CORE POWER Wins Innovative Technology Award At Global Bulk Industry Event

London, November 22, 2023

CORE POWER, the global pioneer in nuclear technology for the maritime sector, has won the coveted Innovative Technology (Marine) category at the prestigious International Bulk Journal Awards in recognition of its leading role in bringing game-changing solutions to shipping.

More than 500 shipping leaders from around the world gathered for a glittering gala event to celebrate the annual IBJ Awards in London on 20 November 2023, where a CORE POWER team accepted the trophy.

A panel of judges selected CORE POWER from the shortlist of nominees, citing the company’s work to bring innovative nuclear technology to the maritime market that is backed by shipping industry investment, supported by a financially strong consortium, and by the US Department of Energy.

CORE POWER has raised US$100 million, providing the company’s share in a programme to build a prototype proof-of-concept reactor. The funding is to build the world's first molten chloride fast reactor which will change the way that nuclear power works, and with it potentially the way that maritime works by giving shipping access to a safe, emission free and incredibly energy dense source of power.

CORE POWER’s initial aim is for shipyard-manufactured floating nuclear power plants that would produce green fuels derived from hydrogen through electrolysis of desalinated seawater. They could be anchored offshore close to key bunkering ports to provide local and affordable green fuel production.

Mikal Bøe, CEO and Chairman of CORE POWER said: “We have come a very long way, and thanks to the incredible support we have had from the shipping industry we are turning our vision into reality. This award is testament to the growing acceptance that the global maritime industry needs nuclear for shipping to meet decarbonisation goals.”

About CORE POWER

CORE POWER is a US- and UK- based company formed in 2018 to build marine- appropriate reactor plants and the market for new nuclear in maritime. With over 60 key strategic shareholders from the global marine industry, and a fast-growing client base of shipyards, ship operators, trading houses and energy companies, CORE POWER is a leading provider of floating nuclear energy solutions. CORE POWER actively participates in the work required to modernize marine and nuclear regulations to pave the way for floating nuclear to take its rightful place as a key pillar of sustainable energy security and build a competitive, true -zero- emission power system for the future of global trade. To learn more about CORE POWER please visit: https://corepower.energy.

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