Bluecore Energy Secures Uranium for Floating Nuclear Reactor

Fuel Procurement Marks New Milestone

According to a report by Marine Insight, US startup Bluecore Energy has purchased low-enriched uranium hexafluoride (UF₆), enriched to 4.95% uranium-235, from nuclear fuel intermediary WMC. The material is being held at a commercial nuclear fuel facility outside California as the company works toward fuel fabrication, testing and validation of its first maritime reactor system.

The purchase comes less than three months after Bluecore Energy emerged from stealth mode and follows a recently announced $50 million seed financing round. Founder and CEO Kofi Asante said the company is moving quickly but pairing that pace with rigor across “fuel, testing, engineering, safety, regulation and maritime classification” simultaneously.

Regulatory and Classification Progress

Bluecore Energy began pre-application engagement with the US Nuclear Regulatory Commission in August, presenting a conceptual design overview and discussing regulatory strategy. The US Coast Guard also took part in that meeting, following a memorandum of understanding signed by the NRC and Coast Guard establishing a coordination framework for civilian maritime nuclear projects.

Megan Moyette, the company’s Licensing & Safety Lead and a 13-year US Navy nuclear submarine officer, said access to expertise and infrastructure at what the company describes as the largest commercial nuclear fuel facility in the US supports a rigorous approach to this phase of development.

In June 2026, Bluecore Energy received an Approval in Principle (AIP) from the American Bureau of Shipping for its floating nuclear power plant design, which the company describes as the first ABS AIP granted to a US-designed floating nuclear power plant. The AIP established an Approval Road Map outlining technical requirements for subsequent design stages.