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SGE and Exelon Generation Completed the Works on Deployment Feasibility Study

Exelon Generation, an American energy company, has prepared for Synthos Green Energy a Deployment Feasibility Study of GE Hitachi Nuclear Energy BWRX-300 small modular reactors in Poland.

Synthos Green Energy, a company from the Synthos Group, has a feasibility study for the implementation in Poland of BWRX-300 small modular reactors (SMRs) designed by GE Hitachi Nuclear Energy. The study was prepared by an American company, Exelon Generation, a leader on the nuclear power market. The completion of the feasibility study represents a major advance in the work, as it assesses the feasibility of building SMRs in Poland and will assist the Synthos Group to estimate how many units need to be built in order to take full advantage of the cost effect of serial production of SMRs.

- Exelon is ready to support Synthos using our nuclear experience and know-how to deploy one or more small modular reactors in Poland - said Ralph Hunter, Managing Director and Chief Operating Officer of Exelon Nuclear Partners.

SMRs offer a low initial capital investment, greater scalability, and siting flexibility. Factory-made parts, shipped to site locations, makes them quick to build, reducing up-front costs for plant construction. SMRs can be scaled up or down to meet energy demands and help power areas where larger plants are not needed. SMRs can also help to replace or repower retiring fossil fueled power plants with zero-emission fuel.

The feasibility study covers the analysis of key aspects of SMR technology implementation: from cost issues to personnel policy, regulatory and security issues to construction models and operational issues.

- The feasibility study is a very important step in the implementation of our project of introducing SMR technology on the Polish market. The document will be the basis for creating an accurate roadmap for the whole project - said Rafał Kasprów, CEO of Synthos Green Energy, company responsible for decarbonization projects.

Exelon Generation, in addition to technology supplier GE Hitachi Nuclear Energy, and Finnish Fortum Power and Heat Oy, supports Synthos in the development of a nuclear power project based on small modular reactors. The completion of the feasibility study for the implementation of BWRX-300 in Poland is the next important stage of the project. In October this year, Synthos Green Energy, together with its partners, began a regulatory dialogue with the Polish National Atomic Energy Agency on the possibility of building the BWRX-300 in Poland.

Synthos Group sees SMR technology as an opportunity for the deep decarbonization of Polish industry and heating sector. Already at the beginning of 2019, Synthos Group, belonging to Michał Sołowow, recognized the advantages of SMRs. Synthos was the first private company in the world to sign a cooperation agreement with GEH for the construction of the BWRX-300 reactor in Poland. Today, Synthos Group is a strategic partner of GEH and also cooperates with another American company, USNC (Ultra Safe Nuclear Corporation), which is working on a modular microreactor (MMR).

 

About BWRX-300

The BWRX-300 is a Small Modular Reactor of 300 MWe and 870 MWt. It was created by GEH, a company with one of the largest experience 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. This makes it a competitive construction in terms of investment costs per 1 MWe. Electricity and heat generation by the BWRX-300 becomes comparable to the costs of a typical gas-based power plant and even compared to the costs of renewable energy. At the same time, it guarantees the stability of energy generation not achievable by RES. This makes the modular reactor an ideal solution for supplying energy to industrial plants as well as supplying system heat to district heating networks.

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

 

About the companies

Synthos Green Energy S.A. (formerly: Synthos Green Energy limited liability company) is a company from Synthos S.A. Capital Group established to carry out investments in zero-emission energy sources and to carry out a deep decarbonization of industrial and energy sectors. The Group comprises, among others, 18 production plants in 8 countries. The Group sells products in more than 60 countries on six continents and employs more than 16,000 people. The industrial group is looking for decarbonization solutions both through technologies already available (photovoltaics, wind energy) and those that are at different stages of development (small modular and micro reactor technologies, hydrogen technologies).

Exelon Generation - Exelon is the largest owner and operator of nuclear power plants in the United States (21 reactors in 12 power plants with a capacity of 20 GW). Exelon, in cooperation with Synthos Group, will be responsible for developing organizational and technical issues related to the construction and licensing of the BWRX-300 reactor and could, in the future, become an operator of small modular reactors in Poland.

 

Media contact:

Mariusz Ilnicki

Synthos Green Energy

+ 48 668 483 673

www.synthosgroup.com

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