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Stock impact report

Blue Energy raises $380M to build grid-scale nuclear reactors in shipyards [TechCrunch]

Venture Global, Inc. Class A common stock (VG) 
Last venture global, inc. class a common stock earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vonage.com
Company Research Source: TechCrunch
After the two most recent reactors built in the U.S. went over budget and past schedule, they aren't keen to repeat the past. But Jake Jurewicz, co-founder and CEO startup Blue Energy, believes the answer to faster, cheaper buildouts can actually be found in the industry's early history. Blue Energy wants to build nuclear reactors in shipyards because these locations can handle large amounts of steel and can be easily shipped to the project site once completed. “The nuclear power technology that is most common — light water reactors — was originally invented for nuclear submarines,” Jurewicz told TechCrunch. “There has actually always been a history of basically pre-fabbing it and looking at it in a shipyard context.” To kickstart development on its first power plant — a 1.5 gigawatt project slated to begin construction later this year in Texas — Blue Energy has raised $380 million in financing split between equity and debt. The round was led by VXI Capital with participation Show less Read more
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