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Blue Energy Receives Strategic Investment from Constellation to Accelerate Commercialization of Novel Shipyard Manufacturing and Project Financing Model for New Nuclear

Blue Energy Receives Strategic Investment from Constellation to Accelerate Commercialization of Novel Shipyard Manufacturing and Project Financing Model for New Nuclear

Blue Energy, a developer of financeable, prefabricated nuclear power plants, today announced a strategic equity investment from Constellation Technology Ventures, the venture arm of Constellation (Nasdaq: CEG), the nation’s largest producer of clean energy and operator of the largest fleet of nuclear power plants in the United States. The investment reflects a growing confidence in Blue Energy’s strategy to utilize shipyard manufacturing and project financing to deploy proven reactor technology that has the potential to accelerate new nuclear development making it predictable, faster and more affordable. It also marks the first investment by Constellation Technology Ventures in a U.S. nuclear developer advancing small modular…

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