From Global Data via Yahoo Finance, August 29:
ORLEN, Synthos Green sign agreements for Poland’s first SMR plant
ORLEN has finalised an agreement with Synthos Green Energy that will facilitate the establishment of Poland's first small modular reactor (SMR) nuclear power plant.
The agreement includes two primary components. The first revises the articles of association and shareholder agreement for the joint venture (JV) company, ORLEN Synthos Green Energy (OSGE).
This component grants both parties a 50% equity stake each in the JV and ensures ORLEN's control over strategic decisions.
The second component is a licensing agreement that provides OSGE with full access to the BWRX-300 reactor technology, enabling the project to progress towards construction.
The revised agreements also confirm Włocławek as the chosen site for Poland's inaugural BWRX-300 reactor.
The BWRX-300 reactor technology, developed by GE Vernova in the US, is recognised as the most sophisticated SMR design globally....
....MUCH MORE
Now, if GEV - Hitachi can win the Swedish contract, to go along with the already announced Canadian project, they will have begun the encirclement (Hier und hier und hier...) of Berlin.
Related:May 12 - Nuclear: "Canada to Build $15 Billion Modular Nuclear Plant, First in G-7" (GEV)
This puts the SMR wannabes on notice, they had better pick up the pace or bow out of the race....
May 25 - "How GE Vernova plans to deploy small nuclear reactors across the developed world" (GEV)
July 3 - ICYMI: "In Small Nuclear Reactors, There’s One Clear Leader Today" (GEV)
August 7 - Nuclear: Hungary Moves Ahead On GE Vernova Hitachi BWRX-300 Small Modular Reactor Project (GEV)
