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Russia’s global market share of low-power nuclear plants to hit 20% by 2030, says Novak

It is reported that Russia plans to boost the share of nuclear energy in the country’s total energy balance to 25% by 2040

MOSCOW, December 13. /TASS/. Moscow plans to boost the share of nuclear energy in Russia’s total energy balance to 25% by 2040, while its share of low-power nuclear plants will reach 20% by 2030, Deputy Prime Minister Alexander Novak revealed in an article for the Energy Policy magazine.

"As of today, the share of nuclear generation in Russia stands at around 20%, whereas in the European part [of the country] it is almost 40%, this being the largest source of clean energy nationwide. Russia intends to boost the share of nuclear energy in the country’s total energy balance to 25% by 2040," he said.

In 2021, the construction of the lead coolant BREST-OD-300 fast reactor was started as part of the "Breakthrough" project on the development of the two-component nuclear power industry and the nuclear fuel cycle closure, the high-ranking official said.

"This will allow spent fuel to be reused an infinite number of times, solving the issue of costly spent nuclear fuel storage. By 2030, Russia's share of the global market for low-power nuclear plants is expected to reach 20%," Deputy PM Novak explained.

Russia is already among the world’s leaders in terms of technologies of low-power reactors, he noted. The small modular reactor power plant construction project with RITM-200 reactors is being implemented in Yakutia for the exploration of the Kyuchus gold deposit. An agreement has been reached to construct four floating power units for the development of the Baim ore zone in Chukotka.

"This is the first electrification project of an industrial cluster in the world using floating nuclear power plants. A new extra mobile and universal microreactor Shelf-M is being developed," Novak added.

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Alexander Novak

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