Research Council will fund Norwegian maritime nuclear energy and propulsion project

The Marine Nuclear Propulsion System (MarNuPS) Pilot project has secured NOK 20 million (USD 2m) in initial funding from the Research Council of Norway as partners prepare to move maritime nuclear propulsion from system development towards physical integration and testing.

Led by Emerald Nuclear Norway, MarNuPS brings together VARD Group, Vard Electro, Island Offshore, NTNU, Imperial College London and Maskindynamikk in a consortium spanning reactor technology, ship design and integration, vessel operations, automation and academic research.

The Research Council support comes in addition to substantial self-financing by the project partners. Stage 1 of the programme alone has an estimated total cost of around NOK 150m (USD 15.6m).

“This award is evidence of validation and momentum rather than the scale of the ambition,” said Hallgeir Juliebø, Co-Founder and Chief Commercial Officer of Emerald Nuclear and Chairman of Emerald Nuclear Norway.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →