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LEADING OFF FLOATING NUCLEAR POWER conditions, two key risks for site-built power plants. At a nology, as used in the majority of existing onshore and high-level, the concept is similar to ? oating oil and natural naval nuclear power plants, is the need to refuel every 2-4 gas production and storage units – another example where years. This will result in handling spent nuclear fuel in a mature technology, in this case oil and gas processing, ports. Some of the developing small modular reactors fea- has been coupled with mature offshore and marine supply ture technology that eliminate the need to fuel during the chains and where there are more than 400 ? oating produc- 20-30 year lifetime of the FNPP – mitigating many of the tion and storage systems globally today. concerns and challenges to nuclear power.

High pro? le nuclear accidents from the past, such the 2011 Fukushima Daichi reactor meltdown in Japan, the 1986 Chernobyl accident in the Ukraine, and the 1979

Three Mile Island accident in the U.S., fuel public con-

The FNPP Market Report cerns on nuclear power. Because of these risks, licensing of

Intelatus Global Partners has developed a toolbox that identi? es and assesses future business opportunities technology of projects is a long process. in designing, building, operating, and ? nancing FNPPs,

The latest generation of reactors known as Gen-IV sys- speci? c locations that are prime targets for using tems are designed to have very low likelihood and degree an FNPP, barriers and hurdles to market entry and of reactor core damage and will eliminate the need for development, the players and competitive landscape offshore emergency response. Gen-IV principles promote and optional strategies and paths for entering and positioning in this emerging market. safety, reliability, sustainability, economics and proliferation

For more information about the FNPP Market Report, resistance – which support the licencing of technology.

please contact Philip Lewis at +44 203-966-2492

One challenge of deploying conventional reactor tech- march/april 2022 OFFSHORE ENGINEER 11