ORNL, the Department of Energy’s largest multidisciplinary laboratory, and Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, have entered into a Memorandum of Understanding to collaborate on the development and integration of alternative fuel technologies aimed at reducing the marine engine’s reliance on fossil fuels.
As renewable sources of energy such as wind and sun power are being increasingly added to the country’s electrical grid, old-fashioned nuclear energy is also being primed for a resurgence.