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Alexander Novak, Deputy Prime Minister of the Russian Federation. spoke at the “Global Energy as the Foundation of Economic Growth and Well-Being: In Search of Balance” panel at the Russian Energy Week International Forum.

At the Russian Energy Week taking place in Gostiny Dvor and Manege that present the achievements of engineering companies of the Municipal Utilities Complex, Alexander Novak, Deputy Prime Minister of the Russian Federation, met with young specialists of MOSGAS.

The Deputy Prime Minister of Russia, Alexander Novak, and the Deputy Chief of Staff of the Presidential Executive Office and Press Secretary to the President of the Russian Federation, Dmitry Peskov, presented awards to the winners of the Energy of Words international media contest.

Globally, Russia continues to bolster its stance as the energy leader despite the international sanctions pressure. Developing renewable energy and energy saving remain key to sustainable economic development. BRICS faces the problem of underdeveloped nuclear energy and shortages of investment in traditional energy resources. Experts emphasize interconnections between power grid development and sustainable economic development. They propose solutions intended to improve the grid, security and safety, and restore the energy balance. That, in turn, would allow for a more stable and sustainable future for all global energy market players. That was the conclusion reached at the ‘Global Energy as the Foundation of Economic Growth and Well-Being: In Search of Balance’ panel at the Russian Energy Week 2024 (REW).

The Moscow City Government has the achievements of capital city enterprises on display at the Exhibition of Equipment and Technologies for the Fuel and Energy Industry, which is being held at Gostiny Dvor in Moscow from 26 to 28 September as part of Russian Energy Week 2024. The Moscow Municipal Utilities exposition will interest energy specialists as well as those just looking to learn a bit more about the industry and where it’s going.

On 26 September, Deputy Prime Minister of the Russian Federation Alexander Novak presented the Global Energy Prize to the 2024 laureates. They were Chinese-born Professor Zi-Qiang Zhu of Sheffield University (UK), Puerto Rican-born Professor of Chemistry at Cornell University (USA) Héctor Abruña and Professor Minggao Ouyang of Tsinghua University (PRC).

Deputy Prime Minister Alexander Novak has visited the Exhibition of Equipment and Technologies for the Fuel and Energy Industry at the Russian Energy Week International Forum.

Updating the regulatory framework could help adapt approaches to forecasting electricity consumption and make the system more flexible and efficient. Not only could the use of power reserves ensure reliable energy supplies, it could also help reduce electricity tariffs for end consumers. The inefficient and unsustainable use of thermal energy requires a revision of existing consumption models and the introduction of innovative technologies. Modern approaches to forecasting energy demand could become the basis for the sustainable development of the energy sector in the future. Such initiatives are crucial to overcoming current problems and ensuring stable energy supplies in the long term. This was the opinion reached by participants in the session ‘Infrastructure Constraints: A Limiting Factor in the Development of Megacities’ at Russian Energy Week 2024.

Transparency and efficiency are crucial to regulating artificial intelligence. The Russian Federal Service for Environmental, Technological, and Nuclear Supervision is already taking on the role of a certifier of solutions that use AI technologies. The creation of testing grounds for AI is becoming a critical phase on the path to innovation. The lack of clear regulatory mechanisms further complicates the introduction and testing of new AI systems. However, granting small and medium businesses access to existing and new testing grounds will eliminate many of these barriers. Introducing such testing grounds will serve as a catalyst for the further development and creation of new technologies. These steps will not only ensure the safer and more efficient use of AI, but will also provide a broad range of opportunities for innovation that could radically change future industries. This was the opinion reached by participants in the session ‘Testing Grounds for Artificial Intelligence at Russian Energy Week 2024.

Creation of an industry for secondary use of raw materials requires technological solutions and quality training of specialists. The top priority is to solve the problem of the insufficiency of inert materials and technologies for processing ash and slag from coal-fired plants. Construction of plants at coal mines and introduction of waste quality control will improve the situation significantly. Priority use of ash and slag in public procurement and regional support can create the necessary infrastructure for processing these materials. Joint production and exchange of experience between regions will help resolve the problems of technological sovereignty. So, accelerating regional programmes for using secondary material resources could be key to the country's economic growth and environmental security. This conclusion was reached at the session ’The Dawn of the ‘Ash and Slag’ Century: Technological Sovereignty’ at the Russian Energy Week 2024 (REW).

Russia is committed to localizing nuclear technologies that strengthen its position on the international market and create highly qualified jobs in areas where nuclear power facilities are located. International cooperation is becoming a key development factor, bringing together the efforts of different countries to address global energy shortages. Renewable energy sources and small modular reactors are innovative solutions that can ensure a stable energy supply even in remote regions. In northern areas, the acute shortage of fuel is becoming a serious challenge that could be overcome by developing nuclear technology. The shortage of personnel in the nuclear power industry requires urgent training of specialists for successful implementation of ambitious projects. Nuclear power is becoming an important element in ensuring continuous development for resolving current challenges. This was the conclusion reached at the session ‘Low-Carbon Energy: The Foundation of a Sustainable Future’ at Russian Energy Week 2024 (REW).

The Global Energy Association has completed the submission process for the Energy of Words international media contest. Between 1 April and 1 September 2024, a total of 217 entries were received from Russia and 27 other countries.