CORE POWER, has announced that it will develop a US-anchored maritime civil nuclear program that will bring floating nuclear power to market by the mid-2030s.
The program, titled Liberty, aims to encompass modular construction of fission technology and create the regulatory and supply chain frameworks necessary to enable this technology to be rolled out worldwide. The first part of the Liberty program will see the mass production of floating nuclear power plants (FNPPs).
FNPPs will be produced in shipyards on a modular production line, making use of well-established shipbuilding processes and leveraging an already-skilled workforce. In addition, they will be manufactured as power barges that can be moored at ports and coastal locations, as well as larger-capacity generation units anchored further offshore.
Furthermore, the second phase will focus on developing the supply chain and workforce. The third phase will see the development of business operations models and creating the manufacturing base.
At the same time, CORE POWER will aid the development of international safety and security standards by working together with the International Maritime Organization and International Atomic Energy Authority to create a civil liability convention for nuclear-powered ships.
The Liberty program will unlock a floating power market worth $2.6tn, and shipyard construction of nuclear will deliver on time and on budget. Given that 65% of economic activity takes place on the coast, this will allow nuclear to reach new markets.
…said Mikal Bøe, CEO, CORE POWER.
To remind, recently, ABS Chairman and CEO Christopher J. Wiernicki, highlighted that achieving net zero by 2050 is not possible without nuclear energy.
