SMRTR Science & EngineeringOct 21, 2024Interesting Engineering

World-1st nuclear reactor-powered ‘civilian’ ship to raise half-a-billion dollars

SMRTR summary

CORE POWER, a UK-based startup, is close to raising $500 million to develop nuclear-powered cargo ships and floating nuclear plants. The company aims to create commercially insurable reactors for widespread maritime adoption, potentially revolutionizing shipping with zero-emission propulsion and generating $2.6 billion in floating nuclear power by 2060.

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