Key events

Skolkovo’s economical sea-borne generator draws overseas investors

4 Dec '12

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

Feature stories

14 Sep '16
Scientists at the Tomsk Polytechnic University (TPU)...
27 Jul '16
Scientists in the Siberian city of Tomsk have...
Search (News archive - 20993)
Hi-tech Technopark Association of Russia
ITMO University

Latest News

24 Oct '16
Russia has unveiled plans to provide a solid...
21 Oct '16
Between October 25 and 27 top managers of 20 leading...
20 Oct '16

Most read stories from last week

24 Oct '16
Russia has unveiled plans to provide a solid...