Board Member (Founding Partner, At One Ventures; founding member of Google X)
- Michael Kearney, Board Member (General Partner, Engine Ventures)
News
- Blue Energy and GE Vernova Accelerate Gas-Plus-Nuclear Approach for Powering American Communities and Fueling Global AI Leadership
- Blue Energy Raises $380M to Build World's First Project-Financeable Nuclear Plant
- Blue Energy Achieves Key U.S. NRC Licensing Milestone, Paving the Way for Power in 48 Months or Less with Natural Gas Bridge
- Startup builds nuclear power plants with new method that reduces cost and time
- Blue Energy raises $45 million to build SMRs underwater