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Bangkok Post
Bangkok Post
World

Japan firms invest $72m in floating nuclear plant project

The Atomic Bomb Dome at the Hiroshima Peace Memorial Park ahead of the Group of Seven (G-7) leaders summit in Hiroshima, Japan, on May 18, 2023. (Photo: Bloomberg)

TOKYO: About a dozen Japanese companies, including major shipbuilders, have invested a total of about 10 billion yen (US$72 million) in a British start-up developing floating offshore nuclear power plants, sources familiar with the matter said Wednesday.

Onomichi Dockyard Co and Imabari Shipbuilding Co are among the companies that provided funds to Core Power Ltd, which has been working on the project along with TerraPower LLC, an American venture founded by Microsoft Corp founder Bill Gates, the sources said.

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