Companies focused on clean energy continue to receive significant investments. One such company, Blue Energy, has announced that it has secured a new investment. According to information shared by Blue Energy, the company raised $45 million in its Series A funding round.
The $45 million Series A funding round was co-led by Engine Ventures and At One Ventures. Other participants in the funding round included Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital.
According to Blue Energy, the new investment will be used to enhance the company’s core engineering and field operations, as well as to establish new partnerships.
Founded in 2023 by Jake Jurewicz and Matt Slotkin, Blue Energy is focused on developing nuclear power plants that provide reliable, clean, and abundant electricity. To shorten construction timelines, Blue Energy builds modular nuclear power plants in shipyards. These plants can generate energy in a way that competes with fossil fuels and renewable energy sources.
Nuclear reactor technology continues to advance every day. The biggest obstacle facing this technology is the production costs of reactors. This is where Blue Energy steps in, aiming to reduce costs in the production processes of nuclear reactors with its innovative technology.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
