Core Power

Investor: Mitsui, Mitsubishi, Sumitomo

Core Power, a British technology company, has raised $200 million in venture capital to accelerate the development of nuclear propulsion systems for cargo ships, in partnership with the US Maritime Administration.Summary of transaction details:Value: $200 millionSector: Industrials & EnergyAdvisor: Not specifiedKey Entities: Core Power (Target), Mitsui, Mitsubishi, Sumitomo (Investors), US Maritime Administration (Partner)Location: UK-based, US-focusedNote: This transaction is driven by the need to enhance US maritime strength and compete with Chinese shipbuilding, leveraging advanced nuclear technology for commercial shipping.