Denmark’s Seaborg has said it was one of only 74 innovative European companies selected from over 1,000 proposals to be awarded a grant by the European Innovation Council (EIC) so far in 2022. The EIC is Europe’s flagship innovation programme, with a budget of €10.1 billion, to identify, develop and scale up breakthrough technologies and game changing innovations across all EU member states. The EIC Accelerator provides financial support and business acceleration services to companies. The selected companies will each receive grants and/or equity investments, depending on their needs, up to €17.5 million.
Seaborg said its proposal aims “to deliver clean, affordable, and safe nuclear energy with our compact molten salt reactor power barge”.
The floating NPP comes as a turn-key product, ready to be moored at an industrial harbour. A transmission cable will be connected from the barge to the electric grid on shore. An optional solution is to place a hydrogen or ammonia production plant next to the nuclear power barge. The design is modular, delivering up to 800MWe over a the 24-year lifetime. The CMSR Power Barge is cost competitive whether it plugs into the grid in an existing coal port or power production of hydrogen and ammonia.