SGE S.A. and Blue Bird Energy sign LOI to Partner on the Deployment of SMRs in Bulgaria
Today Blue Bird Energy AD and SGE S.A. announced the signing of a Letter of Intent (LOI) to establish a joint venture aimed at building a fleet of up to six BWRX-300 Small Modular Reactors (SMRs) in Bulgaria. The project will bring Bulgaria zero-emission, affordable, baseload electricity to power industry, support AI and other data centers, and decarbonize district heating. The BWRX-300, designed by the U.S. company GE Vernova Hitachi (GVH) is the most commercially advanced SMR on the market today. The 300-megawatt design is currently under construction in Ontario Canada and builds on GVH’s 65 years of experience developing proven nuclear technology. The new joint venture will work in Bulgaria to:• Select and prepare deployment sites.• Facilitate site and design licensing.• Manage construction and project development.• Coordinate project funding.• Ensure safe, reliable, and efficient commercial operation. Rafał Kasprow, CEO of SGE said: “Partnering with Blue Bird Energy will strengthen our European SMR development platform and help us deliver affordable energy that meets the needs of the Bulgarian people. With today’s announcement, Bulgaria joins the U.S., Canada, Poland, Hungary, and others who are in the process of deploying this world leading U.S. technology. We are confident that the Bulgarian economy will benefit from low-cost, reliable, baseload energy. Additionally, Bulgarian companies will play a significant role in the global BWRX-300 supply chain. Kalin Peshov, Chairman of the Board of Directors of Blue Bird Energy said: “We are excited to partner with energy frontrunners such as GE Vernova Hitachi (GVH) and SGE. The 65 years of nuclear experience of GVH and the proven track record of SGE bringing the BWRX-300 technology to Europe would be invaluable in supporting our mission to provide Bulgaria with secured long-term energy supply.