Filter by tags: Poland General Electric Clear all tag filters
3 news articles found
French energy company EDF signed cooperation agreements relating to the potential deployment of its technology, and the involvement of local supply chains, in Canada, the Czech Republic and India on the first day of World Nuclear Exhibition 2023 in Paris.
- Source: World Nuclear News
- Date: Thursday, 30 November 2023
- Original article: world-nuclear-news.org/Articles/EDF-agreements-with-Canadian,-Czech-and-Indian-fir
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
New-build projects are making progress, but governments are still struggling with finding the right financing package for large reactors
The delayed Flamanville-3 is one of three EPR units under construction in Europe. The others are at Olkiluoto in Finland and Hinkley Point in the UK. Photo courtesy EDF.
Western Europe
The UK is facing a major challenge to replace its aging fleet of Generation I nuclear power plants, many of which are scheduled to shut down in 2023.
The project by French state utility EDF to build two Generation III EPR units at Hinkley Point C in Somerset is on track for connection to the grid by 2025. Once in commercial operation the two units will provide up to 7% of the total electricity demand. Two similar units are planned for the Sizewell site in Suffolk.
However, press reports have suggested EDF is in “a race against time” to secure a funding deal for Sizewell C as delays risk making the project prohibitively expensive.
The UK is facing a major challenge to replace its aging fleet of Generation I nuclear power plants, many of which are scheduled to shut down in 2023.
The project by French state utility EDF to build two Generation III EPR units at Hinkley Point C in Somerset is on track for connection to the grid by 2025. Once in commercial operation the two units will provide up to 7% of the total electricity demand. Two similar units are planned for the Sizewell site in Suffolk.
However, press reports have suggested EDF is in “a race against time” to secure a funding deal for Sizewell C as delays risk making the project prohibitively expensive.
According to The Times newspaper EDF has hired Rothschild as financial adviser for the project and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.
- Source: Nucnet
- Date: Friday, 17 January 2020
- Original article: nucnet.org/news/what-lies-in-store-in-2020-1-4-2020