Rosatom
Rosatom (Russian: Росатом, IPA: [rɐsˈatəm]), also known as Rosatom State Nuclear Energy Corporation, the State Atomic Energy Corporation Rosatom, or Rosatom State Corporation, is a Russian state corporation headquartered in Moscow that specializes in nuclear energy, nuclear non-energy goods and high-tech products. Established in 2007, the nonprofit organization comprises more than 350 enterprises, including scientific research organizations, a nuclear weapons complex, and the world's only nuclear icebreaker fleet.
Rosatom's headquarters at Bolshaya Ordynka Street in Moscow | |
Native name | Государственная корпорация по атомной энергии «Росатом» |
|---|---|
| Company type | State-owned |
| Industry | Nuclear power Wind power Hydrogen fuel |
| Predecessor | Federal Agency on Atomic Energy |
| Founded | 1 December 2007 |
| Founder | Vladimir Putin by signed law |
| Headquarters | , |
Area served | Worldwide |
Key people | Alexey Likhachev(General Director) |
| Products | Nuclear reactors Nuclear fuel Uranium mining Uranium enrichment Nuclear decommissioning Nuclear medicine Wind power Hydrogen fuel Additive manufacturing Composites |
| Revenue | ₽1,207.4 billion (2020) |
| Total assets | ₽4,722.4 billion (2020) |
| Owner | Russian government |
Number of employees | 276,100 (2020) |
| Subsidiaries | See organization |
| Website | rosatom |
The organization is the largest electricity generating company in Russia, producing 215.746 TWh of electricity, 20.28% of the country's total electricity production. The corporation ranks first in overseas nuclear power plant construction, responsible for 76% of global nuclear technology exports: 35 nuclear power plant units, at different stages of development, in 12 countries, as of December 2020. Rosatom also manufactures equipment, produces isotopes for nuclear medicine, carries out research, and conducts material studies. It also produces supercomputers and software as well as different nuclear and non-nuclear products. Rosatom plans to further develop renewable energy and wind power. Two nuclear power plants are being built in Russia at Kursk-2 NPP with plans announced for 2 more units at Kola NPP. Rosatom has a 38% world market share and in 2019 led in global uranium enrichment services (36%) and covers 16% of the global nuclear fuel market.
In 2020, Rosatom approved an updated strategy with the intent to branch into 100 new business areas, including nuclear medicine, composites, wind energy, hydrogen, waste management, additive technology, and production of hydrogen.
The state corporation is authorized on behalf of the state to fulfill Russia's international obligations in the field of the use of nuclear energy and of non-proliferation of nuclear materials. Rosatom is also involved with large-scale projects such as ITER and FAIR.
As of February 2021, the total portfolio orders of Rosatom reached $250 billion. According to the 2020 corporate report, its 10-year foreign order portfolio stood at $138.3 billion, while revenue reached $7.5 billion. The 10-year order portfolio for new products stood at ₽1,602.1 billion while revenue reached ₽261.1 billion.