Floating nuclear startup Bluecore lands $50M funding before setting sail

Startup Bluecore Energy has raised $50 million in seed funding to develop floating nuclear power plants intended to supply ports and other locations with rapidly growing energy demands. The California-based company said the Silverton Partners-led round, which includes $10 million in previously announced pre-seed funding, brought in several new investors. It plans to use the money to engineer and test its compact nuclear power system and pursue regulatory approval and maritime classification.