CORE POWER launches Liberty maritime civil nuclear program

CORE POWER is proud to announce that it will develop a US-anchored maritime civil nuclear program that will bring floating nuclear power to market by the mid-2030s.

The program, titled Liberty, will lay the foundation for the use of nuclear power in the civil maritime sector. It will encompass modular construction of advanced fission technology and create the regulatory and supply chain frameworks necessary to enable this technology to be rolled out worldwide.

CORE POWER CEO Mikal Bøe laid out the company’s transformative vision in his keynote presentation at CORE POWER’s summit in Houston, TX, which took place on 12th February. Over 230 delegates were in attendance to hear a wide variety of speakers explore the many possible uses of nuclear power in the maritime sector.

“The Liberty program will unlock a floating power market worth $2.6tn, and shipyard construction of nuclear will deliver on time and on budget,” Bøe said. “Given that 65% of economic activity takes place on the coast, this will allow nuclear to reach new markets.”

The first part of the Liberty program will see the mass production of floating nuclear power plants (FNPPs). The expertise gained in rolling out FNPPs on a large scale will pave the way for the second part of the program, which involves developing nuclear propulsion for civil ships. Mass production is possible because the Liberty program will employ advanced nuclear technologies.

The program’s name emphasises the US-anchored nature of the program, which will leverage the country’s globally respected nuclear regulatory frameworks to make worldwide operation of FNPPs and nuclear-powered ships a reality.

“CORE POWER’s Liberty program will deliver resilient energy security for heavy industry and ocean transport,” Bøe said. “In doing so, it will revolutionise the maritime sector and transform global trade.”

Read more about the program here.