Energy security

Russian nuclear power: Convenience at what cost?

While energy markets slump and hydrocarbon exports weaken, nuclear power has become a bright spot in Russia’s darkening energy portfolio. In 2014, Moscow quietly became the leader of the $500 billion global nuclear energy market, building 37 percent of all new reactors in the world, eclipsing the United States’ meager 7 percent share.

Moscow’s newfound success has not come easily. Instead, it is the product of a $55 billion Kremlin strategy launched in 2006 that aims to transform Russia into the top supplier of the global nuclear energy industry.

Armed with a renewed sense of purpose and a whole lot of cash, Moscow’s winning strategy has centered on designing new reactors and courting new partnerships with arms (and wallet) wide open.