• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 4 hours U.S. Presidential Elections Status - Electoral Votes
  • 8 hours Tesla Semi
  • 7 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 1 day Mail IN Ballot Fraud
  • 10 hours “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
  • 2 days WTI / ​​​​​​​Price Forecasting 
  • 1 day Nord Stream 2 Halt Possible Over Navalny Poisoning
  • 2 days Russia loses its chance to capture the EU gas market
  • 2 days Deceptions Revealed about the “Nord Stream 2 Pipeline” and Germany
  • 2 days “Did Authorities Do Enough To Find Out Why Oil Prices Went Negative?” By Irina Slav – Nov 26th

Poland Strikes $18 Billion Nuclear Power Deal With U.S.

The United States and Poland closed a nuclear power deal potentially worth $18 billion as the Central European country seeks to reduce its reliance on coal and Russian natural gas.

While the deal is not yet final, there is a pretty good chance that Warsaw will pick the U.S. over its main competitors on the international nuclear energy scene, namely China and Russia.

“We are hopeful that the ultimate decisions that are made by Poland ... over a period of time will result in them choosing U.S. technology,” Energy Secretary Dan Brouillette told reporters as quoted by Reuters.

Poland wants to build six nuclear reactors to supplement its gas imports. Currently, it imports a lot of gas from Russia, but given the less than friendly bilateral relations, it wants to cut these off, and soon, by 2022, Reuters notes. Instead, it would import pipeline gas by Norway and liquefied natural gas from, among others, the United States.

Yet Poland also relies heavily on coal-fired power plants, and this goes counter to the EU’s ambitions for a net-zero economy in 2050. The only way to reduce or even eliminate its coal use is to replace that cheap energy with another comparable generational capacity.

The agreement closed this week stipulates that over the next 18 months, the parties will develop a program for the construction of the reactors and how they will be financed. Per plans, the first reactors should come online in 2033. The whole program could end up costing Warsaw some $40 billion, of which at least $18 billion would go towards acquiring U.S. nuclear technology, according to a U.S. government official.

Poland’s government plans to build between 6 and 9 GW of nuclear capacity by 2040, but it will also invest in renewable energy, planning between 8 and 11 GW in offshore wind power capacity.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Van Snyder on October 26 2020 said:
    A fast-neutron reactor can consume all the actinides. The long-life isotopes in "nuclear waste" are unburned fuel. If you separate caesium and strontium from other fission products, you only need to store 92 kg/GWe-yr for 300 years. Half the remaining fission products are innocuous before thirty years, and the rest aren't even radioactive.

    Only a fast-neutron reactor can consume all the actinides.

    I hope they buy GE/Hitachi S-PRISM reactors and build a pyroelectric fuel processing system to close the nuclear fuel cycle. Read "Plentiful Energy" by Charles E. Till and Yoon Il Chang. The alternative is the Russian BN-800, which I think they won't want.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News