Paks II
- Company typePrivate
- Founded2012
- HeadquartersPaks, Hungary
- Headcount251–500
- GTM typeB2B
- OfferingServices
Paks II firmographics
Firmographics- Name
- Paks II
- Legal name
- Paks II. Atomerőmű Zártkörűen Működő Részvénytársaság
- Website
- https://mvmpaks2.hu
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Paks II industry classification
Industry- Product category
- Nuclear Power Generation
- NAICS
- Nuclear Electric Power Generation (221113), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Mechanical, Electrical & Piping Installation (MEP) (EUAKAAAG)
- akta.pro secondary industries
- Instrumentation & Control (I&C) Integration & Commissioning Support (EUAKAAAH), Nuclear Steam Supply System Components & Turbine Islands (IMAHAFAG), Reactor Instrumentation & Control (I&C) Platforms (Safety/Non-safety, Digital Upgrades) (EUAKADAH), Reactor Protection, Safety Systems & Engineered Safeguards (ECCS, Containment Isolation) (EUAKADAI)
Keywords
Where Paks II is headquartered
LocationHeadquarters
- HQ city
- Paks
- HQ country
- Hungary
- HQ region
- Europe
Offices1 record
Markets served
Paks II business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain
Revenue model
- Electricity Generation: Once operational, Paks II will generate electricity for Hungary's national grid. Revenue will be derived from electricity sales to consumers and industry through the national electricity market. The plant has a planned operational lifetime of at least 60 years with a power capacity factor exceeding 90%.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Paks II product offering
Product offeringCore offering
Paks II is a Hungarian state-owned project company that develops and constructs two new VVER-1200 nuclear reactor units (Blocks 5 and 6) at the existing Paks nuclear power plant site. The project is delivered under a fixed-price turnkey contract valued at 12.5 billion EUR with Russian contractor ASE. Once operational, the plant will supply baseload electricity to the Hungarian national grid for at least 60 years.
Product overview
Paks II is a nuclear power plant construction project in Hungary involving the development of two new reactor blocks (Units 5 and 6) using advanced 3+ generation technology. The project includes supporting infrastructure such as a Training and Simulator Center (Oktató- és Szimulátorközpont) for operator training, an on-site concrete plant (Betonüzem), and the Power Plant Investment Center (Erőmű-beruházási Központ). The project represents Hungary's largest domestic investment, featuring robust safety systems including core melt traps (zónaolvadék-csapda) and dual-wall containment structures. The construction phase involves extensive earthworks, foundation work, and infrastructure development at the Paks site.
Differentiator
Problem solved
Functional benefit
Products and services
- Paks II Nuclear Power Plant (Blocks 5 & 6) Two new nuclear reactor blocks using 3+ generation VVER-1200 technology, designed to provide baseload electricity to the Hungarian national grid. Targeted at the Hungarian state, national electricity infrastructure, and the Hungarian population, with an operational lifetime of at least 60 years and a capacity factor exceeding 90%.
Quantifiable outcome
- 17 million tonnes CO2 savings annually, equivalent to Hungary's entire transport sector emissions
- +3 more outcomes
Companies that use Paks II
Customer profileSegments1 record
Ideal customer profiles1 record
Paks II technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Paks II partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Atomsztrojekszport (ASE) / Russian Main ContractorcoreThe main contractor for Paks II construction is Atomsztrojekszport (ASE), a Russian state-owned nuclear energy company. The turnkey fixed-price contract covers design, construction, and initial fuel supply. The project uses Russian VVER-1200 reactor technology. Hungarian state ownership of the project is maintained throughout.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Paks II competitors and assessment
Company assessmentRegional players
- ČEZ Group: Czech state-influenced utility that operates the Dukovany and Temelín nuclear plants and is currently developing new nuclear capacity at Dukovany. Comparable as a Central European state-linked nuclear operator pursuing new-build expansion in a similar regulatory and geopolitical context.
Direct peers
- Teollisuuden Voima Oy (TVO): Finnish nuclear operator that completed the Olkiluoto 3 (EPR, Gen III+) new-build project, one of Europe's most-watched nuclear project deliveries. Directly comparable as a dedicated nuclear project company delivering a single Gen III+ plant, sharing similar fixed-price/EPC structure and European regulatory environment.
- Emirates Nuclear Energy Corporation (ENEC): UAE state-owned project company that built the Barakah nuclear power plant (4 × APR1400 reactors). A near-perfect structural analog: dedicated state-owned project company delivering multiple reactors of foreign design under a single national program with state off-take.
- Akkuyu Nükleer A.Ş. Turkish project company building Turkey's first nuclear plant using four Russian VVER-1200 reactors, with Rosatom/ASE as the EPC contractor. The most direct peer: same Russian VVER-1200 technology, same Russian contractor, same state-driven project-company structure, and same multi-reactor delivery model.
- Georgia Power (Plant Vogtle Units 3 & 4): Southern Company subsidiary that completed the first new nuclear units built in the US in 30 years (AP1000). Comparable as a regulated-utility project company that delivered Gen III+ new-build under fixed-price EPC with state-regulated off-take and a multi-year construction timeline.
Others
- Westinghouse Electric Company: US-based Gen III+ nuclear technology provider (AP1000) competing with VVER-1200 in Central/Eastern European new-build tenders. Comparable as a potential alternative reactor vendor whose technology choice would have reshaped Paks II's cost and risk profile.
- Bechtel Corporation: Global EPC contractor with deep nuclear new-build experience (Vogtle, Hanford). Comparable as a nuclear EPC ecosystem participant whose engagement model is the alternative to ASE for large-scale nuclear project delivery.
- MVM Group: Hungarian state-owned energy group and the parent/related entity that will likely be the off-taker for Paks II's electricity output. Compares as the state utility ecosystem in which Paks II sits and the natural commercial counterparty for the project's future generation revenue.
- JSC Atomstroyexport (ASE Group / Rosatom): Russian state-owned nuclear EPC contractor and the actual builder of Paks II under the €12.5B turnkey contract. Material counterparty for project execution; comparable as a nuclear EPC contractor delivering VVER-1200 plants internationally.
Broad incumbents
- EDF (Électricité de France): France's state-owned nuclear utility and one of the world's largest nuclear operators, currently executing the Hinkley Point C new-build project in the UK. Highly comparable as a state-backed nuclear operator executing multi-billion-euro Gen III+ new-build projects under fixed-price frameworks.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Paks II social profiles
Digital presencePaks II financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paks II leadership team
Management profileNumber of profiles
Profiles2 records
Paks II funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paks II M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paks II
What does Paks II do?
Paks II is a Hungarian state-owned project company that develops and constructs two new VVER-1200 nuclear reactor units (Blocks 5 and 6) at the existing Paks nuclear power plant site. The project is delivered under a fixed-price turnkey contract valued at 12.5 billion EUR with Russian contractor ASE. Once operational, the plant will supply baseload electricity to the Hungarian national grid for at least 60 years.
Is Paks II a public or private company?
Paks II is a private company. It is classified as state government owned and is currently operating.
When was Paks II founded?
Paks II was founded in 2012. It employs 251 to 500 people.
Where is Paks II based?
Paks II is headquartered in Paks, Hungary, in the Europe region.
How does Paks II make money?
One revenue line is on record: electricity Generation.
Who are Paks II's main competitors?
ČEZ Group is listed as a regional player. Direct peers are Teollisuuden Voima Oy (TVO), Emirates Nuclear Energy Corporation (ENEC), Akkuyu Nükleer A.Ş. and Georgia Power (Plant Vogtle Units 3 & 4). Others are Westinghouse Electric Company, Bechtel Corporation, MVM Group and JSC Atomstroyexport (ASE Group / Rosatom). EDF (Électricité de France) is listed as a broad incumbent.
Does Paks II have an API?
No public API is recorded for Paks II.
What industry is Paks II in?
Paks II's product category is Nuclear Power Generation. Its primary akta.pro industry code is EUAKAAAG, Mechanical, Electrical & Piping Installation (MEP), with a secondary code of EUAKAAAH, Instrumentation & Control (I&C) Integration & Commissioning Support. Its NAICS code is 221113 and its SIC code is 3510.