Fossil fuel thermal power plants account for almost 60% of Russian electricity and heat. Steam turbine units make almost 80% of this amount. The main method for steam turbine unit efficiency improvement is the increase in the initial steam parameters’ temperature and pressure. This reduces fossil fuel consumption and harmful emissions but requires the application of heat-resistant steel. The improvement in steel’s heat resistance leads to a non-linear price increase, and the larger the temperature increase, the more the steel costs. One of the methods of improving efficiency without a significant increase in the capital cost of equipment is an external combustion chamber. These allow an increase in the steam temperature outside the boiler without the need to use heat-resistant alloys for boiler superheaters and steam pipelines between the boiler and the steam turbine. The most promising is hydrogen–oxygen combustion chambers, which produce steam with high purity and parameters. To reduce the cost of high-temperature steam turbines, it is possible to use a cooling system with the supply of a steam coolant to the most thermally stressed elements. According to the calculations, the efficiency reduction of a power unit due to the turbine cooling is 0.6–1.27%. The steam superheating up to 720 °C in external combustion chambers instead of a boiler unit improves the unit efficiency by 0.27%. At the initial steam temperatures of 800 °C, 850 °C, and 900 °C, the unit efficiency reduction caused by cooling is 4.09–5.68%, 7.47–9.73%, and 8.28–10.04%, respectively.