Moselektro, a Moscow-based energy company, and Compozit Elektro, a subsidiary of Russia’s largest nanotech company, Rusnano, and a resident of the Skolkovo innovation hub outside Moscow, have inked an agreement aimed at developing and commercializing innovation composite materials for the electrical energy sector, online news agency INFOLine reports.

In the deal, Moselektro is the customer of new R&D products.

Under plans, Compozit Elektro is expected to develop electrical current distributors and busbars for a medium and low voltage range (0.4-35kV) for electrical energy companies, using nanostructured composite materials. The partners will also engage in developing and commercializing turn-key solutions based on the new materials.

According to Denis Surovtsev, the CEO of Moselektro, his company expects to “get more cost-effective and advanced polymer composite based products for our customers that include electrical energy entities, oil and gas companies, transport companies and other sizable industrial corporations in Russia, Germany, China, Finland, and the CIS countries.”