Until now, Greece has not utilized nuclear energy. The potential role of small modular reactors is now in the spotlight. Floating reactors could also be an option. This is because Greece has a long maritime tradition and therefore has a well-developed port infrastructure and a strong shipbuilding industry at its disposal. Greece has many inhabited islands, and the need for water desalination is growing. In addition, the country is pursuing climate goals like so many other nations.

Nuclear energy is part of the energy mix. Before floating nuclear power plants can be introduced in Greece, political, financial, social, and regulatory issues must still be resolved. A study assumes that the necessary framework conditions must be created; technical feasibility is not the major challenge. Russia is already further along; series production of floating power plant units is already underway. A fleet of floating nuclear power plants is planned, and the first reactor unit has been manufactured.

According to the plan, four Russian floating power plant units are to supply energy to the copper mining operations in the Chukotka region. A first floating power plant has been in operation there since 2020. Using carbon-free energy for industrial production naturally saves the emission of many tons of greenhouse gases. Since 2020, the “Akademik Lomonosov” has generated more than 1.2 billion kWh of electricity at the copper mine in Chukotka and prevented more than 400,000 tons of greenhouse gas emissions.

Uranium Energy (- https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ -) owns diversified uranium reserves as well as ISR uranium projects in the U.S., with additional projects in Canada. Uranium mining, processing, refining, and conversion are part of its business. The company is debt-free. With the start of production at the Burke Hollow property, the company now operates two of its three ISR production platforms in the U.S.

IsoEnergy (- https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ -) is considered a uranium producer that could begin production in the near future and holds high-grade uranium properties in Saskatchewan. Additional uranium projects are located in Australia, Argentina, and the U.S. The Larocque East project in the Athabasca Basin in Saskatchewan is particularly high-quality, boasting shallow mineralization and excellent infrastructure. The latest drill results once again confirm the high-grade uranium mineralization. According to a survey by the Fraser Institute, several areas in IsoEnergy’s portfolio rank among the world’s leading regions.

Current company information and press releases from IsoEnergy (-  https://www.resource-capital.ch/de/unternehmen/iso-energy-ltd/ -) and Uranium Energy (- https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -).

Further information is also available in our new Uranium Metal Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/uran-report-2025-04/.

Sources: IsoEnergy, Uranium Energy,
https://www.world-nuclear-news.org/articles/first-ritm-200c-reactor-unit-manufactured-for-floating-power-plant;
https://www.world-nuclear-news.org/articles/floating-nuclear-power-plants-realistic-for-greece;
https://www.resource-capital.ch/de/reports/ansicht/uran-report-2025-04/.

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