Last Energy Signs Letter Of Intent On Power Plant Project In Poland

U.S. small modular reactor developer Last Energy has signed a letter of intent with project manager DB Energy and with an economic developer in Poland, the Legnica Special Economic Zone, to tie them together to build a 10-reactor SMR power plant in southwestern Poland.

Last EnergyThe agreement also includes a purchase of energy stipulation that places LSEZ as the secured electricity customer for a period of 24 years according to media reports.

The 10 units combined would have a combined capacity of 200 MWe according to the World Nuclear Association.

Last Energy said the project would amount to a minimum of $1 billion investment and a minimum of $5 billion in electricity sales.

The design, construction, financing, plant maintenance and decommissioning operations are all covered in the contract.

“We’re taking another step not only towards green energy, but also to strengthen energy security,” said LSEZ President Przemyslaw Bozek.

"As one of the first in the world, we have the opportunity to apply such technology at home. We see a great opportunity and a number of benefits resulting from the implementation of investments, including achieving real zero emissions, increasing the attractiveness of the investment areas offered or building the competitive advantage of the zone and the investors operating here,” added LSEZ Vice President Ryszard Wawryniewicz.

"As one of the first in the world, we have the opportunity to apply such technology at home. We see a great opportunity and a number of benefits resulting from the implementation of investments, including achieving real zero emissions, increasing the attractiveness of the investment areas offered or building the competitive advantage of the zone and the investors operating here."

"Small nuclear power plants, in particular those produced by our partner Last Energy, are the future of large enterprises on their way to zero emissions,” said DB Energy CEO Dominik Brach.

Last Energy’s SMR power plant concept involves pressurized water reactor technology with unit capacities of 20 MWE or 60 MWt. The design would deploy a module concept for construction that is expected to cut construction time down to two years. The plant would then be viable for 42 years of operations.

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