13/01/2023

Respect Energy and EDF signed an agreement for the development of nuclear power projects in Poland

Respect Energy and EDF signed an Exclusive Cooperation Agreement for the development of nuclear power projects in Poland based on NUWARD™ SMR technology.

During a dedicated event organised at the French Embassy in Poland and in the presence of H.E. Frederic Billet, Ambassador to France in Poland, Respect Energy and EDF announced the signature of an Exclusive Cooperation Agreement to jointly develop nuclear power projects in Poland based on NUWARD ™ SMR technology on specific sites.

This agreement marks Respect Energy’s and EDF’s firm intention to jointly proceed with the development of SMR projects in Poland and confirms the strong interest towards NUWARD™ technology which has been selected by the energy trader to expand its footprint in the nuclear energy field. Respect Energy and EDF will now jointly start the evaluation process of specific new greenfield sites and continue to work on detailing the business and financing plans for this endeavour.

This partnership between EDF, the largest nuclear operator worldwide and developer of NUWARD™ SMR, and Respect Energy, a leading European operator and trader of renewable energy based in Poland, is testimony to EDF’s commitment to deploying a European nuclear strategy for new constructions, with its European SMR complementing its EPR offering to Poland.

EDF has recently reaffirmed its offer based on the EPR technology to support the ambitions of the Polish Nuclear Power Programme to deliver up to 9 GWe of nuclear output by 2043. With its large EPR family power reactors complemented by its NUWARD™ SMR, EDF has a complete European offering to help decarbonise the Polish economy and enhance the country’s energy security.

Sebastian Jabłoński, Chairman of Respect Energy Holding said: Respect Energy is proud to be a part of the SMR development projects in Poland. Teaming up with EDF – world’s largest nuclear operator – will allow us to both support the energy transition in Poland as well as contribute to meet demands of safe and carbon-neutral electricity. By signing an exclusive cooperation agreement we start an ambitious project of deploying first European SMR in our country which will help us to decarbonize Polish economy and will expand our growing portfolio of zero-emission assets”.

Vakisasai Ramany, EDF Senior Vice-President in charge of New Nuclear Development said: EDF is delighted to join forces with Respect Energy, a European energy market player based in Poland specialised in green energy projects. With this cooperation agreement we are moving ahead with the first European SMR project in Poland, contributing to energy sovereignty and Polish transition towards low carbon sustainable electricity production means. With our reactor portfolio, we are committed to meet the Polish civil nuclear ambitions with both large power and SMR technologies

About EDF

As a major player in energy transition, the EDF Group is an integrated energy company active in all businesses: generation, transmission, distribution, energy trading, energy sales and energy services. EDF group is a world leader in low-carbon energy, having developed a diverse production mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group is involved in supplying energy and services to approximately 38.5 million customers (1), of whom 29.3 million in France (2). It generated consolidated sales of €84.5 billion in 2021. EDF is listed on the Paris Stock Exchange.

 (1) Since 2018, customers are counted per delivery site. A customer can have two delivery points: one for electricity and another one for gas.

(2) Including ÉS (Électricité de Strasbourg) and SEI.