Floating Nuclear Power Plants
Nuclear energy has traditionally sought economies of scale through massive constructions. This approach, however, has led to high complexity, limited production series, frequent cost and schedule overruns, and dependence on state funding. However, about 80% of construction costs are ‘non-nuclear’, including site preparation, civil construction, and financing.At CORE POWER, we believe there’s a better way to scale nuclear energy. Our new paradigm emphasises scaling through serialisation, which involves mass production of entire power plants, not just reactors.
Floating Electric Power
FNPPs represent a game-changing approach to nuclear energy deployment. These innovative power plants can be centrally manufactured and easily transported to operation sites, combining advanced nuclear technology with shipyard efficiency.The key advantages of FNPPs are numerous. They offer flexible power supply, providing clean electricity for local grids, heating, cooling, and EV charging. Their offshore nature enhances safety, granting immunity from earthquakes, tsunamis, and volcanoes. FNPPs also allow for rapid deployment, enabling faster implementation to meet urgent energy needs. This swift deployment is crucial in supporting countries’ efforts to achieve their decarbonisation goals.
Powering Offshore Production
FNPPs aren’t just about electricity generation; they’re powering the future of sustainable industry. A prime example is green hydrogen production. The sea provides an ideal environment for this process, offering an unlimited water supply, efficient cooling, and the ability to create scalable installations. This green hydrogen has vital applications in developing zero-carbon transportation fuels and green steel production.Advanced nuclear reactors are set to revolutionise industrial processes by providing 100% clean energy and industrial heat. This innovation has the potential to transform value chains for traditionally land-based processes, opening up new possibilities for sustainable manufacturing and production.
As the world faces increasing water stress, our floating desalination plants offer a sustainable solution. These plants operate continuously, producing freshwater 24/7 without environmental pollution. Their mobility allows for relocation along coastlines to meet changing needs, while their offshore position grants immunity to tsunamis and earthquakes. Crucially, these plants operate without reliance on fossil fuels, embodying true sustainability in water production.
- Want to learn more about floating nuclear electricity production? Read our report, Floating Nuclear Power Plants: Sailing Towards a New Era of Clean, Reliable Energy Production.
- Interested in reading more about floating nuclear-powered production of green ammonia? Check out our report, The New Alchemy: Affordable Green Fuel from Water and Air.
