CORE POWER (UK) Ltd Secures £500 Million in Series B Funding to Revolutionize Marine and Industrial Energy Sector with New Nuclear Technologies

In a monumental leap towards sustainable maritime energy, CORE POWER (UK) Ltd has successfully raised £500 million to advance its cutting-edge nuclear technologies tailored for ocean transport and heavy industry. As an innovative leader in the field, CORE POWER is partnering with top international corporations to create Floating Nuclear Power Plants (FNPP) and nuclear-powered vessels, redefining the future of shipping. Amid increasing pressure to reduce carbon emissions, the International Maritime Organization (IMO) has mandated a nearly 90% reduction in emissions by 2050, paving the way for revolutionary advancements in energy sources. The funds raised will be directed towards the development of scalable zero-emission propulsion systems, facilitating the necessary transition of up to 60,000 ships away from fossil fuels. CORE POWER’s vision is to champion a new era of green sustainable fuels for smaller vessels while directly powering the largest ships with robust nuclear energy solutions. This strategic investment not only highlights the potential for new nuclear technologies to reshape the maritime landscape but also underscores their vast economic implications, potentially surpassing those of traditional oil and gas industries. By prioritizing zero emissions as the standard for maritime operations, CORE POWER is committed to leading the charge in delivering clean, sustainable energy, ensuring a cleaner future for our oceans and planet. As the company embarks on this ambitious journey, it invites stakeholders and the community to join in the effort to revolutionize shipping and combat climate change head-on.