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MARKETS: The Final Word readily controlled given that the plant’s construc- tion and a large proportion of commissioning are performed using standardized equipment under strictly controlled conditions. This approach mini- mizes the risk of labor availability in remote areas and unforeseen ground conditions, two key risks for site-built power plants. At a high-level, the concept is similar to ? oating oil and natural gas production and storage units – another example where a mature technology, in this case oil & gas processing, has been coupled with mature offshore and marine sup- ply chains and where there are more than 400 ? oat- ing production and storage systems globally today.

High pro? le nuclear accidents from the past, such the 2011 Fukushima Daichi reactor melt- down in Japan, the 1986 Chernobyl accident in the

Ukraine, and the 1979 Three Mile Island accident in the USA, fuel public concerns on nuclear power.

Because of these risks, licensing of technology of projects is a long process.

The latest generation of reactors known as Gen-

IV systems are designed to have very low likeli- hood and degree of reactor core damage and will eliminate the need for offshore emergency response.

Gen-IV principles promote safety, reliability, sus- tainability, economics, and proliferation resistance – which support the licencing of technology.

One challenge of deploying conventional reactor technology, as used in the majority of existing on- shore and naval nuclear power plants, is the need to refuel every 2-4 years. This will result in handling spent nuclear fuel in ports. Some of the develop- ing small modular reactors feature technology that eliminate the need to fuel during the 20-30 year lifetime of the FNPP – mitigating many of the con- cerns and challenges to nuclear power.

The FNPP Market Report.

Intelatus Global Partners has developed a toolbox that identi? es and assesses future business oppor- tunities in designing, building, operating, and ? nanc- ing FNPPs, speci? c locations that are prime targets for using an FNPP, barriers and hurdles to market entry and development, the players and competitive landscape and optional strategies and paths for en- tering and positioning in this emerging market.

NuScale Power

For more information about the FNPP Market Re-

Module - in bay port, please contact Philip Lewis at +44 203-966- top down cross 2492 section

Image courtesy NuScale Power, LLC 58 Maritime Reporter & Engineering News • February 2022

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