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New venture is focused on GEH’s BWRX-300 reactor technology
PKN Orlen and Synthos Green Energy have signed an agreement establishing a joint venture that aims to commercialise microreactor and small modular reactor technologies in Poland, in particular GE Hitachi Nuclear Energy’s (GEH) BWRX-300.
PKN Orlen, a state-controlled fuels and energy company, said in a statement that the new venture will be called Orlen Synthos Green Energy. Synthos is a chemicals company and part of the largest private industrial group in Poland.
GEH and Synthos announced in October 2019 an agreement to collaborate on potential deployment applications for the BWRX-300 SMR in Poland.
Synthos has said it is interested in nuclear power for obtaining affordable, on-demand, carbon-free electricity.
PKN Orlen, a state-controlled fuels and energy company, said in a statement that the new venture will be called Orlen Synthos Green Energy. Synthos is a chemicals company and part of the largest private industrial group in Poland.
GEH and Synthos announced in October 2019 an agreement to collaborate on potential deployment applications for the BWRX-300 SMR in Poland.
Synthos has said it is interested in nuclear power for obtaining affordable, on-demand, carbon-free electricity.
The agreement covers a number of areas of reactor development and deployment, including financing, site selection and the production of energy and heat for the companies’ own needs and for municipal and commercial customers.
- Source: Nucnet
- Date: Wednesday, 08 December 2021
- Original article: nucnet.org/news/companies-create-jv-to-commercialise-and-deploy-microreactors-and-smrs-12-2-2021