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Reg CFTRL54.2–5.8Tier IOpen

Tidewater Marine Power

Tidewater Hull 001

A reactor built in a shipyard and towed to a berth. Shipyards have a learning curve; construction sites do not.

The reason nuclear construction costs what it does is that every plant is a bespoke first-of-a-kind built outdoors by a workforce assembled for the occasion. A floating unit is built in a shipyard by people who build ships, under cover, on a production line, then towed to site. A barge also solves seismic isolation and cooling water access simultaneously.

Mobile Bay Shipyard · Mobile, ALPre-applicationEscrow: Cadence Escrow Services
TRL 5 of 9, band 4.2 to 5.8, signed by Dr. Helena Vargas-Mbeki, PE, Nuclear; former NRC senior reactor analyst, on May 28, 2026.See the evidence it rests on

$3,215,000 committed of $5,000,000

$964,500 released · 64% subscribed

Released to the issuerCommitted, held in escrowRemaining
Minimum
$100

$25 per unit

Target coupon
6.00%

Annual, fixed

Term
4 yr
Investors
1,902

Closes December 15, 2026 · 93 days remaining

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Use of proceeds

  • 38%Hull and containment design maturation
  • 25%Seismic and marine environment qualification
  • 22%Pre-application licensing
  • 10%Team and working capital
  • 5%Offering expenses and platform fees

The issuer

Floating small modular reactors built in a shipyard and towed to a berth. Shipyard construction has a cost curve; site construction does not.

Legal name
Tidewater Marine Power, LLC
Entity
Delaware LLC
Jurisdiction
Alabama
Founded
2022

  • Beatriz SalgadoChief Executive Officer

    Naval nuclear propulsion, then commercial shipbuilding program management.