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The world\u2019s third-richest man has supported nuclear energy since backing the nuclear innovation company Terrapower in 2008.<\/a> This week the company announced a partnership with Core-Power<\/a>, a London-based company that\u2019s developing a marine Molten Salt Reactor (m-MSR) type \u2018atomic battery\u2019 pack which could power the largest ships and production of green synthetic fuels for smaller ships.<\/p>\n <\/p>\n RELATED PRIME VIDEO: Once Upon A Nuclear Ship \u2013 Stories of the NS Savannah<\/a><\/strong><\/em><\/p>\n <\/p>\n The team has submitted its application to the US Dept. of Energy<\/a> to take part in cost-share risk reduction awards under the Advanced Reactor Demonstration Programme<\/a> to build a proof-of-concept for a medium-scale commercial-grade marine reactor.<\/p>\n <\/p>\n \u2018We\u2019re pleased to work with such outstanding partners in developing game-changing technology to help transport and industry transition to a clean energy future<\/em>\u2018, says Mikal B\u00f8e<\/a>, CEO of London-based CORE POWER.<\/p>\n <\/p>\n Over the next three decades, as many as 60,000 ships must transition from the combustion of fossil fuels to zero-emission propulsion<\/a>. The UN\u2019s maritime agency IMO has mandated with unanimous approval from 197 countries that shipping must reduce emissions by 50% of the 2008 total, before 2050. This means an actual emission reduction of almost 90%, by 2050. MSR technology being developed by the consortium could achieve that goal, by powering the production of green sustainable fuels for smaller ships and providing onboard electric power for large ships, with zero emissions as standard.<\/p>\n <\/p>\n London based Core-Power is working with the world\u2019s leading Advanced Reactor Developers to meet pent-up demand for disruptive energy technology in ocean transportation and beyond. The MSR can be the technology that forms the start of a \u2018second atomic era\u2019, where climate change is the main driver of powerful, inexpensive, and safe new energy solutions. The MSR has an economic potential which could be greater than that of oil and gas, providing the sustainable, clean energy the industry needs to move deep into the future without polluting the environment.<\/p>\n <\/p>\n According to the company\u2019s website, they have a two-staged plan<\/a> to deploy Molten Salt Reactor technology aboard ships later this decade:<\/p>\n <\/p>\n \u2018The implications of the MSR for transport and industry could be transformational, as we seek to build scale-appropriate technology and broad acceptance of modern and durable liquid-fuelled atomic power to shape the future of how we deal with climate change\u2019, B\u00f8e concludes.<\/p>\n <\/p>\n