What's Happening?
CORE POWER has commenced a feasibility study to evaluate the integration of BWX Technologies' mPower small modular reactor (SMR) technology into floating nuclear power plants. These plants are designed to be constructed in shipyards and deployed near
areas with high energy demand. The study will explore technical, regulatory, and commercial pathways for incorporating BWXT's reactor design into these floating facilities. The mPower reactor, a Generation III+ integral pressurized water reactor, has a generating capacity of 195 megawatts of electricity per unit. The study will include systems engineering, marine integration studies, and techno-economic analysis, drawing on CORE POWER's expertise in marine systems integration and BWXT's reactor technology.
Why It's Important?
The development of floating nuclear power plants could significantly impact energy infrastructure by providing reliable power to regions with high demand or where traditional energy infrastructure is constrained. This approach could address challenges related to grid capacity, land availability, and lengthy permitting processes. The study's outcomes could influence future engineering development, regulatory engagement, and commercial strategies, potentially accelerating the deployment of maritime nuclear energy systems. This initiative positions the United States to leverage its nuclear expertise and maritime heritage in leading the market for floating nuclear power solutions.
What's Next?
The feasibility study is expected to guide future decisions regarding engineering development, regulatory engagement, and commercial structures for floating nuclear power deployment. CORE POWER aims to accelerate the design of fully modular floating nuclear power plants, addressing the growing demand for reliable electricity. The study's findings will inform potential next steps in the deployment of these systems, with a focus on commercial delivery and integration into existing energy infrastructures.
