Ukraine To Use American Technology To Build More Nuclear Power Plants In 2024

Ukraine’s Energy Minister, Herman Halushchenko, announced on January 21 that the country will begin the construction of nine blocks for nuclear power stations using American AR1000 technology this year.  The move is part of the ministry’s efforts to boost electricity generation capacity. 

“The Ministry’s priorities for this year include focusing on decentralization efforts and enhancing capabilities in distributed electricity generation, primarily by installing gas turbines,” Halushchenko said in a TV interview. 

The decision was earlier announced by the Energy Ministry in December when they signed an agreement with Energoatom President Petro Kotin and Westinghouse Electric Company CEO Patrick Fragman to acquire equipment for Khmelnytsky NPP Unit 5. The announcement highlighted the use of Westinghouse’s AR1000 technology.

“Such reactors did not exist in Ukraine, they do not exist in the post-Soviet space, and they do not yet exist in Europe. This is one of the most advanced technologies in nuclear energy, which makes it possible to maintain the safety systems of nuclear plants even in the event of blackouts and the absence of diesel generators or other power systems,” Galushchenko said in December, emphasizing as well that by signing these agreements, Ukraine can continue its efforts to move away from Soviet-Russian technologies in atomic energy. 

“This is important for strengthening Ukraine’s energy security and renewing our nuclear power industry, which was, is and will be the key generation in Ukraine,” Galushchenko added. 

Ukraine currently has four power stations with 15 reactors, generating about half of the country’s electricity. One station, Zaporizhzhzia, has been under Russian control since they invaded Ukraine at the beginning of 2022. With six reactors and a capacity of 6000 MWe, Zaporizhzhzia is currently the largest nuclear power plant in Europe.


Information for this story was found via New Voice of Ukraine, Ukraine Business News, Ukraine Ministry of Energy, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold and Silver May Be Ready for Another Run | Shawn Khunkhun – Contango Silver & Gold

Silver Is Strong Again, and This Producer Is Ramping Up | Arturo Prestamo – Santacruz Silver

Gold Giant Agnico Eagle Makes a Critical Minerals Bet | Avenir Minerals x Fox River

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Norway Says It Will Continue Supplying Fuel to US Navy Despite Company Boycott

Norwegian marine fuel supplier Hattbakk Bunkers demonstrated its support for Ukraine by announcing it would...

Monday, March 3, 2025, 12:13:00 PM

Amazon Also Backs Small Modular Reactors in Latest Clean Energy Push

Amazon (Nasdaq: AMZN) has announced plans to invest in nuclear energy projects, focusing on Small...

Thursday, October 17, 2024, 11:05:00 AM

US Energy Opens US$6 Billion Subsidy Program To Keep Nuclear Lights On

The US government is determined to achieve its zero-carbon goals as it looks to provide...

Wednesday, April 20, 2022, 03:38:00 PM

New UK Sanctions Threaten Putin’s Hidden Oil Network Amid War With Ukraine

The United Kingdom has announced a new wave of sanctions targeting entities facilitating Russian oil...

Sunday, December 22, 2024, 07:46:00 AM

Zoltan Pozsar: “We Need A Recession To Curb Inflation”

For Credit Suisse contributor Zoltan Pozsar, the current economic situation isn’t just a mere economic...

Monday, August 8, 2022, 10:29:36 AM