NuScale Power and KGHM have signd a landmark agreement to initiate work towards implementing advanced small modular reactors in Poland, following the September collaboration announcement between the two parties. The definitive agreement between NuScale Power, whose SMR is the first and only small modular reactor to receive design approval from the US Nuclear Regulatory Commission, and KGHM, a Poland-based leader in copper and silver production and large industrial energy user, will position KGHM as a clean energy implementation leader with the first deployment of SMRs in Poland. Under this agreement, NuScale will work with KGHM to support the deployment of SMR technology, and together, the organizations will take steps toward deploying a first NuScale VOYGR power plant in Poland as early as 2029, which would help Poland avoid up to 8 miollion tonnes of CO2 emissions per year. The deployment of the VOYGR plant by 2029 is directly tied to the Climate policy of KGHM Polska Miedź and the Company’s new strategic direction - energy.The first task under the agreement will identify and assess potential project sites and develop project planning milestones and cost estimates. These activities support KGHM as it evaluates NuScale VOYGR plants as a coal repurposing solution for existing power plants, as well as opportunities to deploy VOYGR plants to provide safe, carbon-free, reliable energy for their operations and to support other Polish industrial energy users.KGHM and NuScale first began their collaboration in September 2021, after the two parties signed a memorandum of understanding to collaborate in the development, licensing and construction of a NuScale VOYGR plant in Poland. This new commercial agreement marks a significant milestone in NuScale’s progress towards commercialization and advancing clean, reliable, and affordable energy in Poland.KGHM is involved in the mining and processing of valuable natural resources. At its heart is the largest deposit of copper ore in Europe, located in south-western Poland.
NuScale Power and KGHM have signd a landmark agreement to initiate work towards implementing advanced small modular reactors in Poland, following the September collaboration announcement between the two parties. The definitive agreement between NuScale Power, whose SMR is the first and only small modular reactor to receive design approval from the US Nuclear Regulatory Commission, and KGHM, a Poland-based leader in copper and silver production and large industrial energy user, will position KGHM as a clean energy implementation leader with the first deployment of SMRs in Poland. Under this agreement, NuScale will work with KGHM to support the deployment of SMR technology, and together, the organizations will take steps toward deploying a first NuScale VOYGR power plant in Poland as early as 2029, which would help Poland avoid up to 8 miollion tonnes of CO2 emissions per year. The deployment of the VOYGR plant by 2029 is directly tied to the Climate policy of KGHM Polska Miedź and the Company’s new strategic direction - energy.The first task under the agreement will identify and assess potential project sites and develop project planning milestones and cost estimates. These activities support KGHM as it evaluates NuScale VOYGR plants as a coal repurposing solution for existing power plants, as well as opportunities to deploy VOYGR plants to provide safe, carbon-free, reliable energy for their operations and to support other Polish industrial energy users.KGHM and NuScale first began their collaboration in September 2021, after the two parties signed a memorandum of understanding to collaborate in the development, licensing and construction of a NuScale VOYGR plant in Poland. This new commercial agreement marks a significant milestone in NuScale’s progress towards commercialization and advancing clean, reliable, and affordable energy in Poland.KGHM is involved in the mining and processing of valuable natural resources. At its heart is the largest deposit of copper ore in Europe, located in south-western Poland.
