JSC Atomenergoprom Annual Report
BUSINESS STRATEGY
JSC ATOMENERGOPROM / ANNUAL REPORT / 36
Sustainable products
As part of product line development in the industry, special emphasis is placed on environmental and
climate performance of products and projects, value creation for end users and assessment of product
solutions in terms of their alignment with sustainability priorities. More specifically, in order to enhance
the sustainability of the product line, in 2022, ESG reporting requirements were incorporated into product
strategies and strategic programmes.
The nuclear industry is one of the most knowledge-intensive and high-technology sectors. In addition
to nuclear power, the Company is also developing other low-carbon products, including wind power
generation, hydrogen energy technology, energy storage systems and digital solutions for the electric
power industry. Nuclear technology also provides a basis for the development of solutions for nuclear
medicine and isotope products, radiation processing technologies, environmental solutions, international
logistics, etc.
As part of its focus on increasing the share of 'green' products in its product line, JSC Atomenergoprom
monitors ESG performance across its key product areas. To do so, the Company has established an internal
ESG certification procedure. In 2022, more than 20 product areas underwent certification, including small
NPPs, wind power, the 'smart city', nuclear medicine, etc. In 2022, product areas that underwent internal
sustainability certification and had their 'green' status confirmed accounted for about 40% of total revenue
from new businesses.
GRI 2-6 Markets served by Atomenergoprom and value chains
In the reporting year, there were no changes in the value chain, including the supply chain.
Drillhole in-situ leaching
Markets
Value chain
Products/services
Mineral resource base
development
Mining
Ore processing
Natural uranium
market
Uranium conversion
Natural
uranium
and enrichment
service market
Nuclear fuel
market
Conversion
Enrichment
Natural uranium
Uranium hexafluoride, enriched
uranium product
Natural
uranium
Manufacture
Nuclear
Conversion Enrichment
of nuclear fuel
components
fuel assembly
Nuclear
fuel
Fuel
fabrication
assemblies
components
Nuclear steam generator
2.3. MARKETS SERVED BY ATOMENERGOPROM
In 2022, JSC Atomenergoprom ranked:
First in the world in terms of the number of NPP power units in the portfolio of foreign projects*
(34 power units);
First on the global uranium enrichment market (35%);
Second in the world in terms of uranium production (14% of the market);
Third on the global nuclear fuel market (17%).
*Including the portfolio of ROSATOM.
JSC Atomenergoprom's vision is to become a global technological leader. Accordingly, the Company intends
not only to develop its business in traditional segments, but also to take active steps towards entering new
high-technology markets as a leading research and technology company.
Responsibility for the expansion of ROSATOM and JSC Atomenergoprom into new markets lies with the
Director for Development and International Business of ROSATOM.
One of the key priorities of the Company's business is to develop globally competitive products that are able
not only to effectively replace imports, but also to become leaders on global markets.
Power machine
engineering
market
Electricity and
capacity market
NPP construction
and maintenance
market
Design/
engineering
Manufacture Installation
Maintenance
Power generation equipment
Maintenance
Electricity
Operation
Wholesale
distribution
Retail sales
Heat
NPP power units
Construction (including design
and pre-commissioning)
Operation
Maintenance
Market for the decommissioning of facilities
posing nuclear and radiation hazards
Equipment decontamination
and dismantling
RAW and SNF
management
market
Removal
Transportation
Processing/
conditioning
Storage/burial
Recycling of nuclear materials
Equipment
manufacture
Construction
and installation
Wind power market
Waste management
market
Collection and logistics
Disposal
Treatment
NPP power unit maintenance
Addressing issues
related to facilities
posing nuclear and
radiation hazard
Addressing the RAW/SNF issue
Nuclear fuel components
Operation
Recycling
Nuclear
medicine
Equipment
Manufacture
of key
components
Manufacture
of finished
products
Engineering
Distribution +
servicing
R&D
Healthcare
market
Isotopes and
radiopharma-
ceuticals
Target
irradiation
Raw
isotopes
Synthesis of
radiophar-
Distribution
maceuticals
BUSINESS STRATEGY
JSC ATOMENERGOPROM / ANNUAL REPORT / 37View entire presentation