Hogan Lovells advises Blue Energy on US$380 million raise for project-financeable nuclear plant

Press releases | 30 April 2026

New York, Washington, D.C. – Global law firm Hogan Lovells has advised Blue Energy, a developer of financeable, prefabricated nuclear power plants, in raising US$380 million in financing to advance its turnkey approach to nuclear plant development. Proceeds will support procurement of long-lead equipment, project development activities, and general corporate purposes.

In addition to advising Blue Energy on raising financing, the firm also advised on the contracts associated with the deal.

Blue Energy is developing prefabricated nuclear power plants designed to be compatible with leading reactor technologies and delivered on an accelerated timeline.

By unlocking project financing, Blue Energy plans to deliver on the promise of nuclear power by prefabricating modular plants offsite at existing fab yards from proven components with fixed- price contracting and reliable timelines – aiming to make nuclear power more predictable, faster and more affordable. Blue Energy could begin early site works on its first planned project in Texas in 2026, to support a final investment decision in 2027. The project is designed to deliver up to 1.5 gigawatts (GW) of affordable, reliable power to large-scale electricity customers, including artificial intelligence (AI) datacenters.

More information on the transaction can be found here.

The Hogan Lovells deal team was led by partners Matthew Schernecke (Banking & Loan Finance, New York) and Michael Bonsignore (IERP, Washington, D.C.), and senior associate Michael Basse (Banking & Loan Finance, Washington, with key support from counsel Stevan Nicholas (Banking & Loan Finance, New York) and Markley Schlegel (IERP, Washington, D.C.), D.C.), and associate Nicole Chan (General Corporate & Finance, New York).