United States Offers $4 Billion to Fund Poland's Push into Nuclear Energy

Poland hopes to develop 20 small modular reactors by 2030 to move away from coal and lessen dependence on Russian energy.
The U.S. Export-Import Bank and U.S International Development Finance Corporation have agreed to lend up to $4 billion to the ORLEN Synthos Green Energy project for developing small nuclear reactors.
Poland's prime minister said the country needs "cheap, clean and reliable energy" that the new reactors will provide for decades.
Orlen, Poland's largest petroleum company, expects the first small reactor to launch in 2029 and believes only nuclear power can ensure energy security as renewable sources come and go.
The Polish government chose American company Westinghouse Electric to build the country's first large nuclear power plant, set to start operating in the 2030s.