CORE POWER is very pleased to announce that Jerald S Paul, RADM (Ret), USMS, has joined the company’s advisory board.
Paul is an engineer, attorney, former college president and former governmental official serving at the federal, state and local levels. He served as a senior official at the US Department of Energy and at the National Nuclear Security Administration, serving as chief operating officer.
Paul is a former US Coast Guard licensed marine engineer and served in the US Merchant Marine and Navy Reserve. He recently retired as President of Maine Maritime Academy and has been an active proponent and leader on global maritime decarbonization including deployment of mobile nuclear energy technology.
You can find out more about Paul’s distinguished career here. He is also speaking at our London event next month – scroll down for details.
Second CONVOY event set for 18 June
We’re all set for the next event in the 2025 CONVOY program, which will examine the topic Business Models.
This session will contain overviews of likely deployment scenarios for floating nuclear power plants and nuclear-propelled ships.
A Total Cost of Ownership model for nuclear-propelled ships will be presented, as well as new research from the CORE POWER Analytics team relating to developments since April’s meeting of the International Maritime Organization’s Marine Environment Protection Committee, where it was agreed to introduce a greenhouse gas levy.
The session will also cover some of the use cases for floating nuclear assets and look at port calls and port operations, as well as exploring how refuelling and waste management operations will be managed.
The session will take place on 18 June at 9:30 BST. A recording will be available afterwards for any CONVOY members that can’t attend. For more details, and to sign up for the CONVOY program, click the link below:
Trump signs executive orders to boost US nuclear industry
US President Donald Trump has signed four executive orders aimed at re-establishing the US as a global leader in nuclear energy.
The orders propose to increase US nuclear generation capacity from 100GW to 400GW by 2050.
The executive orders are titled ‘Reinvigorating the Nuclear Industrial Base’, ‘Reforming Nuclear Reactor Testing at the Department of Energy [DoE]’, ‘Ordering the Reform of the Nuclear Regulatory Commission [NRC]’, and ‘Deploying Advanced Nuclear Reactor Technologies for National Security’.
Trump said “It’s time for nuclear and we’re going to do it very big” after signing the orders.
Get the lowdown on what’s in each of the orders here.
US gives priority rating for molten salt reactor test bed
Idaho National Laboratory has received priority rating authorization by the US government to expedite the construction of the DOME and LOTUS microreactor test beds – one of which will conduct the world’s first fast-spectrum, salt-fuelled reactor test led by Southern Company and TerraPower.
These tests will form the basis for the Molten Chloride Fast Reactor that CORE POWER is planning to use for maritime applications.
Conditions converging for LIBERTY maritime civil nuclear programme
Technological shifts in the shipping industry and political trends are converging to create the conditions for revitalising the US maritime industry by building a fleet of US-flagged nuclear powered merchant ships, Mikal Bøe, Chairman and CEO of CORE POWER, has said.
In an interview with the American Journal of Transportation, Bøe explains that the international push to decarbonise the shipping industry is one of the main factors behind the coming transformation, but said that the other “is that the global fleet is sailing at the lowest speed that it has sailed since we introduced the diesel engine in 1911,” which has affected supply chains.
“Instead of having ships that are getting slower and carrying less cargo and costing more, you now have the potential for ships that are sailing at their optimum designed service speed, carrying more cargo because on a nuclear ship you don’t need fuel tanks, and then doing this without any emissions whatsoever at a very reasonable cost. There is an enormous competitive advantage in that, forming the basis for a revitalized US maritime sector,” Bøe added.
Make sure you don’t miss out on CORE POWER’s European Summit
There’s just over a month until CORE POWER’s European Summit, which will take place on on Thursday 10 July at IET London, Savoy Place, WC2R 0BL from 8am until 5.30pm.
One of the major events in the European nuclear industry calendar, the summit features many distinguished speakers – including Charlotte, Baroness Vere, who recently joined CORE POWER as Vice President of International Relations, Sama Bilbao y León, the Director General of the World Nuclear Association, and Nobel Peace Prize winner Dr. Mamdouh el-Shanawany, former Head of the IAEA Safety Assessment Section and former Global Nuclear Director at Lloyd’s Register. You can also see new CORE POWER advisory board member Jerald Paul discussing workforce development.
CORE POWER will be giving the latest updates on progress with the company’s LIBERTY program, while other panels will discuss: how we will deliver floating nuclear power and nuclear powered ships; insurance and civil liability between maritime nuclear states; developing the workforce of the future; nuclear energy in ports and waterways; and the Nuclear Energy Maritime Organization.
There will also be technical ‘deep dives’ into the development of the Molten Chloride Fast Reactor and the eVinci reactor by representatives from TerraPower and Westinghouse.
There are now very few tickets left, but there’s still time to get yours – secure your place here!
