ABS and U.S. Department of Energy Sign MOU on Maritime Applications of Advanced Nuclear Technology

The American Bureau of Shipping (ABS) and the U.S. Department of Energy's Office of Nuclear Energy have joined forces in a memorandum of understanding (MOU) to promote the use of advanced nuclear technology in maritime applications. This agreement encompasses floating power solutions, nuclear-powered vessels, and the establishment of necessary ports, shipyards, and industrial infrastructure.

Key areas of focus include concept and feasibility studies for floating nuclear power, as well as the development of a U.S. shipbuilding sector equipped to construct and operate nuclear-powered assets safely. ABS, through its role as the Secretariat for the U.S. Maritime Administration's U.S. Center for Maritime Innovation (USCMI), will coordinate related endeavors.

ABS Chairman and CEO, John McDonald, emphasized the importance of maritime industry readiness for advanced nuclear technology. The Department of Energy (DOE) is spearheading U.S. government initiatives in maritime nuclear applications, and ABS will co-manage the Maritime Nuclear Applications Group (MNAG) to provide technical, regulatory, economic, and policy support.

The MOU aims to foster interagency coordination for the development of a robust U.S. maritime nuclear sector. "Advanced nuclear technology has the potential to revolutionize the commercial maritime industry and open new markets for American innovation," stated Assistant Secretary for Nuclear Energy Ted Garrish. Both ABS and DOE are leading the way in bringing nuclear energy to maritime applications, with ABS having previously set the industry's first comprehensive classification rules for floating nuclear power plants and obtained approvals in principle for multiple nuclear projects.