PRESS RELEASE
10/06/2022
Seaborg selected for EU innovation grant
Seaborg wins one of the most respected grants in the EU and is one of only 74 innovative European companies selected from over 1,000 proposals to be awarded by the EIC Accelerator so far in 2022.
The EIC, European Innovation Council, is Europe’s flagship innovation programme, with a budget of €10.1 billion, to identify, develop and scale up breakthrough technologies and game changing innovations across all EU Member States. The EIC Accelerator provides financial support and business acceleration services to companies. The selected companies will each receive grants and/or equity investments, depending on their needs, up to €17.5 million.
As can be read from the brief examples in the official announcement, the aim of Seaborg’s proposal is to deliver clean, affordable, and safe nuclear energy with our Compact Molten Salt Reactor power barge.
“We are grateful for the utmost recognition and support from the European Commission through the EIC Accelerator which will help Seaborg continuing our work on climate change mitigation, eradicating energy poverty and energy security,” says CEO and co-founder, Troels Schønfeldt.
About the CMSR Power Barge
The floating nuclear power plant comes as a turn-key product, ready to be moored at an industrial harbor. In the harbor, a transmission cable will be connected from the barge to the electric grid on shore. An optional solution is to place a hydrogen or ammonia production plant next to the nuclear power barge utilizing the CO2-free fission energy from the barge to produce hydrogen and ammonia.
The Power Barge design is modular delivering up to 800 MW-electric for the 24-year lifetime. The CMSR Power Barge is cost competitive whether it plugs into the grid in an existing coal port or power production of hydrogen and ammonia.
About Seaborg Technologies ApS
Seaborg Technologies is a Danish nuclear reactor company on a mission to create a reliable, clean, and safe energy technology that can out-compete fossil fuels and revolutionize energy markets.
The company is developing an inherently safe generation IV nuclear Compact Molten Salt Reactor (CMSR) with an essential proprietary moderator. With its uranium-based fluoride fuel salt, the CMSR has several prominent features; it cannot melt down or explode, it cannot release radioactive gases to air or water, and it cannot be used for nuclear weapons.
The CMSR will be installed on modular Power Barges, providing clean and affordable energy worldwide. The Power Barge design is modular delivering up to 800 MW-electric for the 24-year lifetime. The CMSR Power Barge is cost competitive whether it plugs into the grid in an existing coal port or powers production of hydrogen and ammonia.