SGE and Slovenské Elektrárne Sign MoU to Explore Deployment of SMRs in CEE
SGE S.A. and Slovenské Elektrárne (SE), the largest electricity producer in Slovakia, have signed a Memorandum of Understanding (MoU) to explore cooperation in the development of projects utilizing GE Vernova Hitachi’s BWRX-300 SMR technology. The MoU outlines the parties’ intention to collaborate on investment opportunities, licensing, and project development related to the deployment of SMRs in Slovakia and other Central and Eastern European countries. The cooperation may include the creation of joint ventures, equity and debt financing structures, and the development of regional supply chains. In particular, the parties will explore opportunities in:• Slovakia, Czech Republic and the United Kingdom: through local partnerships, investments in special purpose vehicles, and other business models agreed upon by both parties.• Digital infrastructure: by linking SMR projects with the development of data centers and related technologies. This strategic partnership reflects the growing momentum behind SMRs as a scalable, low-emission energy solution for Europe’s energy transition. The BWRX-300 is a Generation III+ reactor design that offers enhanced safety, simplified construction, and cost efficiency, making it a strong candidate for supporting national decarbonization and energy security goals.
SGE and Hunatom Sign LoI to assess the deployment of SMRs in Hungary
SGE S.A. and Hunatom have signed a Letter of Intent (LOI) to assess the deployment of BWRX-300 Small Modular Reactors (SMRs) in Hungary. Robert Palladino, U.S. Chargé d’Affaires to Hungary congratulated SGE S.A. and Hunatom by saying “The agreement signed today brings together Polish and Hungarian leadership with world-class American innovation: General Electric’s BWRX-300 small modular reactor, one of the most advanced and safest nuclear technologies available anywhere in the world. This is American engineering at its best” He continued by stating “the American commitment to helping our allies secure clean, reliable, and sovereign energy supplies for generations to come.”The LoI establishes a pre-framework for joint activities related to project development of the BWRX-300 units, a Generation III+ SMR technology developed by GE Vernova Hitachi Nuclear Energy (GVH). The parties aim to support Hungary’s long-term goals of energy security, economic competitiveness, and decarbonization. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said “We are facing increased electricity demand, the only way we can sustain on own, is nuclear, no question.” He continued “SMRs are the ideal solution for us”.The BWRX-300 is the most commercially advanced SMR on the market today. The reactor leverages GVH’s 80 years of experience to deliver a simple and innovative design which lowers costs and improves safety. Each unit has the ability to power more than 300,000 homes while significantly reducing the complexity and cost associated with traditional nuclear reactors. With today’s announcement, Hungary joins the United States, Canada, and Poland on the list of countries interested in the deployment of this advanced civil nuclear technology. Michał Sołowow, owner of SGE S.A. said: “I am here as an entrepreneur, but also as a Polish patriot. As a patriot, I know that our agreement is a step towards increasing the energy independence of the entire region, including Poland and Hungary. Thanks to GE Vernova Hitachi BWRX-300 technology, we can use clean energy to build a better world and ensure economic development in both our countries,”The agreement was signed by SGE S.A. CEO Rafał Kasprów, SGE S.A. Chief Business Development Officer Robert Rudich, and Hunatom Plc. Managing Director Róbert Griljov in presence of the Hungarian Foreign Minister Péter Szijjártó, Polish Chargé d’affaires Jacek Śladewski, and U.S. Chargé d’affaires Robert Palladino.