IP3 signs on to nuclear plant development in Poland

September 20, 2021, 7:01AMNuclear News

McLean, Va.–based IP3 Corporation and Polish electricity producer Zespół Elektrowni Patnów-Adamów-Konin SA (ZE PAK) signed an agreement earlier this month regarding the development of nuclear power plants in Poland. IP3 is to be ZE PAK’s main advisor in the process, with Georgette Mosbacher, a former U.S. ambassador to Poland (2018–2021) who recently joined the IP3 board, leading the effort for the American company.

ZE PAK is currently involved in various initiatives associated with nuclear technologies for Poland, including a plan to use nuclear power for the production of hydrogen.

What they’re saying: “Nuclear power will play the key role in the global energy mix,” said Michael Hewitt, cofounder and chief executive officer of IP3 and a retired Navy rear admiral. “We want the highly industrialized countries to be able to tap into the existing technologies and to effectively pursue the climatic goals set for 2040. The plan, which will be among others implemented by the private sector, will enable Poland to successfully enter the demanding market and migrate to hydrogen and nuclear technologies.”

Entrepreneur Zygmunt Solorz, the majority shareholder of ZE PAK, commented: “Poland, its inhabitants, and economy need clean and cheap energy, and this can be provided in a short time with the use of nuclear technologies. Nuclear power projects, regardless of whether they are planned in Poland or abroad, must deal with complex regulatory issues and political circumstances. That is why we have turned to IP3, a renowned American consulting firm, for assistance in the project. We count on the cooperation to help us arrive at the right decisions in the areas in which we have no expertise.”

Noteworthy: Last year, ZE PAK announced that it would end the production of electricity from coal by 2030. “It is the most ambitious and the most concrete of the decarbonization declarations which have been made by Polish power engineering companies,” said ZE PAK CEO Piotr Wozny. “ZE PAK is already developing projects related to the production of clean and green energy, such as a hydrogen economy, wind farms, or the recently completed largest solar farm in Poland.”

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