Synthos Green Energy (SGE), a leading European developer of clean and secure nuclear energy, 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 Synthos Green Energy 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 Synthos Green Energy 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 CEO Rafał Kasprów, SGE 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.
For media inquiries, please contact:
Mariusz Ilnicki
+48 668 48 36 73
mariusz.ilnicki@synthosgreenenergy.com
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