UK-based maritime and technology innovation company Core Power announced it has been awarded funding by the US Department of Energy (DOE) for a three-year study into the development of offshore floating nuclear power generation in the US.
Core Power said it will work on the project with the Massachusetts Institute of Technology (MIT) Energy Initiative and the Idaho National Laboratory.
The company wants to produce advanced small reactors on floating power stations that can provide local power to small grids and is also looking to develop a molten salt reactor for ship propulsion or manufacturing of blue and green hydrogen fuels.
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