Forwarded from Song of Oil and LNG
🇺🇸🇪🇺 US nuclear power projects in Europe
Westinghouse Electric Company is entering Europe energy market.
▪️Poland
Current Polish nuclear power programme accounts for for $31bn-$40bn. Six reactors will be build between 2026 and 2040. The first one, planned on the Baltic Sea coast 80 kilometres west of Gdansk is expected to start supplying electricity in 2033.
Besides Westinghouse France’s EDF was very interested to take part in this project, as well as KHNP from Korea. Poland still may reserve some room for Koreans to build a nuclear objects in addition to state's nuclear power programme.
Westinghouse is planning to supply it’s AP1000 pressurised water reactors. That’s not the most advanced option, since it was commissioned in 2005.
Poland is also interested in small modular reactors (SMRs), that are relatively cheap and flexible solution for regional power supply.
Now Poland’s electricity generation is depending mostly on coal and lignite. It’s electricity grid is one of the most carbon-intensive in Europe. Given that, nuclear power looks very promising, leaving apart the fact that US will be in full control of all nuclear generation in Poland.
▪️Bulgaria
Westinghouse signed a memorandum of understanding with the state-owned Bulgarian Energy Holding in May 2022. It’s main objective is to build a long-duration energy storage facility in Bulgaria.
▪️Slovenia
A memorandum of understanding has been signed in April 2022 with three Slovenian companies. It refers to co-operation on potential AP1000 nuclear power plant projects.
▪️Czech Republic
Memorandums of understanding were signed with ten companies in the Czech Republic in April 2022 as well. The documents cover cooperation on the potential deployment of an AP1000 plant for the Dukovany unit 5 project and potential AP1000 projects in Central Europe.
🔺We see clear transformation of the European nuclear energy market. Once dominated by France and Germany it gradually goes under the US control. According to estimation just Polish nuclear power programme alone will help to create more than 100 000 jobs in the US. It’s also worth mentioning that Westinghouse Electric Company will get not only contracts, but also control over European power grid and energy distribution mechanism. European countries racing to gain their “energy independence” simply channel their resources to the USA instead.
#USA #Poland #Bulgaria #Slovenia #CzechRepublic
@songofoil
Westinghouse Electric Company is entering Europe energy market.
▪️Poland
Current Polish nuclear power programme accounts for for $31bn-$40bn. Six reactors will be build between 2026 and 2040. The first one, planned on the Baltic Sea coast 80 kilometres west of Gdansk is expected to start supplying electricity in 2033.
Besides Westinghouse France’s EDF was very interested to take part in this project, as well as KHNP from Korea. Poland still may reserve some room for Koreans to build a nuclear objects in addition to state's nuclear power programme.
Westinghouse is planning to supply it’s AP1000 pressurised water reactors. That’s not the most advanced option, since it was commissioned in 2005.
Poland is also interested in small modular reactors (SMRs), that are relatively cheap and flexible solution for regional power supply.
Now Poland’s electricity generation is depending mostly on coal and lignite. It’s electricity grid is one of the most carbon-intensive in Europe. Given that, nuclear power looks very promising, leaving apart the fact that US will be in full control of all nuclear generation in Poland.
▪️Bulgaria
Westinghouse signed a memorandum of understanding with the state-owned Bulgarian Energy Holding in May 2022. It’s main objective is to build a long-duration energy storage facility in Bulgaria.
▪️Slovenia
A memorandum of understanding has been signed in April 2022 with three Slovenian companies. It refers to co-operation on potential AP1000 nuclear power plant projects.
▪️Czech Republic
Memorandums of understanding were signed with ten companies in the Czech Republic in April 2022 as well. The documents cover cooperation on the potential deployment of an AP1000 plant for the Dukovany unit 5 project and potential AP1000 projects in Central Europe.
🔺We see clear transformation of the European nuclear energy market. Once dominated by France and Germany it gradually goes under the US control. According to estimation just Polish nuclear power programme alone will help to create more than 100 000 jobs in the US. It’s also worth mentioning that Westinghouse Electric Company will get not only contracts, but also control over European power grid and energy distribution mechanism. European countries racing to gain their “energy independence” simply channel their resources to the USA instead.
#USA #Poland #Bulgaria #Slovenia #CzechRepublic
@songofoil
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