Blue Energy Raises $380 Million to Build Nukes for Data Centers

The startup Blue Energy Global Inc. raised $380 million to develop small, prefabricated nuclear reactors to run data centers.

The funding round was led by VXI Capital and included investments from Engine Ventures and Tamarack Global, according to a statement Tuesday. Among other things, the Chevy Chase, Maryland-based company will use the proceeds to pay for equipment that needs to be ordered long in advance.