Bluecore Energy, a Long Beach, California startup, announced the acquisition of uranium hexafluoride enriched to 4.95% uranium‑235 from fuel intermediary WMC, a step taken after the company raised $50 million in seed financing last month.

The enriched material is being stored at a U.S. nuclear fuel facility outside California while Bluecore prepares to convert it into uranium dioxide, fabricate fuel pellets, and conduct subsequent testing and validation.

Bluecore’s floating nuclear power system is intended to generate electricity for ports and other high‑demand maritime infrastructure without relying on land‑based nuclear plants.

The company received an Approval in Principle from the American Bureau of Shipping for its floating plant design, which outlines a technical roadmap but does not grant commercial operating permission.

Regulatory engagement is ongoing; Bluecore began pre‑application discussions with the U.S. Nuclear Regulatory Commission in August and has involved the U.S. Coast Guard in coordinating civilian maritime nuclear projects.

The firm is still developing its first non‑fueled reactor module prototype at its Port of Long Beach facility and has not announced a commercial operating date for the system.

Bluecore has raised a total of $60 million to date, including a $10 million pre‑seed round, supporting its overall development program.

Future deployment plans envision floating platforms positioned near ports or offshore, delivering power via subsea cables to customers such as data centers and coastal infrastructure.