Oil will remain relevant for quite a long time in this more complex and diversified power system.
We are seeing intellectualization and digitalization of the energy industry; we can see how smart wells, fields and mines actually reduce costs.
After some time, when the share of alternative energy in overall generation becomes big enough, the question as to how the market should be regulated will become relevant.
We will see how, in a few years, blockchain will remove sales companies and other intermediaries from our lives. All transactions will happen directly and automatically between the customer and the supplier.
Energy batteries and everything relating to renewable energy will actually shift the balance not just in the power grid, but in the energy industry in general.
We will definitely arrive at a point when alternative energy production becomes cheaper than conventional.
Solar power generation as a national Russian startup has commenced successfully. I think that, by the end of the year, it will become perfectly clear that the same has happened to wind power generation.
Industrial energy storage is a complete paradigm shift. We believe it isn’t a question for the year 3000, nor even 2050, but for the next decade.
The more intelligence we put in the system, the more big data analytics we have. That is clearly the way forward… And therefore there is less and less need for subsidies in many areas.
In partnership with the Far East Investment and Export Agency
In partnership with Deloitte
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