Japan industrials boost CORE POWER to $100 million funding milestone
Japanese industrial investors including major trading houses, ship owners, ship operators and shipyard groups, have injected substantial funds in CORE POWER as part of our Series B2 financing round.
These investments have enabled CORE POWER to reach a $100 million funding milestone to fund the development of New-Nuclear for Maritime.
Press coverage has been extensive – links below:
- Japan’s Onomichi Dockyard leads $80m investment in CORE POWER
- 13 companies including Imabari Shipbuilding and Onomichi Shipbuilding invests in CORE POWER
- Japan’s Onomichi Dockyard leads $80m bet on floating nuclear plants
- Shipyards and other Japanese maritime companies invest in Core Power, cooperate on marine use of new nuclear reactors
- Floating nuclear power plants and turbines are also motivated to collaborate with Japan Corepower CEO
- Floating nuclear power plant Commercialization planned in the 30s
- Japanese invest $80m into CORE POWER
- Japanese firms invest in maritime nuclear developer Core Power
- $100m raised by UK floating nuclear power plant startup Core Power
- Japanese investment supports UK floating NPP design
- Floating Nuclear Plants / UK Startup Core Power Attracts $80 Million Investment From Japan
‘New nuclear requires a combination of dedication, resources and financial firepower. We are immensely proud to count some of the world leading maritime organisations among our investors as we move to the next stage of development of these exciting new technology solutions for ocean transportation’ says CORE POWER’s Founder and CEO Mikal Boe.
More this week:
- NEW: Synthetic Aviation Fuels – FREE TO ATTEND ONLINE EVENT: Sign up here for CORE POWER Hour #8 on nuclear-derived SAF.
- Register here for our Symposium on New Nuclear for Maritime as part of London International Shipping Week ’23 (LISW).
Cleared for take-off: CORE POWER Hour #8 to investigate SAF
The eighth CORE POWER Hour will examine Offshore Production of SAF (Sustainable Aviation Fuel) using Advanced Nuclear Technologies in its upcoming episode on 27th June.
There are both similarities and differences between the aviation and shipping sectors when it comes to their decarbonization pathways.
We show how FNPPs may offer an opportunity to the aviation industry as well as the shipping sector, by enabling the scaling up of SAF production, frequently at or close to the point of need, streamlining the logistics chain.
The CORE POWER team will present a 60-minute interactive presentation that will include four separate sections alongside panel discussion and questions and answers.
New Nuclear for Maritime Symposium @ LISW 2023
London International Shipping week is now in it’s tenth year, and with this years theme of “Reframing risk in a complex market” CORE POWER are delighted to be gold sponsors of this flagship UK shipping gathering and look forward to holding our next in-person event to coincide with LISW, in conjunction with the UK Chamber of Shipping. Some more information below;
Date: 14th September 2023
Venue: The Insurance Hall, 20-21 Aldermanbury, London EC2V 7HY (Close to underground stations: St. Pauls, Moorgate, Bank or Barbican) https://theinsurancehall.co.uk/
Time: 09:00 – 10:30 (UK Chamber of Shipping panel, featuring CORE POWER)
10:30 – 11:00 Coffee / Networking
11:00 – 13:15 CORE POWER London Symposium 2023
13:15 – 14:00 Networking lunch
The Symposium itself will centre around three sessions;
Session 1 – New Nuclear in Maritime – the economic disruptor
Session 2 – Rules & Regulations – getting ready for the ‘end game’
Session 3 – Floating New Nuclear & synthetic fuels
Join us and our panel guests in London for all the latest on New Nuclear for Maritime.
| HOTLIST: Client Program updatesThe most recent online event – CORE POWER Hour #7 – is now part of the events section in the webportal A research piece on the benefits of nuclear electric propulsion in the box trades is a very recent upload. EPRI’s Advanced Nuclear Technology Program Technical Report. By compiling numerous studies done on the MSRE, this report sheds light into application of Safety-in-Design methods and Risk Analysis for future advanced molten salt reactor designs, by retrospecting on the ORNL experiment. This report is now in the webportal library. In the design studio, work is ongoing on the concept design of a 20,000 DWT Chemical Tanker. To access these new documents or features, please either log in, or click on the link below to enquire about membership. |
Visit CORE POWER online at https://corepower.energy/
