CORE POWER helps chart the course for floating nuclear power in the Mediterranean

03/07/2025

In a significant step toward the deployment of Floating Nuclear Power Plants (FNPPs), CORE POWER, classification society ABS, and energy consultancy Athlos Energy will explore the potential of deploying FNPPs in the Mediterranean Sea, with a specific focus on Greece.

The joint effort will assess how floating nuclear platforms-powered by small modular reactors (SMRs)-can address growing energy demands in remote and coastal areas. This includes supplying grid-scale electricity to islands, supporting zero-emission port operations, and powering desalination plants to provide potable water in drought-affected regions.

"FNPPs can revolutionise the way we deliver reliable and affordable nuclear energy," said Mikal Boe, CEO of CORE POWER. "By constructing and mass-assembling a fleet of FNPPs in shipyards, we can deliver clean nuclear energy on time, and on budget, solving many of the largest energy challenges we face. CORE POWER is delighted to partner with other industry leaders, ABS and Athlos, on this project."


Image by Core Power

Supporting Decarbonisation and Energy Security
The project comes as the maritime and energy sectors face mounting pressure to reduce carbon emissions and enhance energy resilience.

Nuclear energy-particularly in the form of SMRs deployed on floating platforms-is increasingly being recognised as a scalable, zero-emission alternative to fossil fuels.

The project will develop novel FNPP Concepts of Operations (CONOPS) and generate visual models of proposed deployment sites.

A central focus will be the feasibility of operating these platforms in the Aegean Sea, where demand for clean energy and water is rising in tandem with regulatory and environmental concerns.

"Floating nuclear power facilities show promise in supporting power grids, microgrids, industrial and port operations, and even data centers," said ABS Chairman and CEO Christopher J. Wiernicki. "As global efforts to reduce emissions and improve energy efficiencies accelerate, FNPPs present a viable and powerful alternative."

Dionysios Chionis, co-founder of Athlos Energy, added: "As Greece reconsiders its energy future, the role of nuclear power is increasingly back on the agenda. This study marks an important first step in assessing the feasibility of deploying floating nuclear reactors in the Aegean Sea."

CORE POWER, press release