Japan's Onomichi Dockyard leads $80m bet on floating nuclear plants

U.K. startup seeking know-how in modular reactor tech attracts investments

U.K.-based Core Power is developing a floating nuclear power plant, with Japanese companies investing in the project as they search for knowhow in the field. (Photo courtesy of the company)

AKIHIRO OTA, Nikkei staff writer

May 23, 2023 18:00 JST

Updated on May 23, 2023 18:35 JST

TOKYO -- Japanese companies will participate in a project led by British startup Core Power to develop a floating nuclear power plant. About 13 companies, including Onomichi Dockyard and Imabari Shipbuilding, have invested about $80 million in project, Nikkei has learned.