Blue Bird Energy AD and SGE S.A. today 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.
About SGE S.A.
SGE is a European SMR development platform founded in 2018 to bring affordable, clean, reliable nuclear energy to Europe. The company is a co-investor in the standard design for the world’s most commercially advanced SMR technology: the BWRX-300, designed by GE Vernova Hitachi Nuclear Energy. The combination of this proven technology with a disruptive business model has allowed SGE to become Europe’s leading developer of SMR projects. Currently, SGE is establishing partnerships and projects in more than a half-dozen European countries. Their flagship project is in Poland, where, in cooperation with global energy leader ORLEN, they have begun development at three separate sites and are on schedule to complete the first unit by 2032.
About Blue Bird Energy
Blue Bird Energy is a Bulgarian energy company established to secure the successful deployment of an SMR fleet in to ensure Bulgaria, recognizing the role of this emerging nuclear technology for guaranteeing stability, predictability, affordability and low emission electricity generation and baseload power. The mission of the company is to contribute to a clean, reliable, and secure Bulgarian energy system ensuring sustainable economic growth, national climate goals achievement, as well as security of energy supplies.
Main shareholders in Blue Bird Energy are two of the leading Bulgarian industrial corporations – Glavbolgarstroy (GBS) and Asarel-Medet JSC. GBS, founded in 1969, is the largest and most established construction and engineering group in Bulgaria and a major player on the South-Eastern European construction market. Asarel-Medet JSC is Bulgaria’s biggest copper mining and processing company, focused on open-pit mining and ore processing.
About BWRX-300 Technology
The BWRX-300 is a next-generation Small Modular Reactor (SMR) delivering zero-emission, reliable energy from a footprint no larger than a football field. Designed by GE Vernova Hitachi, a leader with nearly 65 years of nuclear expertise, this 10th-generation design combines proven technology with innovative simplification. With passive safety systems, modular construction, and projected capital cost reductions of up to 60% per MW, the BWRX-300 is projected to be the most competitive and quickest-to-market SMR. Compact, safe, and efficient, it represents a major leap forward in affordable, clean energy.
Media Contact
SGE
Mariusz Ilnicki
mariusz.ilnicki@sge.eu
BBE
Plamena Nenkova
pnenkova@bluebird-nrg.com
