CORE POWER studies floating reactors

The study will examine the technical, regulatory and commercial requirements for using the Generation III+ reactor design in floating nuclear power plants (FNPPs), which are intended to provide reliable electricity to regions facing grid constraints, limited land availability or lengthy infrastructure development timelines.

Under the initiative, CORE POWER will combine its expertise in marine systems integration, shipyard construction and commercial deployment with BWXT’s mPower reactor technology. The reactor was originally developed as an integral pressurised water SMR capable of generating 195 megawatts of electricity and 575 megawatts thermal power per unit.

FNPPs are designed to be manufactured in controlled shipyard environments before being transported to locations where power demand is high. Proponents argue that this approach could reduce construction risk, improve standardisation and accelerate deployment compared with conventional nuclear projects.

The feasibility study will include systems engineering, concept development, product requirements definition, regulatory assessments, marine integration studies and techno-economic analysis.

Mikal Bøe, chief executive officer of CORE POWER, said the project represented an important milestone in the company’s strategy to commercialise floating nuclear energy systems.

“We’re building, integrating and deploying ship-based nuclear energy systems that deliver reliable power where industry and nations need it most. We are focused on commercial delivery, from vessels and infrastructure to kilowatts consumed and industries powered,” he said.

Bøe added: “For CORE POWER, this assessment of the mPower technology is a significant step in our strategy to accelerate the design of our fully modular floating nuclear power plants.

“Electric power demand is rapidly outstripping supply. Markets that need reliable electricity cannot wait for conventional infrastructure timelines.

“The United States has the nuclear expertise, the industrial base and the maritime heritage to lead this market. CORE POWER’s role is to combine those strengths and accelerate the path from technology to product.”

The study, funded by CORE POWER, is expected to help shape future decisions on engineering requirements, regulatory engagement, commercial structures and potential deployment pathways for floating nuclear power systems.