Americas News
US Funding Supports Nuclear Reactor Experiment With Maritime Potential
The US Department of Energy has approved cost-shared funding to advance a molten salt reactor experiment with potential applications in shipping.
The Molten Chloride Reactor Experiment (MCRE) is expected to achieve first criticality as early as 2027, Core Energy said in a press release on Wednesday.
The project involves Southern Company, Idaho National Laboratory and UK-based Core Power, which are working to advance understanding of molten salt reactor technology.
MCRE aims to become the world's first fast-spectrum molten chloride salt reactor experiment to achieve criticality.
The trial will provide data on reactor performance and fuel behaviour, helping developers improve reactor designs and prepare for future licensing and commercial use.
“Merging the pathway of novel nuclear fuel cycle development that MCRE represents with CORE POWER's pathway of maritime nuclear development, creates unique opportunities to deliver an ultimately sustainable nuclear fuel solution to new markets around the world,” Mikal Bøe, CEO of Core Power, said.
“One such market is a sustainable future of civil maritime nuclear propulsion of large commercial ships, where an enduring, zero-emission power source can transform the way global trade is transported at sea.”
Core Power is aiming to start construction of its first US-flagged nuclear-powered ship from 2028.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 917.00 | 10.00 | 1295.00 | 34.00 |
| Rotterdam | 742.00 | 5.50 | 1435.50 | 54.00 |
| Houston | 765.00 | 2.00 | 1408.00 | 12.00 |
| Fujairah | 986.00 | 1.50 | 1725.50 | 38.50 |
| Americas Average | 922.00 | 2.50 | 1639.50 | 7.50 |
| Global 20 Ports Average | 902.00 | 6.00 | 1547.50 | 29.50 |
| Global 4 Ports Average | 852.50 | 4.00 | 1466.00 | 34.50 |
| Global Average Bunker Price | 950.50 | 2.50 | 1606.00 | 21.00 |
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