Cooperative Agreement to Bring the Advantages of Nuclear Power to Maritime and Coastal Applications

Westinghouse Electric Company and CORE POWER today announced the formalization of a cooperative agreement for the design and development of a floating nuclear power plant (FNPP) using the industry-leading eVinci™ microreactor.

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Westinghouse and CORE POWER are partnering for the design and development of a floating nuclear power plant using the industry-leading eVinci™ microreactor. Floating Nuclear Power Plant Image © 2024 by CORE POWER. (Photo: Business Wire)

FNPPs are a game-changing approach to deploying nuclear energy to islands, ports, coastal communities and industry. These innovative power plants can be centrally manufactured and easily transported to operation sites, combining advanced nuclear technology with shipyard efficiency. As a highly transportable source of cost-competitive, reliable nuclear power, the eVinci microreactor is perfectly suited to FNPPs. The eVinci microreactor requires minimal maintenance and can operate for eight years at full power before refueling, allowing for reliable long-term power generation at almost any location.

“There’s no net-zero without nuclear. A long series of identical turnkey power plants using multiple installations of the Westinghouse eVinci microreactor delivered by sea, creates a real opportunity to scale nuclear as the perfect solution to meet the rapidly growing demand for clean, flexible and reliable electricity delivered on time and on budget,” said Mikal Bøe, CEO of CORE POWER. “Our unique partnership with Westinghouse is a game changer for how customers buy nuclear energy.”

Under the agreement, Westinghouse and CORE POWER will advance the design of a FNPP using the eVinci microreactor and its heat pipe technology. Based on more than 60 years of proven use, heat pipe technology improves reliability while providing a simple, non-pressurized method of passively transferring heat. Heat pipes in the eVinci microreactor transfer heat from the nuclear core to a power conversion system, eliminating the need for water cooling and the associated recirculation systems. In addition, the companies will collaborate to develop a regulatory approach to licensing FNPP systems.

“With this groundbreaking agreement, we will demonstrate the viability of the eVinci technology for innovative use cases where power is needed in remote locations or in areas with land limitations,” said Jon Ball, President of eVinci Technologies at Westinghouse. “We look forward to our partnership with CORE POWER, bringing the unique advantages of eVinci microreactors to maritime and coastal applications, potentially even paving the way for future disaster relief efforts.”

The eVinci microreactor builds on decades of industry-leading Westinghouse innovation to bring carbon-free, safe and scalable energy wherever it is needed for a variety of applications, including providing reliable electricity and heating for remote communities, universities, mining operations, industrial centers, data centers, and defense facilities, and soon the lunar surface and beyond. The resilient eVinci microreactor has very few moving parts, working essentially as a battery, providing the versatility for power systems ranging from several kilowatts to 5 megawatts of electricity, delivered 24 hours a day, 7 days a week for eight-plus years without refueling. It can also produce high temperature heat suitable for industrial applications, including alternative fuel production such as hydrogen, and has the flexibility to balance renewable output. The technology is factory-built and assembled before it is shipped in a container.

Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear and other clean power technologies and services globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and X.

CORE POWER is building a Maritime Civil Nuclear Program in the OECD through scalable new nuclear technology solutions for maritime and heavy industries. CORE POWER's mission is to dramatically improve energy efficiency and local energy security by delivering investable, floating nuclear energy solutions from shipyard manufacturing on time and on budget. CORE POWER is present across the OECD, with offices in London, Washington DC, and Tokyo. For more information, please visit https://corepower.energy and follow us on LinkedIn.

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