Polish companies Orlen and Synthos Green Energy (SGE) have agreed on a new operating model for their joint venture Orlen Synthos Green Energy (OSGE), paving the way for construction of Poland’s first BWRX-300 small modular reactor (SMR) near the central city of Wloclawek.

The new model means state-controlled energy company Orlen and privately owned SGE will each hold 50% of the shares and have equal rights in OSGE, including the ability to alternately appoint the chief executive officer and chairman. A representative from each company will hold these positions for a three-year term.

Another element of the agreement is a licensing agreement that gives OSGE direct access to the BWRX-300 technology, developed by them US company GE Vernova (GEV).