Rosenergoatom Concern JSC - Company Profile

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Rosenergoatom Concern JSC: Segment Analysis

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Business Description

Rosenergoatom Concern JSC (Rosenergoatom), a subsidiary of State Atomic Energy Corporation Rosatom, is a power generation company in Russia. It is primarily involved in generating electrical and thermal energy at nuclear power plants. It operates as the sole nuclear power plant operator in Russia and is a significant player in the Russian electricity market. The company manages 10 nuclear power plants, including a floating nuclear power plant, with a total installed capacity of approximately 28.6 GW.

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R&D Overview

Rosenergoatom is actively involved in various R&D initiatives to enhance its technological capabilities and maintain its leadership in the nuclear industry. The company focuses on innovative development through R&D projects that are part of its capital investment program. The company is involved in projects such as the Federal Project ‘New Nuclear Power Industry,’ which includes the development of small nuclear reactors for remote territories. Additionally, Rosenergoatom is working on improving VVER technology, developing VVER-S and VVER-SKD technologies, and implementing the Proryv (Breakthrough) Project for fast neutron reactor technology. The company is also advancing digitalization efforts, including the development of digital products and systems to ensure technological sovereignty and improve operational efficiency. The R&D activities of the company are managed as part of the capital investment program (CIP). The unit responsible for R&D focuses on implementing projects that enhance safety features, optimize NPP designs, and develop new nuclear generation technologies. The unit also works on digitalization projects to support the company's technological advancement and operational efficiency. In FY2024, the company spent RUB11,533 million on R&D, which as a percentage of revenue, stood at 1%.

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