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Synthos Green Energy S.A. Starts a Regulatory Dialogue with the National Atomic Energy Agency

Synthos Green Energy S.A. presented to the National Atomic Energy Agency (PAA) the scope of a general opinion on the organizational and technical solutions of GE Hitachi Nuclear Energy (GEH) small modular BWRX-300 reactor. The proposal was prepared in cooperation with global industry leaders: Finnish nuclear power leader - Fortum Power and Heat Oy, the largest nuclear power plant operator in the U.S. - Exelon Generation, and GEH - a technology supplier.

The general opinion that Synthos Green Energy S.A. is seeking from the PAA, is defined in the Atomic Law (Article 39b) and constitutes the first step in starting the procedure preceding the regulatory process for the planned construction of a nuclear power plant in Poland. At this stage, the investor wants to obtain an opinion from the Polish regulator on the scope of information expected by PAA about the technology it intends to use and the organization of the investment process. The documentation was submitted to PAA last week.

- Gaining PAA’s confidence in the development and deployment of SMRs in Poland is vitally important - said Ralph Hunter, Managing Director and COO of Exelon Nuclear Partners. It is our belief that the Polish nuclear energy program would be enhanced by developing and deploying both SMRs and large-scale nuclear power plants. The production of clean, low-cost, reliable energy from nuclear would bring significant benefits in meeting climate change and energy security objectives of both government and industry - added Ralph Hunter.

-  With our design-to-cost approach, we believe the BWRX-300 is ideally positioned to help SGE and Poland meet the demand for clean, stable and affordable energy said Jon Ball, Executive Vice President of Nuclear Products for GEH. We look forward to supporting SGE as it considers deploying this game-changing technology to meet the energy needs of its operations and help Poland achieve its goals for decarbonization - added John Ball. 

- We are very happy to be part of this process and to support it with our nuclear expertise and experience. We are excited that developments regarding nuclear power are taking steps forward in Poland - said Olli Kymäläinen, Head of Newbuild and Upgrades Services at Fortum.

- Our request to the PAA will allow determining the scope of the full application for a general opinion about the organizational and technical solutions to be applied in the construction and operation of a plant with BWRX-300 technology. It is a first step and we are prepared to move forward with the regulatory process together with the PAA - said Rafał Kasprów, President of the Board of Synthos Green Energy.

Synthos Green Energy has established cooperation with globally operating companies with extensive experience in building and managing nuclear power plants. The group, which supports the company and currently is working on the application for general opinion, is formed by:

  • Fortum Power and Heat Oy - Finland-based company with over 40 years of experience in designing, licensing and operating nuclear facilities; the sole owner of two nuclear power plants in Finland and co-owner of six plants located in Finland and Sweden;
  • Exelon Generation - the largest operator of nuclear power plants in the United States (21 plants) and one of the largest power companies in the U.S.;
  • GE Hitachi Nuclear Energy - developer of the BWRX-300.

CMS is the legal advisor in the process.

The company has been informed by the National Atomic Energy Agency that the Nuclear Safety and Security Department has already started working on the answer to Synthos’ proposal.

As early as the beginning of 2019, the Synthos Group, owned by Michał Sołowow, was the first private company in the world to start talks with GEH about a small BWRX-300 modular reactor and the possibility of building a nuclear power plant in Poland. Last autumn a cooperation agreement was signed, which has been developed and detailed over the course of this year. In the result of that, under the agreement signed on August 6, 2020, Synthos Green Energy became a Strategic Partner of GE Hitachi Nuclear Energy for the development and construction of the BWRX-300 reactor.

The BWRX-300 is a Small Modular Reactor of 300 MWe and 870 MWt. It was created by GEH, one of the most experienced companies in nuclear reactor design in the world. The project is based on the 1500 MWe ESBWR licensed by the U.S. Nuclear Regulatory Commission (NRC) and is its simplified version. In result of that, it is a competitive construction in terms of investment costs per 1 MWe. Electricity and heat generated by the BWRX-300 becomes comparable to the cost of a typical gas-fired power plant and even can be compared to the cost of energy from renewable sources.

At the same time, it guarantees the stability of energy generation that is unattainable for renewable energy sources. This makes the SMR an ideal solution for supplying energy to industrial plants as well as for supplying system heat to district heating.

The BWRX-300 is currently being analysed by nuclear regulators in the United States and Canada.

 

About the Company

Synthos Green Energy S.A. (formerly: Synthos Green Energy limited liability company) is part of Synthos S.A. Capital Group. The company was established in order to develop and implement zero-emission technologies and electricity production from renewable energy sources for the Synthos Group. The company is part of Polish private-held industrial group owned by Mr Michał Sołowow. Industrial group owns, among others, 18 production plants in 8 countries and sells products in more than 60 countries on six continents. It employs over 16,000 all over the world.

 

Media contact:

Mariusz Ilnicki

Synthos Green Energy

+ 48 668 483 673

www.synthosgroup.com