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.

ORLEN opens Poland’s first offshore wind farm installation terminal – first contract already signed

ORLEN Neptun, part of the ORLEN Group, has launched an offshore wind farm installation terminal in Świnoujście, the first facility of its kind in Poland and one of the most advanced in Europe. It will serve as a key base for the Group’s phase two offshore wind projects and will also be available to external operators. ORLEN Neptun has signed its first long-term contract with Ocean Winds, a Spanish-French consortium that ranks among the world’s leading offshore wind developers. The Świnoujście terminal will ultimately support the installation of several dozen wind turbines per year, becoming the most important offshore wind installation hub in the Baltic Sea region.

Poland’s first offshore wind farm on the Baltic Sea moves closer to completion – ORLEN Group reaches another key milestone

The ORLEN Group has reached another milestone in the development of offshore wind energy. Poland’s first operations and maintenance base dedicated to offshore wind farms is now operational in Łeba. The port infrastructure, built from the ground up, will support the Baltic Power offshore wind farm currently under construction by ORLEN in partnership with Canada’s Northland Power. Already playing a key role in the ongoing offshore construction process, the base will support the launch of Poland’s first offshore wind farm on the Baltic Sea, scheduled for completion next year.

ORLEN invests in advanced electrolysers

ORLEN Venture Capital (“ORLEN VC”) has invested in Hystar, a Norwegian manufacturer of high-efficiency proton-exchange-membrane (PEM) electrolysers for large-scale, zero-emission hydrogen production. Hystar’s patented design uses membranes up to ten times thinner than those in conventional units, materially improving efficiency and lowering the cost of hydrogen generation. The technology dovetails with ORLEN’s programme to produce and deploy renewable hydrogen as part of the Group’s wider energy-transition strategy.

ORLEN delivers record operational performance in 2024

In 2024, the ORLEN Group delivered record operational performance, marked by the highest levels of electricity generation from gas and renewable sources in its history, alongside its strongest natural gas production to date. The volume of low- and zero-emission energy generated during the year would have been sufficient to meet the annual demand of nearly half of all Polish households. This performance was supported by a more than 66% year-on-year increase in installed capacity across photovoltaic and wind assets, as well as the commencement of production from newly developed gas fields on the Norwegian Continental Shelf. The Energy and Gas segments together accounted for nearly 80% of the Group’s EBITDA, which totalled PLN 35.5 billion before impairment charges. The Management Board has recommended a record dividend of PLN 6 per share for the 2024 financial year.

ORLEN secures record-breaking EIB financing to drive energy transition

ORLEN has signed a third financing agreement with the European Investment Bank (EIB) to support the expansion of its electricity distribution network. The new PLN 1.7 billion agreement brings the total funding secured from the EIB to PLN 3.5 billion, making it the largest financial support package the Bank has granted in Poland. The funds will be invested by Energa Operator, an ORLEN Group company, to enhance the security and efficiency of electricity supplies and increase the potential for integrating renewable energy sources.

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.

Polish presidency in the EU: a chance for a sustainable energy transition

The evolving landscape of decarbonization and energy security, with its profound regional and global implications, business operations in Poland. ORLEN is eager to engage in discussions about energy transition and the EU regulations required to facilitate it. The company has prepared a position paper highlighting the key challenges: preserving the competitiveness of the EU market, championing technological neutrality, ensuring access to decarbonization financing, and shifting away from overly prescriptive regulatory approaches.

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.