💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

US working with Kyiv on future power generation plans

Published 07/24/2024, 12:39 PM
Updated 07/24/2024, 12:40 PM
© Reuters. Jennifer Granholm, U.S. Secretary of Energy, delivers a keynote address during the opening event of the fifth meeting of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) in Bucharest, Romania, July 23, 2024. Inquam Photos/Octav Ga

By Luiza Ilie

BUCHAREST (Reuters) - The United States is working with Ukraine on a roadmap for its post-war energy grid which will include safe nuclear power technologies as well as renewables, U.S. Energy Secretary Jennifer Granholm said on Wednesday.

Ukraine has lost half its generating capacity as a result of Russian attacks on its power plants, leading to constant shortages and mass blackouts in all regions.

"Right now, they are under assault and we have to help get them through this period of time, we've got to harden their existing assets," Granholm told Reuters in an interview on the sidelines of an annual Transatlantic Energy and Climate Cooperation (P-TECC) conference in the Romanian capital Bucharest.

"But ... we are planning with them for what does the Ukrainian grid of the future look like," she said.

"So it might involve micro-reactors. It might involve SMRs. It definitely will involve distributed generation of solar and wind coupled with batteries. So that work is being done now."

She said new nuclear capacity could be a part of the future grid as long as it is designed in a way that is secure.

Ukraine operates nine nuclear reactors at three plants in territory it controls which produce more than 55% of the country's electricity needs, but Kyiv wants to expand the sector to help compensate for the loss of Zaporizhzhia's six units, seized by Russia shortly after its invasion in 2022.

In January, Ukraine's energy ministry said it expected to start construction work on four new nuclear power reactors this summer or autumn at its Khmelnytskyi nuclear power plant.

Ukraine's state-owned nuclear power firm Energoatom has also signed an agreement with Westinghouse for the construction of further reactors.

© Reuters. Jennifer Granholm, U.S. Secretary of Energy, delivers a keynote address during the opening event of the fifth meeting of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) in Bucharest, Romania, July 23, 2024. Inquam Photos/Octav Ganea via REUTERS/File Photo

"We have an agreement to look at deployment of nine AP1000s in the country," Westinghouse corporate affairs vice-president Margaret Cosentino told P-TECC in Bucharest.

"Obviously, we are not breaking ground at this point in time but ... we have been working closely with them to look at Kamilnitsky 5 and starting to look at what we can do now to position shovel-ready projects for as soon as the war is over."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.