CORE POWER (UK) Ltd Stock

Advanced atomic technologies can be a game changer for heavy transport and industry.

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About CORE POWER (UK) Ltd Stock

CORE POWER is a UK-based development company, specializing in scalable atomic power technology for ocean transport and heavy industry. In partnership with leading international corporations, CORE POWER aims to deliver durable zero-emission energy for floating industrial production and deep-sea shipping. Advanced atomic technologies are set to create the first sustainable zero-emission energy system for ocean transportation and represents an economic opportunity worth $27 billion by 2040. It can form the start of a ‘second atomic era’, where climate change is the main driver of powerful, inexpensive, and safe new energy solutions. Over the next few decades as many as 60,000 ships must transition from combustion of fossil fuels to zero-emission propulsion. The UN’s maritime agency IMO has mandated with unanimous approval from 174 countries that shipping must reduce emissions by 50% of the 2008 total, before 2050. This means an actual emission reduction of almost 90%, by 2050. The m-MSR can achieve that goal alone, by producing green sustainable fuels for the smaller ships and powering the largest ships. Zero emissions come as standard. Advanced atomic technologies are like atomic battery packs. Small, with few moving parts, it can be a third cheaper to run than a large fossil fuelled engine. It massively reduces waste, and is fuelled-for-life, avoiding proliferation of spent fuel. Advanced atomic technologies can be inherently walk-away safe. Atomic reactors produce heat. Therefore, the coolant is the key to safety. This is the very definition of passive walk-away safety which will create a positive public opinion. Advanced atomic technologies have an economic potential which is greater than that of oil and gas. It can provide all the sustainable, clean energy we need to move us deep into the future without polluting the environment.

Funding History

December 2018$800K
January 2019$3.5M
December 2020$15.4M
October 2022$85.0M

Management

CEO & Founder

Mikal Boe

Technical Director

Giulio Gennaro

Director

Christopher Hartnoll

CFO

Nicholas Briggs

Director of Business development

Tobi Menzies

Director

Anthony Grant Huston

Director

Peter Stokes

Director

Randy Chen

Press

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