Core Power Maps Effort for Nuclear Power Barges Leading to Commercial Ships

Core Power, a startup focused on maritime advancements, aims to revolutionize the industry with floating nuclear power plants (FNPPs). The company has launched a U.S.-anchored maritime initiative called Liberty, named after the mass-produced World War II Liberty ships. This program seeks to harness advanced nuclear technology to power merchant shipping and enhance local energy supplies.

Partnerships and Development Plans

Recently, Core Power announced a partnership with Glosten, a firm specializing in naval architecture and marine engineering. Together, they will design floating nuclear power plants that can be installed at U.S. ports. Glosten’s team is concentrating on various aspects of the project, including the operational concept, regulatory pathways, site location approvals, and identifying suppliers for the fabrication and installation of the barges. These floating plants are expected to generate approximately 175 GWh of power annually.

During a presentation in Houston, Core Power’s CEO, Mikal Bøe, elaborated on the Liberty program’s two-part vision. The first phase involves mass production of FNPPs, which will provide valuable experience for the second phase: developing nuclear propulsion systems for merchant vessels. Bøe emphasized that the Liberty program could unlock a $2.6 trillion floating power market, with shipyard construction of nuclear facilities completed on time and within budget.

Core Power plans to open the order book for FNPPs in 2028, aiming for full commercialization by the mid-2030s. Bøe envisions a modular production line for the power barges, utilizing advanced nuclear technologies like molten salt reactors. These technologies are designed to be inherently safe, eliminating the need for large facilities and extensive exclusion zones.

CORE POWER announces US-anchored maritime civil nuclear program

The floating concept allows for the barges to be relocated to various ports and coastal areas, enhancing local power capacity. Larger generation units will be stationed further offshore, while a central shipyard will handle commissioning, maintenance, refueling, and waste management. This streamlined approach simplifies site selection and reduces preparation requirements. Core Power is also committed to establishing a framework for licensing, insurance, and export control to support the initiative.

As the program progresses, Core Power plans to develop its supply chain and workforce while exploring international opportunities. This initiative aims to lay the groundwork for nuclear-powered commercial vessels, further expanding the applications of this innovative technology. Last November, Core Power announced its collaboration with Westinghouse, a leader in nuclear power, to focus on reactor designs for the barges. Other companies, such as Samsung Heavy Industries and Seaborg, are also exploring floating nuclear power plants, targeting remote areas and developing countries with their next-generation technologies.