CORE POWER has partnered with Glosten to design a floating nuclear power plant (FNPP) to be used for power in U.S. ports.
The FNPP is a barge-based system that integrates nuclear power generation, electrical grid connections, and operational support. Designed for easy transport and rapid deployment, it will produce approximately 175GWh of clean electricity annually, enabling ports to achieve zero-emission operations for ships, cranes, and vehicles.
The marine industry has experienced a massive push to decarbonize, and CORE POWER’s FNPP offers an effective and practical means to meet that demand
… said Morgan Fanberg, CEO of Glosten.
Glosten is responsible for developing the FNPP’s operational concept, regulatory pathway, and site approvals while also identifying potential supply chain networks for fabrication and installation.
Over 80% of the cost of nuclear power on land is in civil construction, with reactors and power systems accounting for less than 20%. FNPPs will be shipyard-manufactured and mass-assembled, ensuring delivery speed and low costs. Using FNPPs to power ports solves the electrification challenge and creates local energy security
… explained Mikal Bøe, CEO of CORE POWER.
Currently in the concept phase, the FNPP is being designed for a port in the Southern U.S. with a focus on safety and risk assessment.
To remind, in November, 2024, Westinghouse Electric Company and CORE POWER signed a cooperative agreement to design and develop a floating nuclear power plant (FNPP).