Energoatom
Energoatom is Ukraine's state-owned nuclear power operator, running 15 reactors across four NPPs with 13,835 MW of installed capacity and supplying roughly 55-70% of the country's electricity to the national grid and regulated household consumers.
- Company typePrivate
- Founded1996
- HeadquartersKyiv, Ukraine
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Energoatom does
Energoatom (NAEC Energoatom) is the state-owned operator of Ukraine's nuclear power generation fleet, established in 1996 and restructured into a 100% state-owned joint-stock company in December 2023. The company operates 15 reactor units (13 VVER-1000 and 2 VVER-440) across four nuclear power plants — Rivne, South-Ukrainian, Khmelnytskyi, and Zaporizhzhia — with combined installed capacity of 13,835 MW. Zaporizhzhia NPP, the largest in Europe at 6,000 MW, has been under Russian occupation since the 2022 invasion; the remaining three plants continue to operate. Supporting assets include the Tashlyk pumped-storage hydro plant, Oleksandriyska HPP, and a Centralized Spent Nuclear Fuel Storage facility in the Chernobyl exclusion zone.
The company generates revenue by selling electricity into the Ukrainian market through bilateral contracts, day-ahead, intraday, and balancing markets, and exports power to Moldova, Romania, Slovakia, and Hungary via the integrated ENTSO-E grid. It also fulfills Public Service Obligations (PSO) to ensure affordable household supply under tariffs regulated by NKREKP. In 2024, Energoatom produced 53.4 billion kWh and generated 306.3 billion UAH in revenue, supplying roughly 55% of Ukraine's electricity (rising to 70% in autumn-winter periods) and contributing an estimated 2% of national GDP. The customer base is essentially captive: the national grid operator Ukrenergo is the system-level offtaker, and Ukrainian households are the regulated end-consumer.
Energoatom is pursuing a multi-billion-dollar technology and capacity expansion built around Western vendor partnerships: deployment of nine Westinghouse AP1000 reactors (beginning with Units 5 and 6 at Khmelnytskyi), Holtec SMR-300 deployment of up to 3,000 MW, Urenco fuel supply, and a domestic nuclear fuel assembly plant in the Mykolaiv region targeting 50% domestic VVER fuel by 2027. By 2028, Ukraine is expected to be the first country operating all VVER reactors on Westinghouse fuel. The company is governed by a Supervisory Board chaired by former Canadian Nuclear Safety Commission President Rumina Velshi and employs approximately 30,000 people, making it the largest employer in Ukraine's nuclear sector.
Energoatom firmographics
Firmographics- Name
- Energoatom
- Legal name
- Акціонерне товариство «Національна атомна енергогенеруюча компанія «Енергоатом» (Aktsionerne Tovarystvo «Natsionalna Atomna Energetygeneruiucha Kompaniia «Energoatom» - Joint-Stock Company "National Atomic Energy Generating Company "Energoatom")
- Website
- https://energoatom.com.ua
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Energoatom is Ukraine's state-owned nuclear power operator, running 15 reactors across four NPPs with 13,835 MW of installed capacity and supplying roughly 55-70% of the country's electricity to the national grid and regulated household consumers.
- Ownership category
- akta.pro rank
Energoatom industry classification
Industry- Product category
- Nuclear Power Generation
- NAICS
- Nuclear Electric Power Generation (221113), Hydroelectric Power Generation (221111)
- akta.pro primary industry
- Component & System Upgrades / Modernization (I&C Digital, Turbine-Generator, Balance-of-Plant) (EUAKABAE)
- akta.pro secondary industries
- Utility-Scale Power Generation Asset Management (EUAEAMAA), Nuclear Plant Life Extension & Uprates (Long-Term Operations) (EUACADAI), Grid Interconnection & Power Evacuation Works (Switchyard, Transmission Tie-ins) (EUAKAAAL)
Keywords
Where Energoatom is headquartered
LocationHeadquarters
- HQ city
- Kyiv
- HQ country
- Ukraine
- HQ region
- Europe
Offices2 records
Markets served
Energoatom business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D
Revenue model
- Electricity Sales: Energoatom generates revenue primarily from selling electricity produced at its four nuclear power plants. Sales occur through multiple market mechanisms including bilateral contracts, day-ahead market, intraday market, and balancing market. The company also exports electricity to Moldova, Romania, Slovakia, and Hungary following integration with the European ENTSO-E grid.
- PSO (Special Obligations) Services: Energoatom fulfills government-imposed special obligations to ensure electricity availability for household consumers. Services rendered under PSO framework are compensated through regulated tariffs. In 2024, the company paid 153.2 billion UAH for PSO services.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Energoatom product offering
Product offeringCore offering
Energoatom operates Ukraine's nuclear power generation fleet of 15 reactor units across 4 nuclear power plants (Zaporizhzhia, Rivne, South-Ukrainian, Khmelnytskyi) with combined installed capacity of 13,835 MW, supplying baseload electricity to the national grid and exporting to EU neighbors. The company also runs ancillary hydroelectric pumped storage assets (Tashlyk HPP-1, Oleksandriyska HPP), centralized spent nuclear fuel storage, and provides nuclear plant engineering, construction, and maintenance services through specialized subsidiaries.
Product overview
Energoatom (National Nuclear Energy Generating Company) is Ukraine's state-owned nuclear power operator managing 15 nuclear reactors across 4 nuclear power plants (Rivne, Zaporizhzhia, Khmelnytskyi, and South Ukraine) with combined installed capacity of 13,835 MW. The company operates as a vertically integrated nuclear energy company offering nuclear electricity generation, electricity trading through its Energoatom-Trading subsidiary, and nuclear fuel services. Supporting infrastructure includes hydroelectric facilities (Tashlyk HPP-1 and Oleksandriyska HPP), centralized spent nuclear fuel storage, and 12 specialized subsidiaries providing maintenance, engineering, and construction services. Strategic development includes Westinghouse fuel supply and AP1000 reactor deployment, Holtec SMR-300 partnerships, and domestic nuclear fuel assembly production.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 55-70% of Ukraine's electricity supply
- +3 more outcomes
Companies that use Energoatom
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Energoatom technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Energoatom partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- Westinghouse Electric CompanycoreLong-term strategic partnership for nuclear fuel supply, reactor deployment, and domestic manufacturing. Westinghouse has accelerated VVER-440 fuel program following Russia's 2022 invasion, delivering first fuel to Rivne NPP in 2023. Ukraine expected to become first country by 2028 to operate all VVER reactors exclusively on Westinghouse fuel. Partnership includes deployment of nine AP1000 reactors starting with Units 5 and 6 at Khmelnytskyi NPP.
- UrencomajorUK government £210 million deal for Urenco to supply nuclear fuel to Energoatom. Part of UK £290 million support package for Ukraine Recovery Conference in Gdansk, Poland.
- EU Small Modular Reactor AlliancemajorEnergoatom joined the EU SMR Alliance in April 2024. Alliance serves as a platform for cooperation between SMR project initiators, financial institutions, operators, regulators, researchers, and civil society organizations.
- Holtec InternationalcorePartnership for small modular reactor (SMR-300) deployment in Ukraine totaling up to 3,000 MW capacity, primarily for replacing damaged coal-fired power plants. April 2024 General Agreement signed for manufacturing facilities in Ukraine for SMR equipment and spent fuel storage containers.
- IAEA (International Atomic Energy Agency)coreOngoing cooperation with IAEA since Russia's 2022 invasion, including permanent monitoring missions at all operating NPPs and Zaporizka NPP following occupation. IAEA missions aim to reduce nuclear accident risks during wartime aggression.
- WANO (World Association of Nuclear Operators)coreMembership transferred from Moscow Center to Paris Center in April 2022 following Russia's invasion. Active participation in VVER working group with experts from Hungary, Finland, Slovakia, and Czech Republic.
Scale indicators8 records
Recent moves7 records
Expansion highlights7 records
Energoatom competitors and assessment
Company assessmentBroad incumbents
- China National Nuclear Corporation (CNNC): Chinese state-owned nuclear developer and operator with a large and rapidly growing fleet. Comparable as a state-owned integrated nuclear company pursuing domestic AP1000/Hualong builds alongside fuel-cycle services.
- Rosatom: Russian state-owned nuclear corporation and incumbent VVER supplier to most Eastern European operators including Ukraine. Highly comparable as a state-owned integrated nuclear company with fuel, services, and new-build offerings, despite geopolitical separation.
Direct peers
- Vattenfall: Swedish state-owned utility operating the Forsmark and Ringhals nuclear fleets alongside hydro and district heating. Comparable as a state-owned integrated power company with substantial nuclear baseload.
- Ontario Power Generation (OPG): Canadian provincially-owned nuclear operator running the Darlington and Pickering nuclear stations and pursuing new-build SMR projects (GE-Hitachi BWRX-300). Comparable as a publicly-owned nuclear utility with active fleet expansion into SMRs.
- Bruce Power: Canadian nuclear operator running the Bruce Nuclear Generating Station (largest in North America) under a long-term partnership structure. Comparable as a large-scale nuclear operator executing life-extension and refurbishment programs.
- ČEZ Group: Czech state-influenced utility operating the Dukovany and Temelín nuclear power plants (VVER reactors), serving the same Central European electricity system. Directly comparable on VVER technology, state ownership, and ENTSO-E-integrated grid operations.
- Korea Hydro & Nuclear Power (KHNP): State-owned South Korean nuclear operator with one of the world's largest nuclear fleets and active export ambitions. Comparable as a state-majority nuclear utility pursuing fleet expansion (incl. APR1400 exports) and operating under IAEA oversight.
- Électricité de France (EDF): State-owned French nuclear power operator with the largest fleet in Europe. Directly comparable as a state-majority nuclear utility delivering baseload electricity under regulated frameworks and pursuing fleet-life extension plus EPR new builds.
- Slovenské elektrárne: Slovak electricity generator operating the Bohunice and Mochovce VVER nuclear plants, with state and Italian utility (Enel/Slovak stakeholder) ownership mix. Closely comparable regional VVER operator and a likely cross-border trading partner given Energoatom's exports to Slovakia via ENTSO-E.
Emerging players
- PGE Polska Grupa Energetyczna: Polish state-controlled utility leading Poland's first large-scale nuclear program, with SMR and large-reactor ambitions. Comparable as a state-influenced utility planning nuclear new builds in the same Central European region.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights8 records
Customer concentration
Energoatom social profiles
Digital presenceEnergoatom compliance and trust
Trust signalCompliance4 records
Energoatom financial estimates
Financial estimateRevenue estimate
Valuation estimate
Energoatom leadership team
Management profileNumber of profiles
Profiles9 records
Energoatom subsidiaries and ownership
Company hierarchySubsidiaries16 records
Energoatom funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Energoatom M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Energoatom
What does Energoatom do?
Energoatom operates Ukraine's nuclear power generation fleet of 15 reactor units across 4 nuclear power plants (Zaporizhzhia, Rivne, South-Ukrainian, Khmelnytskyi) with combined installed capacity of 13,835 MW, supplying baseload electricity to the national grid and exporting to EU neighbors. The company also runs ancillary hydroelectric pumped storage assets (Tashlyk HPP-1, Oleksandriyska HPP), centralized spent nuclear fuel storage, and provides nuclear plant engineering, construction, and maintenance services through specialized subsidiaries.
Is Energoatom a public or private company?
Energoatom is a private company. It is classified as state government owned and is currently operating.
When was Energoatom founded?
Energoatom was founded in 1996. It employs 5,001 to 10,000 people.
Where is Energoatom based?
Energoatom is headquartered in Kyiv, Ukraine, in the Europe region.
How does Energoatom make money?
Two revenue lines are on record. Electricity Sales are the primary driver. The others are PSO (Special Obligations) Services.
Who are Energoatom's main competitors?
Broad incumbents on record are China National Nuclear Corporation (CNNC) and Rosatom. Direct peers are Vattenfall, Ontario Power Generation (OPG), Bruce Power, ČEZ Group, Korea Hydro & Nuclear Power (KHNP), Électricité de France (EDF) and Slovenské elektrárne. PGE Polska Grupa Energetyczna is listed as an emerging player.
Does Energoatom have an API?
No public API is recorded for Energoatom.
What industry is Energoatom in?
Energoatom's product category is Nuclear Power Generation. Its primary akta.pro industry code is EUAKABAE, Component & System Upgrades / Modernization (I&C Digital, Turbine-Generator, Balance-of-Plant), with a secondary code of EUAEAMAA, Utility-Scale Power Generation Asset Management. Its NAICS code is 221113.