US helps lend billions to Poland so country can further develop nuclear energy, move away from coal

The U.S. government signed a deal Monday with Poland that will help the country develop small nuclear power reactors and become less dependent on domestic coal.

Poland is moving toward renewable energy and trying to become less dependent on domestic coal. And that effort has been accelerated by Russia's invasion, which has prompted Poland to become less dependence on Russian oil and gas, according to the Associated Press.

In a ceremony at the U.S. ambassador’s residence in Warsaw, the U.S. EXIM Bank signed a letter of interest to lend as much as $3 billion.

And the U.S International Development Finance Corporation – a federal agency that partners with the private sector – signed a letter of interest to lend as much as $1 billion to the ORLEN Synthos Green Energy project to develop roughly 20 small reactors designed by GE Hitachi Nuclear Energy, the wire service also reports.