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Saturday, September 30, 2023

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KGHM has signed a contract with NuScale for small nuclear reactors in Poland

The Polish copper giant has concluded a contract for the implementation of small modular reactors (SMR) in Poland. A landmark agreement was signed in Washington in the presence of Deputy Prime Minister Jack Sasin and representatives of the American administration.

As part of the concluded agreement, KGHM and NuScale will implement the SMR technology in Poland. The first power plant will be operational by 2029. This will allow Poland to avoid as much as 8 million tonnes of CO₂ emissions annually. Clean energy will power the production divisions of the copper company. The project is modular, which means trouble-free scale-up.

The construction of small nuclear reactors by 2029 is the implementation of the goals contained in KGHM’s strategy: CO₂ reduction and energy independence. In 2021, the copper giant also published an ambitious Climate Policy.

“KGHM is proud to lead the initiation of a 100% carbon free energy project, delivering on its commitment to lead efforts to decarbonize. The SMR technology will increase the company’s cost efficiency and transform the Polish energy sector” said Marcin Chludziński, President of the Management Board of KGHM Polska Miedź S.A. 

NuScale Power’s modular nuclear reactor technology generates electricity and heat. It also allows desalination and the production of hydrogen. It is a unique solution, the only one among the technologies of small modular reactors, approved by the United States Nuclear Regulatory Commission. KGHM, a leader in the production of copper and silver, will be the first to implement SMR in Poland.

“In the global race to rapidly decrease emissions worldwide, NuScale’s technology presents the perfect solution to reach this goal while simultaneously bringing economic prosperity to host countries” said John Hopkins, NuScale Power President and Chief Executive Officer. “NuScale is proud to partner with KGHM, an experienced innovation leader, and we are excited to work together to bring forth the next era of advanced clean energy deployment and confront the climate crisis.”

NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale’s scalable design—power plants that can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with more than 70 years supporting  nuclear projects.

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