Orlen Synthos Green Energy Sp Z O O

What Orlen Synthos Green Energy Sp Z O O does

Orlen Synthos Green Energy sp. z o.o. (OSGE) is a Polish nuclear energy joint venture established in June 2022 between ORLEN S.A. and Synthos Green Energy S.A. (each holding 50%), developing a fleet of up to 26 GE Vernova Hitachi BWRX-300 small modular reactors across six Polish locations with the first unit targeted for 2032 in Włocławek. The company's core product is the BWRX-300, a 300 MWe water-cooled, natural circulation SMR with passive safety systems enabling self-cooling for a minimum of 7 days without power or operator intervention; the design leverages the licensed ESBWR licensing basis and uses GNF2 nuclear fuel already in serial production.

OSGE serves three primary customer segments: the Polish power grid and electricity sector (baseload replacement for decommissioned coal capacity), large industrial enterprises requiring stable zero-emission power (with dedicated SMR plants adjacent to manufacturing sites), and district heating operators seeking to decarbonize municipal heat networks. The company also signals emerging demand from data centers via a partnership with the Polish Data Center Association. Offtake commitments include a cooperation agreement with the City of Włocławek (up to 6 reactors), partnership with ARP for the Stalowa Wola Strategic Investment Park (~1,000-hectare industrial zone), and an EU-first Contract for Difference application covering 14 units across three locations.

OSGE's business model is pre-revenue project development with revenue mechanics structured around long-term electricity and heat sales contracts, government-backed Contracts for Difference, and enterprise power supply agreements. Distribution is direct enterprise sales to industrial and municipal customers with multi-year cycles involving regulatory approvals, environmental assessments, and government support mechanisms. The company has assembled an ecosystem of partners spanning technology (GE Vernova Hitachi, Hitachi), construction (Aecon, AtkinsRéalis), fuel cycle (Orano), operator training (Laurentis Energy Partners, OPG), and financing (potential US EXIM/DFC support up to $4 billion, plus four Polish banks). Headcount stands at 80+ specialists, and the company is funded through its parent shareholders without external equity rounds.

Name

Orlen Synthos Green Energy Sp Z O O

Legal name

ORLEN SYNTHOS GREEN ENERGY SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ

Website

https://osge.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Orlen Synthos Green Energy is a Polish nuclear joint venture between ORLEN and Synthos Green Energy deploying GE Vernova Hitachi BWRX-300 small modular reactors. The company targets industrial enterprises, district heating operators, and Polish power grid customers with planned fleet of up to 26 SMR units across six locations.

Ownership category

akta.pro rank

Product category

Nuclear Power Generation (Small Modular Reactor Deployment)

NAICS

Nuclear Electric Power Generation (221113)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Boiling Water Reactor (BWR) Power Generation (EUACADAB)

akta.pro secondary industries

Gen III/III+ Reactor Systems & Components (EUAKADAB), Reactor Protection, Safety Systems & Engineered Safeguards (ECCS, Containment Isolation) (EUAKADAI)

Keywords

• Small modular reactors
• Nuclear power deployment
• Baseload electricity supply
• District heating solutions
• Zero-emission energy

Headquarters

HQ city

Warszawa

HQ country

Poland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Infrastructure, Supply Chain, Personnel, Operations

Revenue model

1. Electricity Generation and Sales: OSGE will generate and sell zero-emission electricity from BWRX-300 reactors to the power grid, industrial customers, and district heating systems. Revenue derived from electricity sales contracts, feed-in mechanisms, and potential contracts for difference with government support.
2. District Heating Supply: SMRs provide heat to municipal district heating networks, enabling decarbonization of heating systems. Revenue from heat sales to municipalities.
3. Industrial Power Supply Contracts: Direct supply agreements with large industrial facilities located near SMR plants, providing stable zero-emission power for competitive industrial operations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

OSGE develops, deploys, and will operate a fleet of GE Vernova Hitachi BWRX-300 Small Modular Reactors in Poland to generate zero-emission baseload electricity, supply industrial power to large enterprises, and provide decarbonized heat to municipal district heating systems. The BWRX-300 is a 300 MWe water-cooled, natural-circulation reactor with passive safety systems, designed to replace decommissioned coal-fired capacity and support industrial competitiveness. The company is implementing a program to build up to 26 reactor units across multiple Polish locations, with the first commercial unit targeted for 2032.

Product overview

Orlen Synthos Green Energy (OSGE) is implementing a fleet deployment program for Small Modular Reactors (SMRs) based on the GE Vernova Hitachi BWRX-300 technology. The core product is the BWRX-300, a 300 MWe water-cooled natural circulation SMR with passive safety systems. The company's offering centers on building multiple reactor units across Poland to provide baseload electricity, industrial power supply, and district heating. The BWRX-300 leverages the 10th generation of BWR technology, building on decades of proven GE-Hitachi reactor experience. OSGE's fleet program targets multiple locations throughout Poland with plans for up to 26 units, with the first commercial unit targeted for 2032 in Włocławek.

Differentiator

Problem solved

Functional benefit

Products and services

• BWRX-300 Small Modular Reactor The BWRX-300 is a 300 MWe water-cooled, natural-circulation Small Modular Reactor with passive safety systems, the 10th generation of GE Hitachi BWR technology. It enables stable baseload electricity and heat generation for municipalities, industrial off-takers, and district heating networks.
• SMR Fleet Deployment Program A program to deploy up to 26 BWRX-300 reactors across six Polish locations (Włocławek, Stawy Monowskie, Stalowa Wola, Ostrołęka, Dąbrowa Górnicza, Kraków-Nowa Huta) to deliver zero-emission baseload electricity and heat. The first commercial unit is targeted for 2032 in Włocławek.
• District Heating Solutions BWRX-300-based supply of heat to municipal district heating networks, enabling decarbonized, low-cost heat delivery for municipal residents and industrial users.

Quantifiable outcome

• 60% lower capital cost per MW compared to typical water-cooled SMR
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered major, minor and core.

• Miasto Włocławek (City of Włocławek)majorStrategic or Co-development Partner · 29 June 2026Cooperation agreement for construction of up to 6 BWRX-300 reactors. Joint communication, education, and information exchange. Local information center planned.
• Akademia Sztuki Wojennej (War Studies University)majorStrategic or Co-development Partner · 26 June 2026Cooperation for workforce development for SMR fleet construction and operation. Support for military security perspective on nuclear energy. Education and public information on SMRs.
• Agencja Rozwoju Przemysłu S.A. (ARP)majorStrategic or Co-development Partner · 16 April 2026Industrial development agency managing Tarnobrzeska Special Economic Zone Euro-Park Wisłosan. Letter of intent for OSGE investment in Stalowa Wola Strategic Investment Park. ARP potentially as investor in special purpose vehicle.
• Łukasiewicz Research NetworkmajorStrategic or Co-development Partner · 6 February 2026Partnership to establish Nuclear Energy Training Center at Łukasiewicz-Instytut Elektrotechniki in Warsaw Wawer. Seven cooperation areas including R&D, commercialization, simulator development, and workforce certification.
• Orano GroupmajorStrategic or Co-development Partner · 5 November 2025Framework agreements for nuclear fuel cycle support for SMR fleet in Central-Eastern Europe. Part of European supply chain development.
• Polish Data Center Association (PLDCA)minorGTM or Marketing Partner · 8 July 2025Working group established for cooperation between data center industry and SMR sector. OSGE and PLDCA creating joint working group for energy supply.
• Ontario Power Generation (OPG)coreStrategic or Co-development Partner · 14 November 2024Canadian utility building first BWRX-300 at Darlington. Letter of intent for services to OSGE including operator competency building. Sharing experience from first deployment.
• Laurentis Energy PartnerscoreStrategic or Co-development Partner · 14 November 2024OPG subsidiary supporting OSGE with Preliminary Safety Report (PSAR) preparation for first EU BWRX-300. Leveraging Canadian deployment experience. Contract for nearly two years of work across four locations.
• Hitachi GroupmajorTechnology or Integration · 31 October 2024Strategic cooperation in IT, engineering services, and grid connections for SMR fleet. Hitachi Europe implementing solutions for Polish and European SMR market.
• Aecon and AtkinsRéaliscoreImplementation/ SI/ Consulting Partner · 28 June 2024Construction partners responsible for first BWRX-300 in Canada. Agreements with OSGE for Polish deployment leveraging Canadian first-of-a-kind experience.
• nucleareuropeminorGTM or Marketing Partner · 22 March 2024OSGE joined European Industry Alliance on SMRs and nucleareurope association representing over 3,000 nuclear industry entities.
• Rumina VelshimajorOthers · 7 February 2024Former President and CEO of Canadian Nuclear Safety Commission (CNSC) as advisor to OSGE Management Board. Strategic advisory on nuclear regulation and deployment.
• Emirates Nuclear Energy Corporation (ENEC)minorStrategic or Co-development Partner · 11 September 2023Cooperation on SMR development announced in London. Technology and deployment experience sharing.
• Laurentis Energy PartnerscoreStrategic or Co-development Partner · 13 October 2022Master Services Agreement for SMR development and deployment support in Poland. Part of OPG ecosystem.
• GE Vernova Hitachi Nuclear Energy (GEH/GVH)coreTechnology or Integration · 1 June 2022Technology provider for BWRX-300 SMR. OSGE selected GE Hitachi as technology vendor because BWRX-300 is the world's most advanced and proven SMR technology. Poland Generic Design Agreement signed February 2026 for adaptation to Polish regulations.

Scale indicators8 records

Recent moves8 records

Expansion highlights7 records

Emerging players

• Terrestrial Energy: Canadian molten salt reactor (IMSR) developer pursuing industrial and district-heat SMR markets; an emerging alternative reactor technology competing for European industrial heat decarbonization contracts overlapping OSGE's district heating pitch.

Broad incumbents

• GE Hitachi Nuclear Energy: Core technology vendor for OSGE and developer-owner of the BWRX-300 design, fuel, and safety software; comparable as the incumbent provider of the underlying reactor technology upon which OSGE's entire deployment program is built.
• Westinghouse Electric Company: Global nuclear OEM offering the AP1000 and developing an SMR (AP300) for industrial and utility customers; overlaps with OSGE's baseload and industrial deployment categories as a broad incumbent nuclear player expanding into the SMR segment.

Direct peers

• Tennessee Valley Authority: US public utility evaluating the BWRX-300 for the Clinch River site and listed as a strategic partner on the OSGE website; pursues the same reactor design as OSGE, making it a direct fleet-builder peer.
• Rolls-Royce SMR: UK-based SMR developer with strong government backing pursuing a fleet program of 470 MWe PWR-class SMRs; directly comparable in scope (fleet deployment, state-supported financing, European baseload replacement) to OSGE's Polish BWRX-300 program.
• X-energy: US developer of the Xe-100 high-temperature gas-cooled SMR; pursued for industrial decarbonization and data center power, overlapping with OSGE's industrial and cogeneration use cases, and competing for similar European industrial off-takers.
• NuScale Power: American SMR developer whose 77 MWe VOYGR module is the only SMR with full US NRC design certification; targets industrial, data center, and utility customers, overlapping OSGE's segment focus and competing head-to-head for European SMR projects.
• Last Energy: US/Polish-affiliated developer of small 20 MWe microreactors targeting European industrial sites and district heating; directly overlaps OSGE's European industrial SMR deployment thesis and pursues Polish and Central European customers.
• Holtec International: US-headquartered developer of the SMR-160, a 160 MWe pressurized light-water SMR; competes with OSGE in the European SMR market for industrial, district heat, and baseload applications and pursues a similar fleet deployment strategy.
• Ontario Power Generation: Canadian utility taking Final Investment Decision in April 2025 on the world's first commercial BWRX-300 at Darlington; sharing operator competency and PSAR experience with OSGE under a 2024 letter of intent and Laurentis master services agreement, making it the most directly comparable SMR deployment project in the OSGE ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ORLEN_Synthos
• LinkedInlinkedin.com/company/orlen-synthos-green-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orlen Synthos Green Energy Sp Z O O