CORE POWER and MIT Secure Funding for Floating Nuclear Research Project


The U.S. Department of Energy’s Nuclear Power University Program (NEUP) awarded research funds to the MIT Energy Initiative, CORE POWER, and the Idaho National Laboratory for a three-year study of the development of offshore floating nuclear power generation in the United States.

NEUP funding will enable detailed collaborative research into the economic and environmental benefits of floating peak nuclear power generation and will examine in detail all aspects of the construction, operation, maintenance and decommissioning of these facilities.

“It is an important step forward for CORE POWER to work with the world renowned MIT Energy Initiative. We believe this will help us take another step forward in bringing ground-breaking new nuclear technology to the maritime market,” said Mikal Bøe, CEO of UK-based CORE POWER.

The US Department of Energy (DOE) earlier announced plans to fund and develop regional clean hydrogen hubs (H2Hubs) across America, one of which is to be nuclear powered. Funding would come from the $1.2 billion bipartisan Infrastructure Act.

“This NEUP project will among other things look at how a nuclear powered H2Hub off the coast of the United States could set the scene and demonstrate how we are making hydrogen production safe, cheap and reliable by placing the production unit offshore,” said Boe said.

There’s a lot going on in America’s nuclear maritime space right now. Earlier this month, the DOE awarded the ABS-class company a contract to research barriers to the adoption of advanced nuclear propulsion on commercial ships.

The $800,000 research project will address the challenges of adopting new reactor technology in commercial maritime applications at a time when many companies around the world are seeking to commercialize atomic propulsion.

A report published in March by CORE POWER urged the United States to take the lead when it comes to adopting nuclear propulsion for the merchant fleet.

The United States has a long history of using nuclear power in its navy with an exemplary safety record. This has led to increased interest in the use of nuclear energy for civilian ships, especially John Kerry, US Presidential Special Envoy for the Climate.

Tony Huston, US Country Manager at CORE POWER, said, “Freight shipping on US coasts, Great Lakes and inland waterways offers a strong proof of concept for decarbonizing nuclear power without the complex regulatory hurdles. related to the movement of reactors between nation states.

The British company argued that the deployment of commercial nuclear ships would provide a whole new career path for sailors once they leave the navy. STEM-qualified students from the US university system could also be recruited.

“The United States would be in a unique position to become an exporter of transformative advanced nuclear technology for the maritime sector to trusted partner nations like the United Kingdom, enabling the United States to create a valuable export market for the technology built by highly skilled American workers. By embracing the possibilities of advanced nuclear navigation, the United States can now reinvigorate its shipbuilding and maritime industry by placing itself at the forefront of one of the world’s most important industries,” Huston said. .

CORE POWER, in collaboration with TerraPower, President of Bill Gates, Southern Company and the French atomic group Orano, is developing a modular molten salt reactor (m-MSR) to propel ships and provide reliable energy for the manufacture of synthetic green fuels from hydrogen. The first prototype reactor is expected to begin testing in 2025.

CORE POWER now enjoys the support and investment of a host of owners who together control over 2,000 ocean-going vessels.


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