Saltfoss Energy develops modular, floating nuclear power plants utilizing Compact Molten Salt Reactor (CMSR) technology. These barges provide scalable, low-carbon electricity, desalinated water, and heat for industrial processes, offering a safe and cost-effective energy solution.
Funding
Funding not disclosed
Founders
Product
Problem
The global demand for clean, reliable energy is increasing, but traditional energy sources often have significant environmental impacts, and intermittent renewables require stable baseload power. Existing nuclear power technologies face challenges related to safety, scalability, and cost-effectiveness, limiting their widespread adoption.
Solution
Saltfoss Energy is developing a next-generation nuclear power solution centered around Compact Molten Salt Reactors (CMSRs) deployed on modular, floating power barges. This approach leverages the inherent safety characteristics of molten salt technology, where the fuel is dissolved in a liquid salt coolant, preventing meltdowns and explosions. The CMSR design utilizes low-enriched uranium and is engineered for scalability through serial production at shipyards, enabling cost-effective deployment. These floating power plants can deliver electricity, desalinated water, and heat for industrial processes, providing a versatile and low-emission energy source to complement intermittent renewables and address energy poverty.
Target Audience
Primary customers include utilities, industrial facilities, and governments seeking stable, low-carbon energy generation solutions to meet growing demand and decarbonization targets.
Features
- Compact Molten Salt Reactor (CMSR) technology utilizing dissolved fuel in a liquid salt coolant for inherent safety and passive shutdown capabilities.
- Modular, floating power barge platform designed for serial production at shipyards, enhancing cost-efficiency and deployment speed.
- Scalable power output ranging from 200 to 800 MW per barge.
- Capability to produce electricity, desalinated water, and district heating/cooling.
- High outlet temperature suitable for efficient production of carbon-neutral hydrogen, synthetic fuels, and fertilizers.
- Operational lifetime of 24 years per power barge.
- Fuel cycle designed for reuse and potential closure, minimizing long-term waste storage requirements.
- Consortium partnerships with Samsung Heavy Industries and Korea Hydro & Nuclear Power for manufacturing and operation.