ORLEN Group secures over PLN 1.7 billion in National Recovery Plan funding for its hydrogen projects

Green H2 and Hydrogen Eagle – two strategic programmes of the ORLEN Group – have received a total of PLN 1.7 billion in non-repayable funding under the National Recovery Plan. The grant support will be used to produce renewable hydrogen via electrolysis powered by renewable energy sources, as well as low-emission hydrogen derived from municipal waste.

Strong earnings delivered by ORLEN Group in Q1 2025

In the first quarter of 2025, the ORLEN Group posted a 40% y/y increase in LIFO-based EBITDA, which reached PLN 11.6 billion, while net profit surged by over 50% to PLN 4.3 billion. Approximately 80% of the operating profit figure was attributable to the hydrocarbon upstream and downstream operations and to the energy business, where key strategic development projects are underway. These include the integration of new fields in Norway to soon bring them on stream, work to develop the Baltic Power offshore wind farm, upgrade of power distribution networks, and development of two CCGT projects. During the first quarter, the number of active users of the VITAY mobile app grew by 200 thousand, and ORLEN gained around 20 thousand new retail customers for gas and electricity. Over the period, ORLEN invested PLN 6.2 billion in strategic development projects supporting the energy transition, while reducing its net debt by over PLN 8 billion q/q.

Major Modernisation Programme for Poland’s Energy Networks

Energa Operator, a member of the ORLEN Group, has secured above PLN 7,5 billion from the National Recovery Plan to fund the largest power grid modernisation and digitalisation initiative in the company’s history, covering northern and central Poland. The project involves upgrading and constructing a total of 21,000 kilometres of power lines, which will enhance the country’s energy security and ultimately lower energy costs for end-users. A key component of this initiative is the planned integration of 9 GW of renewable energy sources, characterised by low variable production costs, along with energy storage facilities. The programme will also enable 200,000 new prosumers to connect to the grid. The total value of the programme, extending through 2035, amounts to PLN 40 billion.

ORLEN secures another PLN 900 million for expanding its energy network

ORLEN has entered into a second agreement with the European Investment Bank (EIB) to fund its strategic investment programme for building a modern electricity distribution network. The nearly PLN 1 billion in funding will go toward initiatives such as increasing the capacity for connecting renewable energy sources and installing 1,000 new electric vehicle charging points. The network expansion will also enhance the security of electricity supply for consumers.

ORLEN Group to invest PLN 3.5 billion in strategic programme to upgrade electricity distribution network

The ORLEN Group will implement a strategic investment program in the field of energy distribution networks, increasing the security and efficiency of electricity supplies in northern and central Poland. Financing for the program will be provided by the European Investment Bank (EIB), which has approved a PLN 3.5 billion loan to ORLEN to support the strategic development of its electricity distribution infrastructure, including renewable energy (RES) connections, network upgrades, and investments in smart grid technology. This EIB financing, offered on preferential terms compared to commercial banks, will significantly accelerate the implementation of plans in this area. The initial financing agreement signed is valued at PLN 900 million. The programme will be implemented by Energa Operator.