Scorpio Tankers Partners with AMPERA for Nuclear Power Investment
Scorpio Tankers Inc. has committed $10 million to AMPERA, Inc. for the development of micronuclear power solutions in maritime applications. This partnership aims to enhance clean energy deployment in the shipping industry, addressing energy supply needs for vessels and coastal infrastructure.
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Scorpio Tankers Inc. will invest $10 million in AMPERA, Inc. to advance nuclear-powered maritime energy systems, focusing on floating power barges initially and extending to nuclear vessels later. Scorpio Tankers will act as the market lead, contributing expertise in marine engineering and regulatory compliance, while AMPERA will provide its micro-nuclear reactor technology.
This collaboration aims to address energy supply for offshore and remote operations and enhance port infrastructure. Financially, Scorpio Tankers holds a market cap of $3.49 billion and has reported a 104% growth in shares over the past year. Recent adjustments by BofA Securities reflect a positive earnings outlook, alongside agreements to sell two MR product tankers for $70 million, indicating a significant strategic pivot.
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