CORE POWER CEO Mikal Bøe spoke to MPs and members of the House of Lords in Westminster on Monday about the pressing need for the UK to adopt a maritime civil nuclear program.
The occasion was the launch of a report co-authored by CORE POWER, global marine insurer NorthStandard and maritime professional services provider Lloyds Register.
Titled Advanced Maritime Nuclear: A unique opportunity for the UK, the report sets out a policy framework for the British Government to support the deployment of advanced small nuclear reactors on commercial ships and floating nuclear power plants.
“We’re very proud of having contributed to this important report,” said Bøe at the launch event, which took place at the Houses of Parliament.
The announcement follows hard on the heels of CORE POWER’s successful launch in Houston on 12 February of its Liberty maritime civil nuclear program.
“The UK must come off the fence and must align with France and the US to make nuclear for maritime a Western-led alliance. Only then can we ensure that the highest standards of safety, security and safeguards will be met and exceeded, building that crucial trust with the public that we need,” Bøe said.
Download the report here.
Read on for a quick summary of this week’s news or click on the links below for details.
New Nuclear in the News
- AI boom sparks USD1.5bn in investment
- Japan launches maritime nuclear research committee
- Pro-nuclear CDU wins German election
| SMR developers attract $1.5bn in investment |
| Developers of small nuclear reactors have raised a combined total of $1.5bn in funding over the past 12 months as technology companies have forged energy supply deals, according to the Financial Times. The increase in artificial intelligence (AI) technologies and the resulting rise in power use has caused companies such as Amazon and Google to seek reliable supplies of abundant clean energy. US developer X-energy secured $700m and is planning to partner with Amazon. Meanwhile, Italian developer Newcleo raised $151m, and Oklo, NuScale and Nano Nuclear raised more than $700m combined. Google has also secured a supply deal with Kairos Power. |
| More details here. |
| Maritime nuclear research committee launched in Japan |
| Japan has launched a committee to review research on the use of nuclear power in the maritime sector. The Review Committee of Nuclear Energy Utilization in Maritime Industries will operate for two years and end its work in November 2026. Experts from various fields will analyse the technical, economic, and social challenges of maritime nuclear while reviewing domestic and international case studies. Key research themes will include assessing the current state of nuclear use in the maritime sector, both domestically and internationally; evaluating technical challenges, public acceptance, and economic viability; and conducting a comprehensive analysis of the impacts and challenges posed by nuclear energy use. More on the story here. |
| Pro-nuclear party wins Germany’s general election |
| The winners of the German general election, the centre-right Christian Democratic Union (CDU) party, look poised to usher in a revival of nuclear power in the country Germany exited nuclear power in 2011 after the accident at Japan’s Fukushima plant, shutting down the final German nuclear facility in 2023. However, the win for CDU leader Friedrich Merz is likely to reverse the decision in line with its manifesto promise, and echoing increased sentiment among the German electorate for a return to nuclear power. The CDU will need to form a coalition before Merz can be formally elected Chancellor. Read more here. |
CONVOY is CORE POWER’s new corporate executive program, designed for companies wanting the most up-to-date information on nuclear energy in the maritime sector.
CONVOY enables participants to tap into CORE POWER’s cutting-edge knowledge and expertise. On completion, maritime sector companies will know all they need to know about the transition to nuclear and how to implement it. They will know how nuclear power can be used, how it can benefit their operations, and how to navigate the nuclear regulatory environment.
New this week for CONVOY 2025 members: access Probabilistic Reliability Assessment (PRA) resources, including a tutorial from the US Nuclear Regulatory Commission on consequence calculations and an overview of Nuclear Energy Institute documents on how PRA is used to develop Licensing Basis Events and the Safety Analysis Report.
Up to 10 company employees can be enrolled in the program, who on completion will be experts on all aspects of the deployment of advanced nuclear technologies for ports and coastal industrial users, as well as the wider maritime sector.
The 2025 CONVOY curriculum begins in April and lasts for eight months. Enrolment is open now – for more information, and to receive your membership pack, email tobi.menzies@corepower.energy, call +44 (0)20 4511 0405 or click the button below to register your interest.
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