JSC Atomenergoprom

What JSC Atomenergoprom does

JSC Atomenergoprom is a Russian state-controlled integrated holding company that consolidates the civil nuclear assets of Rosatom State Corporation (which holds 95.36% of ordinary shares, with the Russian Ministry of Finance holding 4.64% of preferred shares). Founded in 2007 and headquartered in Moscow, the company operates the full nuclear fuel cycle, from uranium mining and enrichment through nuclear fuel fabrication, nuclear power plant design and construction, to electricity generation, and is the only global operator with end-to-end competencies across this chain. Atomenergoprom holds the #1 global position in nuclear power plant construction abroad, with 39 power units (including 6 small capacity units) under simultaneous construction in 10 countries, and ranks #3 worldwide in nuclear fuel fabrication and uranium production (including its Kazakhstan joint venture), supplying fuel to every 6th power reactor globally and holding approximately 19% of the world nuclear fuel market. The group consists of more than 240 enterprises and organizations, including core operating subsidiaries such as JSC TVEL (nuclear fuel), JSC Atomenergomash (power generation equipment), JSC NovaWind (wind energy), and JSC Rusatom Overseas (international NPP construction). Beyond core nuclear, the company has expanded into wind energy, energy storage, electric mobility, and nuclear medicine, generating 1,512.5 billion rubles in new-product revenue in 2025 against a 4,060 billion ruble 10-year order portfolio. Atomenergoprom also maintains a portfolio of proprietary internal software products (Atom.Kontent document management, IS RCK corporate treasury system, AIS Expertise project permitting, Mobile Personal Cabinet employee portal), which are primarily used within the Rosatom group. The business model is B2B/B2G enterprise: direct government-to-government contracts for NPP construction, direct utility sales for nuclear fuel and electricity, and capital raising through the Moscow Exchange bond market (100 billion ruble programme, with 19 green instruments totaling over 200 billion rubles by end-2022 and over 300 billion rubles by end-2023). The company carries the highest sovereign-level credit ratings (AAA from ACRA, ruAAA from Expert RA, iA from Dagong) reflecting its implicit state backing.

Name

JSC Atomenergoprom

Legal name

Акционерное общество «Атомный энергопромышленный комплекс» (JSC Atomic Energy Industrial Complex)

Website

https://atomenergoprom.ru

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

JSC Atomenergoprom is a Russian state-controlled integrated nuclear holding under Rosatom that consolidates the full civil nuclear fuel cycle, from uranium mining and fuel fabrication to nuclear power plant construction and electricity generation, serving governments and utilities in ten or more countries.

Ownership category

akta.pro rank

Product category

Nuclear Energy

NAICS

Nuclear Electric Power Generation (221113)

akta.pro primary industry

Nuclear Fuel Cycle for Power Generation (Uranium, Conversion, Enrichment, Fuel Fabrication) (EUACADAK)

akta.pro secondary industries

Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB), Uranium Refining & Conversion (U3O8 to UF6/UO2) (EUAKACAC), Fuel Fabrication (UO2 Fuel Pellets, Rods & Assemblies) (EUAKACAF), Fuel Cycle Support Services (Engineering, licensing support, conversion/enrichment contracting) (EUAKACAL), Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC)

Keywords

• Nuclear fuel cycle
• Nuclear power construction
• Uranium mining enrichment
• Nuclear electricity generation
• Nuclear equipment manufacturing

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Nuclear Fuel Production and Supply: Complete nuclear fuel cycle including uranium mining, enrichment, and fuel fabrication. 19% share of nuclear fuel market globally, supplies every 6th power reactor in the world. III place in world nuclear fuel fabrication.
2. Nuclear Power Plant Construction: Engineering, design, and construction of nuclear power plants internationally. 39 power units under construction (including 6 small capacity units) in 10 countries. Market leader in nuclear power plant construction abroad.
3. Electricity Generation: Electricity production at nuclear power plants. Contributes approximately 20% of Russia's total electricity generation.
4. Green Products and Renewable Energy: Wind energy, energy storage, electric mobility, nuclear medicine and other new product lines. 1,512.5 billion rubles revenue from new products in 2025 (30.4% above target).
5. Nuclear Machinery Manufacturing: Atomic engineering and equipment manufacturing for nuclear and traditional energy sectors

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

JSC Atomenergoprom is an integrated holding company consolidating the civil assets of the Russian nuclear industry under Rosatom State Corporation. It operates the full nuclear fuel cycle from uranium mining and enrichment through nuclear fuel fabrication, to nuclear power plant design and construction, and electricity generation. The company also manufactures nuclear machinery and atomic engineering equipment, and has expanded into wind energy, energy storage, electric mobility, and nuclear medicine.

Product overview

JSC Atomenergoprom (АО «Атомэнергопром») is an integrated holding company that consolidates the civil assets of the Russian nuclear industry under Rosatom State Corporation. The company operates across the full nuclear energy value chain — from uranium mining and enrichment through nuclear fuel fabrication, nuclear power plant design and construction, to electricity generation. Beyond its core nuclear operations, the company has developed a portfolio of proprietary software products targeting both internal use within Rosatom and external organizations, including: Атом.Контент (document and content management platform), ИС РЦК (corporate treasury and financial transaction management system), АИС «Экспертиза проектов» (project expertise and permitting automation system), and Мобильный личный кабинет работника (mobile employee self-service portal). These software products are primarily developed for Rosatom's internal needs but are also made available to external organizations through direct inquiry and engagement.

Differentiator

Problem solved

Functional benefit

Brands

• Атом.Контент (Atom.Content): Document management software designed to replace the Documentum platform, providing document storage, access control based on role-based and discretionary models, version control, and audit capabilities.
• ИС РЦК (Corporate Calculation Center IS)
• АИС «Экспертиза проектов» (Automated Information System 'Project Expertise')
• Мобильный личный кабинет работника (Mobile Employee Personal Account)

Products and services

• Nuclear Fuel Production and Supply
• Nuclear Power Plant Construction
• Electricity Generation (Nuclear)
• Nuclear Machinery and Equipment Manufacturing
• Wind Energy Generation (NovaWind)

Quantifiable outcome

• 100+ million tons CO2 emissions avoided annually through nuclear power generation vs thermal generation
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• AKRA (Analytical Credit Rating Agency)coreOthersRussian credit rating agency assigned highest AAA(RU) rating with stable outlook and ESG-2 rating for sustainable development. Rating confirmed multiple times.
• Expert RA Rating AgencycoreOthersRussian rating agency assigned ruAAA rating to bonds and confirmed ratings multiple times. Also verified green bond compliance with ICMA principles.
• Kazakhstan Joint Venture (Uranium Mining)coreStrategic or Co-development PartnerJoint venture in Kazakhstan for uranium mining, contributing to III place in world nuclear fuel fabrication ranking.
• AEPKcoreTechnology or IntegrationThe parent entity JSC Atomenergoprom (Atomny Energeticheskiy Promyshlennyy Kompleks) consolidates civil nuclear assets of Rosatom State Corporation.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Westinghouse Electric Company: US-based nuclear power plant designer, fuel supplier, and services provider. Directly competes with Atomenergoprom in international NPP construction markets and nuclear fuel supply, particularly in Europe and the Americas where it has filled the gap left by Russian sanctions.
• China National Nuclear Corporation (CNNC): Chinese state-owned nuclear conglomerate spanning uranium mining, fuel fabrication, NPP construction (Hualong One), and reactor design. A comparable integrated nuclear entity and direct competitor for emerging-market NPP contracts.
• Korea Hydro & Nuclear Power (KHNP): Korean state-owned nuclear utility and NPP constructor with international EPC experience (UAE Barakah). Directly competes with Atomenergoprom in the international NPP construction market and is rapidly expanding into emerging markets where Atomenergoprom is active.
• Framatome: French nuclear reactor and fuel services company, providing reactor design, fuel fabrication, and instrumentation across the full nuclear cycle. A direct competitor for international NPP construction contracts and fuel supply, particularly in European and African markets.
• TVA (Tennessee Valley Authority): Large US public power utility operating significant nuclear generation capacity. Comparable nuclear electricity generation functions and nuclear plant operations, though TVA is a domestic utility rather than an international EPC contractor.

Emerging players

• Kazatomprom: Kazakhstan's national uranium producer and Atomenergoprom's joint venture partner for uranium mining. Comparable in the uranium mining segment and a co-operator in the third-ranked nuclear fuel fabrication business referenced in Atomenergoprom's market position.
• BWX Technologies (BWXT): US-based nuclear components manufacturer and emerging microreactor developer. Comparable in nuclear components manufacturing and a competitor in the emerging SMR/microreactor market where Atomenergoprom is constructing 6 small-capacity units.

Direct peers

• Orano (formerly Areva): French nuclear fuel cycle company engaged in uranium mining, conversion, enrichment, fuel fabrication, and nuclear logistics. Closely comparable to Atomenergoprom's fuel cycle operations, particularly in international fuel supply markets.
• Urenco: European uranium enrichment consortium and fuel cycle services provider. A direct competitor in uranium enrichment and fuel fabrication, serving global utility customers in the same markets as Atomenergoprom's TVEL subsidiary.
• Cameco Corporation: Canadian uranium producer and nuclear fuel manufacturer (UF6 conversion, fuel fabrication). Directly comparable in the uranium mining and fuel fabrication segments of Atomenergoprom's value chain, particularly competing for western utility fuel supply contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pls-atomenergoprom-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JSC Atomenergoprom