Startup plans to rejuvenate the nuclear power industry with a new manufacturing approach

Founded by Jake Jurewicz ’14, SM ’15, Blue Energy manufactures giant pieces of nuclear reactors at shipyards and ships them on barges for final assembly, to lower costs.

NUCLEATION CAPITAL, Zach Winn|MIT News, October 22, 2026

Building a nuclear power plant is one of the world’s most complex construction projects. It requires thousands of trucks to ship parts, often to remote regions, where huge teams of skilled workers like electricians and welders come together to assemble everything over many years.

Financing such projects is difficult, in part because no one wants to risk loaning money to a project that might never generate power and revenue, whether that’s due to technical failures, the inability to recruit enough talent, or regulatory hurdles.

Stated this way, it’s no surprise the average nuclear plant costs twice as much as originally expected and faces delays of many years. Those cost overruns and delays have ground the nuclear industry to a near halt: When Georgia finally turned on its Vogtle Unit 3 reactor in 2023 (seven years late), it was the first new reactor constructed in the U.S. in over 30 years.

Blue Energy wants to make deploying nuclear power plants more like wind, solar, and gas projects. The company prefabricates huge blocks of its nuclear plants at shipyards, where workers and equipment already produce huge steel structures for the oil and gas industry every day, then ships the blocks on barges to the site of the plant for final assembly……….

Blue Energy’s prefabricated blocks weigh around 1,500 tons and are designed to be easily assembled at their destination to complete a nuclear power unit over the course of a single year. The company is further reducing barriers to financing and speeding up construction timelines by designing its early plants to run on gas initially before switching to nuclear reactors, which it hopes will generate revenue within three years from the start of construction.

The company has already gained approval from the Nuclear Regulatory Commission for its gas-to-nuclear approach and has also secured an agreement with GE Vernova Hitachi Nuclear Energy for its first project, a 2.5 gigawatt hybrid nuclear power plant in Victoria, Texas, that is scheduled to begin producing power in 2030. This September, Blue Energy submitted the first part of its application to the NRC to begin construction on its Texas project, making it just one of five companies to do so in the current nuclear development era…………………………………………………………………….

Blue Energy’s nuclear reactor will be a small modular light water reactor that has already been approved by the Nuclear Regulatory Commission and is made by GE Vernova Hitachi Nuclear Energy.

Blue Energy’s first power plant in Texas will provide 1 gigawatt of power using two GE Vernova gas turbines in 2030 and then add another 1.5 gigawatts of power from up to five small modular reactors beginning in 2032…………………………

Jurewicz believes Blue Energy’s lower prices could finally inject much-needed life into the U.S. nuclear industry.

“Despite all of the excitement around nuclear, you haven’t seen real power purchase agreements get signed because there’s a stalemate on who’s going to take the construction overrun risk,” Jurewicz says. “The government doesn’t want to take it. The construction companies don’t have the balance sheet to take it. The utilities can’t take it. Even the hyperscalers won’t take a two-or-three-times cost overrun risk. Blue Energy is introducing a fifth party to break the stalemate, which is the shipyards and fab yards, which are best positioned to take the risk because they can make things in a controlled fabrication environment, so they’ll take the risk on construction in their own yards.” https://news.mit.edu/2026/startup-rejuvenates-nuclear-power-industry-new-manufacturing-approach-1022