The U.S. Department of Energy’s Nuclear Energy University Program (NEUP) has granted research funds to the MIT Energy Initiative, CORE POWER, and the Idaho National Laboratory for a three-year study into the development of offshore floating nuclear power generation in the US.
The NEUP funding will allow detailed collaborative research into the economic and environmental benefits of floating advanced nuclear power generation and take a granular look at all aspects of building, operating, maintaining, and decommissioning such facilities.
It is an important step forward for CORE POWER to be working with the world-renowned MIT Energy Initiative. We believe this will help us take the next step in bringing ground-breaking new nuclear technology to the maritime market
said Mikal Bøe, Chairman and CEO of UK-based Core Power.
The U.S. Department of Energy (DOE) earlier announced its intention to fund and develop regional clean hydrogen hubs (H2Hubs) across America, one of which must be powered by nuclear.
Funding would come from the $1.2-trillion Bipartisan Infrastructure Law. The hydrogen hub program is an $8-billion program to bring together stakeholders to help drive down the cost of advanced hydrogen production, transport, storage, and utilization across multiple sectors in the economy.
In 2021, the DOE also launched the Hydrogen Shot to cut the cost of clean hydrogen to $1 per 1 kilogram of clean hydrogen in 1 decade, nicknamed ‘1-1-1’.
