POWER Magazine•4 days ago
Bulgarian Group Has Deal to Build Up to Six BWRX-300 SMRs
Key Takeaway
This deal highlights the accelerating global adoption of SMR technology, offering a new firm, carbon-free generation option for developers and large power consumers.
AI Summary
- •A joint venture (JV) between Bulgarian energy company Blue Bird Energy AD and European developer SGE S.A. has signed a letter of intent to deploy up to six GE Vernova Hitachi (GVH) BWRX-300 SMRs in Bulgaria.
- •This announcement signifies a substantial new SMR project pipeline in Europe, underscoring the growing commercialization and global interest in small modular reactor technology.
- •For developers, this indicates a maturing market for SMRs as a firm, carbon-free generation asset, potentially opening new investment and project development opportunities.
- •For large power consumers, SMRs represent a future option for stable, reliable, and emissions-free power, offering long-term energy security and potential for direct power purchase agreements (PPAs).
Topics
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Article Content
A Bulgarian energy company, along with a European project developer, has signed a letter of intent for a joint venture (JV) that could build a fleet of as many as six small modular reactors (SMRs) in the country. Blue Bird Energy AD and SGE S.A. on December 22 announced the JV would deploy BWRX-300 SMRs from GE Vernova Hitachi (GVH). The post Bulgarian Group Has Deal to Build Up to Six BWRX-300 SMRs appeared first on POWER Magazine .