In an article published on March 5, Axios reviews the ways the world’s maritime companies are trying to decarbonize. The maritime industry, “from ferries to freighters—is trying to navigate a once-in-a-century transition away from fossil fuels to new, cleaner means of propulsion,” the article explains.

Emissions from shipping: The article notes that the world’s economy relies on international shipping, with more than 90 percent of global trade traveling via maritime vessels. The issue, though, is that “the vessels burn about 4 million barrels of oil a day, accounting for almost 3 percent of the world’s carbon emissions.” The article then cites a United Nations report from 2018 that sets greenhouse gas reduction targets of 50 percent by 2050 compared to 2008 levels.

Illustration of Core Power’s modular MSR concept. Image: Core Power

Core Power is a tiny startup that is bullish on the prospects for nuclear-powered ocean transportation. The company announced on November 2 that it is part of a team that has applied for a cost-shared award from the Department of Energy’s Advanced Reactor Demonstration Program (ARDP) to build a prototype molten salt reactor (MSR). Core Power believes that MSRs could be used for propulsion or electricity generation to decarbonize the world’s commercial shipping fleet.

Based in London, England, Core Power is the only non-U.S. member of the team, which includes TerraPower, Southern Company, and Orano USA. As a marine engineering firm, Core Power says that it offers its ARDP partners “access to pent-up demand from a market with real customers.” An announcement of ARDP “risk reduction for future demonstrations” award winners is expected in December.

The Generation IV International Forum (GIF) is hosting a free webinar on August 26 on the topic of “Molten Salt Reactor Safety Evaluation—A U.S. Perspective.”

The webinar, which is intended for policy makers, managers, regulators, students, and the general public, will start at 8:30 a.m. (EDT). Registration is required.