UK-based CORE POWER is seeking to commercialise the use of Molten Salt Reactors (MSR) as an alternative, zero carbon fuel source for shipping.
A team of leading nuclear innovation corporations including Southern Company, TerraPower and CORE POWER, has secured cost-share funding from the US Department of Energy to develop the first proof-of-concept MSR in the US by 2025.
“We have ramped up our activities in the United States significantly during the last year and we have decided it’s time to establish a permanent presence in this market, commented Mikal Bøe, Chairman and CEO of CORE POWER.
"CORE POWER is building a market for the MSR in global shipping, so our engagement with the US Government, the energy industry and key regulatory agencies here, means our decision to make Washington DC our home in the US is a natural choice".
To learn more about CORE POWER and the regulatory challenges the MSR could face listen to The Maritime Podcast In Conversation with Mikal Bøe
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