Washington, D.C./London UK 17 June 2026 CORE POWER (US) Inc. announced today that it has launched a feasibility study to assess the technical, regulatory and commercial pathways for potentially integrating BWX Technologies’ mPowerTM Small Modular Reactor (SMR) technology into Floating Nuclear Power Plants (FNPPs) that are built in and deployed from shipyards.
The study will leverage CORE POWER’s expertise in marine systems integration, shipyard delivery and commercial deployment architecture and BWXT’s mPowerTM reactor design. mPower was originally developed as a Generation III+ integral pressurized water SMR design with a capacity of 195 megawatts of electricity and 575 MWth per reactor.
FNPPs are designed to be built in shipyards and moved close to end users and areas of high demand. By shifting construction into a controlled industrial environment, they offer the potential to cut delivery risk, improve repeatability and provide reliable power to places constrained by grid capacity, land availability or long civil planning or infrastructure timelines.
The feasibility study will cover baseline information exchange, systems engineering, concept of operations development, product requirements definition, regulatory pathway assessment, marine integration studies and techno-economic analysis.
Mikal Bøe, CEO of CORE POWER, said:
“We’re building, integrating and deploying ship-based nuclear energy systems that deliver reliable power where industry and nations need it most. We are focused on commercial delivery, from vessels and infrastructure to kilowatts consumed and industries powered.
“For CORE POWER, this assessment of the mPower technology is a significant step in our strategy to accelerate the design of our fully modular floating nuclear power plants.
“Electric power demand is rapidly outstripping supply. Markets that need reliable electricity cannot wait for conventional infrastructure timelines.
“The United States has the nuclear expertise, the industrial base and the maritime heritage to lead this market. CORE POWER’s role is to combine those strengths and accelerate the path from technology to product.”
The initial assessment which is being funded by CORE POWER is expected to inform future decisions on engineering scope, regulatory engagement, commercial structure and potential next steps.
