Copper miner KGHM to deploy small nuclear reactors for its operations in Poland
(Kitco News) - KGHM, the Polish copper mining giant, today announced that it has signed a joint commitment with the companies NuScale Power, an American leader amongst producers of small modular reactors technology, and with PBE Molecule, to develop small nuclear reactor (SMR) technology.
The company said that under the signed agreement, NuScale will support KGHM with the implementation of SMR technology to replace existing coal-based energy sources. This clean energy is expected to provide power to the copper company's production plants.
KGHM added that this cooperation involves the development and construction of 4 SMRs, with the option of up to 12 (with installed capacity of around 1GW). Completion of the project is expected by the end of 2030.
"This will potentially be the largest installation of its type in the world,” the company said in its statement.
NuScale's technology for small nuclear reactors enables the production of clean, renewable and cost-effective energy, KGHM noted.
"SMR technology will not only help us to protect the environment but will also substantially reduce the costs of operating our business. This is one of the recently-announced initiatives aimed at growing the company, and we plan to generate power commercially in order to assist in the green transformation of Poland and bring down costs for the average household," stated President Marcin Chludziński.
In accordance with its signed commitment, KGHM said it will not only be a recipient of the final product, but will also actively participate in the development of this technology.
KGHM is advancing projects involving the construction of PV plants on the grounds of its facilities, is a signer of an agreement aimed at developing offshore wind farms in Poland, and is now adding energy from small nuclear reactors to this mix, the company said.