Amid decreasing world demand for nuclear energy, Russia’s state nuclear corporation last week warned it would likely be receiving fewer requests to build nuclear power plants abroad.
The announcement marks a sharp departure for the corporation, which until recently has posed its contracts with other countries as the bread and butter of its bottom line – as well as a potent tool for broadening Moscow’s sphere of political influence.
But there’s a silver lining to the nuclear monolith’s recent disillusionment with its traditional lifeblood: A possible, albeit modest, shift in the direction of renewable energy and battery technologies.
Speaking at last month’s Tekhnoprom-2017 conference, a technical conference in the Siberian city of Novosibirsk, Rosatom’s deputy director Vyacheslav Pershukov called the market for nuclear power stations abroad “exhausted.”
“We see that the market is contracting, and for the sustainable growth of the corporation…we must make our money on something other than nuclear technology,” he said, according to the RBK news agency.