Key events

Skolkovo’s economical sea-borne generator draws overseas investors

4 Dec '12
Source: Nanoprom.net

A new sea-borne electrical generator developed by a Skolkovo resident is “25% more economical” than a diesel one and has export potential.

Vert Labs, an international Russo-Irish-Swiss-Japanese company working in Skolkovo, Russia’s largest innovation hub outside Moscow, has developed and tested its sea-borne electrical generator, which is “25% more economical” than a diesel one and has export potential.

With the new system, residents of coastal areas and fishermen are said to already be able to generate electricity that costs $0.2 per kilowatt-hour – a rate comparable with generating conventional energy.

According to Oleg Dmitriev, one of Vert Labs’ top managers, “comparing the cost of our kilowatt-hour to that of a hydroelectric power station or a coal power station won’t be in favor of our unit; but if we compare our unit with a diesel one out at sea, we will surely beat it.” In his estimate, the Vert Labs innovation is “25% more economical” than a diesel generator and is capable of generating electricity with a projected per-kilowatt-hour cost of about $0.17.

The developers have plans to set up commercial production of its sea-borne generators as Chinese and Japanese investors are already showing interest. In so doing, the Skolkovo resident wants to nearly halve both the cost of a unit and the cost of ‘green’ energy itself.

In the United States and the European Union, ‘green’ energy accounts for about 10% of overall energy production. According to Russian projections, this country won’t reach the level until 20 years from now. The Russian government is ready to shell out less than $310m to finance the effort; another $20+bn is expected to come from private investors and ‘deep-pocket’ state-controlled companies.

The average cost of building a ‘green’ power station is over $3,000 per future kilowatt—nearly twice the cost of a conventional thermal station.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
 

Feature stories

9 Oct '14
Researchers from Russia and the U.S. working in...
2 Oct '14
Search (News archive - 18850)
Technology Commercialization
Russian Venture Capital Market Overview

Latest News

21 Oct '14
Phystech Ventures and North Energy Ventures, Russian...
21 Oct '14
The City of Moscow and Rusnano, Russia’s nanotech...
20 Oct '14
A new engineering center to focus on laser...

Most read stories from last week

20 Oct '14
A new engineering center to focus on laser...
21 Oct '14
The City of Moscow and Rusnano, Russia’s nanotech...
21 Oct '14
Phystech Ventures and North Energy Ventures, Russian...