Synthos Green Energy - Synthos S.A.

Synthos Green Energy S.A. (formerly: Synthos Green Energy spółka z ograniczoną odpowiedzialnością) with its registered seat in Warszawa, Aleja Jana Pawła II 22, 00-133 Warszawa, entered in the commercial register of the National Court Register kept by the District Court for the Capital City of Warszawa in Warszawa, XII Commercial Division of the National Court

Register under KRS number 0000863394,

NIP (tax identification number) 5492454116,

share capital 5.000.000 PLN

About Synthos Green Energy S.A. (formerly: Synthos Green Energy spółka z ograniczoną odpowiedzialnością)


The Company was established in order to develop and implement zero-emission technologies and electricity production from renewable sources for the Synthos Group. The goal of the activities is a deep decarbonisation of the Polish industry and energy sector. Currently, the Company is focused on two key projects: offshore wind farms and nuclear power based on small reactors. 

In 2019-2020, the Company submitted, four applications to the Minister of Maritime Economy and Inland Navigation for a key permit to start offshore projects. The applications for permits to build and use artificial islands, structures and equipment in Polish maritime areas cover a total area of 126 square kilometers and maximum total installed capacity of 1260 MW.

In the area of nuclear energy, the Company is coordinating works related to cooperation established with GE Hitachi Nuclear Energy Americas LLC concerning the possibility of building BWRX-300 in Poland. In September 2019, Synthos Group - as the first private entity in the world - signed a Memorandum of Understanding, followed by Strategic Cooperation and Exclusivity Agreement signed between the Company and GE Hitachi Nuclear Americas LLC in August 2020. On the base of that Agreement, the Company became a Strategic Partner of GE Hitachi in BWRX-300 technology development.

The 300 MWe BWRX-300 belongs to the category of Small Modular Reactors (SMR), which have been intensively developed around the world in recent years. The International Atomic Energy Agency (IAEA) estimates that currently, there are more than 50 SMR projects at different stages of development. The advantage of the BWRX-300 technology is that it bases on previous GE Hitachi licensed reactor (ESBWR). The construction is currently under review by US Nuclear Regulatory Commission (NRC) and the Canadian Nuclear Safety Commission (CNSC). 

To carry out its tasks, Synthos Green Energy cooperates with a number of global energy and engineering companies with experience in nuclear energy. With the support of its partners, the Company has initiated a dialogue with the Polish regulator - the National Atomic Energy Agency (PAA). The Company’s dialogue with the Regulator aims at allowing the BWRX-300 technology to be constructed in Poland and to enable the construction of a nuclear power plant based on the BWRX-300 technology in the second half of 2020s.

Moreover, in May 2020, an agreement was concluded between Synthos Green Energy and the U.S. Ultra Safe Nuclear Corporation (USNC) concerning the development of Micro Modular Reactor (MMR) technology.

The company is also working on solutions allowing for production of hydrogen from high-temperature steam.

 

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