On March 11, 2024, at the headquarters of the Industrial Development Agency in Warsaw, a cooperation agreement was signed between ŚGP INDUSTRIA and the British investment fund Chiltern Vital Group. This event is related to our “Industria Nuclear Days 2024” conference.
During the press conference in Warsaw after signing the agreement, the parties expressed their views on the importance of this agreement:
Cezariusz Lesisz, President of the Management Board of the Industrial Development Agency
“The development of the SMR program is one of the important elements in shaping the Polish energy mix of the future. I am glad that Industria, a company from the ARP Capital Group, is one of the leaders in this process.”
Chris Turner, CEO of Chiltern Vital Group
“CVG is excited about the prospects that may result from signing a strategically important cooperation agreement with Industria in Poland today. SMR technology can only be implemented at the required scale through long-term public-private and international partnerships. We are very pleased to have leading public and private sector partners on our major projects in the UK, such as the Western Gateway and the Rolls Royce SMR in the planned Berkeley/Oldbury ‘Severn Edge’ development zone, and to be a significant partner in the Yorkshire Energy Park Freeport. Today, we have significantly expanded our international SMR-related technology collaboration through an agreement with Industria.”
We cooperate with Rolls-Royce SMR on the basis of a Memorandum of Intent signed in 2022. Today, we are expanding the group of partners by signing a letter of intent to cooperate with the British investment fund Chiltern Vital Group (CVG) in the development of SMR technology in Poland. The signing of the agreement is another step in cooperation between Polish-British public-private partnerships of strategic importance.
The main provisions of the agreement include cooperation in the following areas:
- training and development of skills of Polish students and specialists,
- exchange of know-how to accelerate the licensing process of components dedicated to the nuclear industry,
- joint development of related technologies to create future large low-carbon regional technology parks,
- creating private financing models to ensure the viability of SMR projects.
ABOUT PARTNERS:
Chiltern Vital Group (CVG) is a London-based zero emissions energy and technology developer with an established record of developing and delivering large regional multi-sector projects with world-class partners.
CVG‘s board and management team have an outstanding reputation for delivering multi-million pound projects, while creating long-term socio-economic legacies for local and regional communities of all ages.
CVG is working with Rolls-Royce SMR to create zero emissions regional energy projects, has begun the process of acquiring the Gloucestershire Science and Technology Park in Berkeley, which is adjacent to the former Magnox nuclear reactor site, to create an international science, training, R&D and technology park of global importance.
Rolls-Royce SMR s the first British nuclear technology to enter the domestic market in over 20 years – providing a British solution to the global energy problem. Each small modular reactor will produce enough stable, affordable, emissions-free energy to power one million homes for at least 60 years.
The Rolls-Royce SMR has received UK Government funding of £210 million under Phase 2 of the Low-Cost Nuclear Challenge Project administered by UKRI, which has been complemented by £280 million of private capital. The aim of this government support is to accelerate the Rolls-Royce SMR project and progress to at least stage two of the project assessment (GDA) carried out by the independent nuclear industry regulators: the Office for Nuclear Regulation (ONR), the Environment Agency and Natural Resources Wales.
