The US government will financially support the SMR Orlen Synthos Green Energy project
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Orlen Synthos Green Energy (OSGE) will receive financing from the US Department of State to accelerate the project to build small nuclear reactors in Poland, John Kerry, the US President’s special envoy for climate, announced on Thursday.
As Kerry explained during the Three Seas Initiative Summit in Bucharest, support will come from the American “Phoenix” project, which aims to support the development of SMRs in Central Europe, in particular projects to build small nuclear reactors in locations related to conventional energy.
Under the programme, funds will be provided to Poland, the Czech Republic and Slovakia. The SMR technology implemented by OSGE in Poland is BWRX-300 developed by GE Hitachi Nuclear Energy. Kerry did not provide support amounts. “Phoenix” will finance the preparation of project feasibility studies.
“We will financially support feasibility studies because we want to help carry out the energy transformation from coal to SMRs. We take the role of nuclear energy in the energy transition very seriously. We are all aware that zero emissions cannot be achieved without it. This is a great challenge facing humanity,” said John Kerry in Bucharest.
“Poland’s energy transformation should be based on American nuclear technologies, in particular the proven BWRX-300 technology developed by GE Hitachi. Thanks to our inclusion in the Phoenix Project, we can significantly accelerate our activities,” said Rafał Kasprów, president of OSGE, quoted in the company’s information.
Phoenix is a U.S. government initiative to support Europe’s transition from fossil fuel-based energy to SMRs while preserving local jobs through retraining workers. The project enables direct financial support from the US government to develop feasibility studies for selected SMR technologies. Activities supporting the energy security goals of Central and Eastern European countries may also be financed.
As reported by OSGE, support from the US would first go to the project of building a nuclear power plant in Ostrołęka. The company recalled that in April, the American EXIM Bank and the International Development Finance Corporation (DFC) announced the possibility of support of up to USD 4 billion. project to build the first BWRX-300 reactors in Poland. (PAP)
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