- CORE POWER Nears $500M Milestone: The UK-based nuclear propulsion startup will soon complete a $500 million funding round, advancing their maritime nuclear technology to the next phase.
- World’s First ‘Civil’ Maritime Nuclear Program: CORE POWER aims to develop the world’s first maritime ‘civil’ nuclear program, running large cargo ships on nuclear energy for zero-emission, efficient propulsion.
- Floating Nuclear Power Plants: Plans to build floating nuclear plants for flexible power supply, contributing to clean energy initiatives like green hydrogen production and water desalination.
UK-based startup CORE POWER is close to achieving its $500 million funding milestone, which will enable the company to advance its groundbreaking maritime nuclear propulsion technology. The company aims to create the world’s first civil maritime nuclear program within the OECD, using advanced nuclear reactors to power large cargo ships, enhancing efficiency and delivering true zero-emission propulsion.
CORE POWER also plans to build floating nuclear power plants, which can provide power, heating, cooling, and even electric vehicle charging while being centrally manufactured and relocated as needed. These plants can help meet urgent energy demands, support green hydrogen production, and produce freshwater without causing environmental pollution.
With its advanced nuclear reactors designed for commercial insurance approval, CORE POWER hopes to make zero-emission maritime propulsion a reality, enhancing cargo capacity, operational duration, and sustainability in global maritime trade.
