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Laurentis signs agreement with OSGE to support preliminary work for SMR development in Poland

Small Cap Bulls Editorial Team by Small Cap Bulls Editorial Team
November 18, 2024
Reading Time: 6 mins read
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WARSAW, POLAND,ย Nov. 14, 2024ย /CNW/ – Laurentis Energy Partners (Laurentis) announced an agreement withย Poland’sย ORLEN Synthos Green Energyย (OSGE) to support an initial study to enable the development and deployment of the first small modular nuclear reactors (SMRs) in Poland.ย The agreement is valued at up toย $40 million.

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The Preliminary Safety Analysis Report (PSAR) is a comprehensive study, required byย Poland’sย safety authority, the National Atomic Energy Agency, as part of OSGE’s licensing application, to demonstrate the safety of deployingย GE Hitachi Nuclear Energyย BWRX-300 SMRs inย Poland.ย Ontario-based Laurentis staff will prepare materials related to environmental conditions, site characteristics, facility operation, construction, commissioning, and future decommissioning.

The agreement was signed inย Warsawย at a ceremony attended by Hon.ย Stephen Lecce,ย Ontarioย Minister of Energy and Electrification, and Wojciech Wrochna, Polish Government Plenipotentiary for Strategic Energy Infrastructure.

Laurentis leverages its expertise in end-to-end nuclear services and solutions, including project management, licensing, operations readiness, and owners’ support.

Key facts

  • In 2022, Synthos Green Energy and ORLEN established the joint venture ORLEN Synthos Green Energy to deploy a fleet of BWRX-300 SMRs.
  • Laurentis and OSGEย signedย a Master Services Agreement to support the development and deployment of SMRs inย Poland.
  • Laurentis is already supporting OSGE in early project planning for SMR deployment.

Quotes

“The world is watchingย Ontarioย as we lead the largest expansion of nuclear energy on the continent to help meet surging demand for more energy,” saidย Hon.ย Stephen Lecce,ย Ontarioย Minister of Energy and Electrification.ย “Countries around the world are looking to replicate this success story, including our affordable and reliable nuclear fleet. That’s why our government is exporting its world-class nuclear expertise to create jobs back home while supportingย Europe’sย energy security as we make the case to decouple dependence from the Putin regime. We have successfully signed deals that set the stage forย Ontario’sย nuclear expansion intoย Europeย that will generate revenue and create new, good-paying jobs forย Ontarioย workers.”

“PSAR is one of the key elements of the whole licensing process for a nuclear power plant. By having such experienced partners involved in the project, we are confident that OSGE will deliver to the Polish nuclear authority a comprehensive report that meets all requirements of the Polish law,” saidย Rafaล‚ Kasprรณw, CEO of OSGE. “We areย launching work on the first PSAR related to small modular reactors in the EU. This is a significant milestone in the SMR deployment process, and I believe it paves the way for bolder actions in other European countries, as well.”

“International collaboration will be crucial to the successful execution of new nuclear projects, so we are excited to work together with OSGE and Laurentis Energy Partners on this licensing requirement for deployment of our SMR technology inย Poland,” saidย Sean Sexstone,ย Executive Vice President, Advanced Nuclear, GE Hitachi Nuclear Energy.

“Laurentis is excited to work with OSGE to take the next steps to establish the feasibility of small modular reactor deployment inย Poland,” saidย Jason Van Wart, President and CEO of Laurentis. “As a company with experience and expertise in new nuclear services from conception to execution, including regulatory support, we are uniquely positioned to help OSGE progress its project to enableย Polandย to achieve its clean energy ambitions.”

About OSGE

ORLEN Synthos Green Energy (OSGE) was established by ORLEN S.A. and Synthos Green Energy S.A. The company plays a leading role in the deployment of modular nuclear reactors inย Poland, aiming to contribute to the effective decarbonization of the power generation, heating and industrial sectors. OSGE’s mission is to build a fleet of BWRX-300 reactors designed by GE Hitachi Nuclear Energy, which will become an important part of the country’s energy mix, providing households and industry with stable zero-carbon electricity. For more information, visitย www.osge.comย and X (Twitter) platform @ORLEN_Synthos andย LinkedIn.

About Laurentisย Energy Partners

Laurentis Energy Partners (Laurentis), a subsidiary of OPG, is an innovator and leader in the clean-energy industry, leveraging its access to decades of nuclear energy knowledge and experience to execute a full range of Small Modular Reactor services, deliver lifesaving radiopharmaceuticals and isotopes, complete refurbishment activities at CANDU stations around the world, provide inspections with industry-leading technologies, and assist the global nuclear industry in nuclear waste management and decommissioning. Laurentis has offices in theย Greater Toronto Area,ย Hamiltonย and Bruce County inย Ontario,ย Saint Johnย inย New Brunswick, Regina inย Saskatchewan, andย Bucharestย and Cernavoda in Romania.ย Follow us onย Xย andย LinkedInย or visitย www.laurentisenergy.com.

SOURCE Laurentis Energy Partners

Media contacts : Mariusz Ilnicki, OSGE, +48โ€ฏ668 48 36 73,ย mariusz.ilnicki@osge.com; Barb McKay, Laurentis Energy Partners, +1 519 385 5143,ย mckay.barb@laurentisenergy.com

Organization Profile

Laurentis Energy Partners

Also from this source

  • Laurentis signs MOU with Colibri to pursue isotopes irradiation services

  • SN Nuclearelectrica S.A. and Canadian Nuclear Partners S.A. sign Framework Agreement for Romania Cernavoda NPP Unit 1 Refurbishment Project

  • Laurentis Energy Partners to produce Y-90 isotopes for life-saving cancer treatments globally

Tags: EnergyLaurentisMiningNuclearSMR
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Small Cap Bulls Editorial Team

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