Russia, Germany agree on joint research of new green power tech

MOSCOW, Oct 9 (PRIME) -- Russia and Germany have agreed to sign a memorandum on joint research in power production using new green technologies, Energy Minister Alexander Novak said on Friday during the World Energy Week.

“We, Russia, as a supplier of energy are ready to remain an energy supplier in the future and with new technologies, this is why we are ready to partake in these researches together with other countries,” he said.

“We have recently had negotiations and a meeting with our German partners. We’ve agreed to sign a corresponding memorandum to research jointly in this direction, because we are ready to be partners for Europe in renewable energy sources and hydrogen as well.”

The potential impact of hydrogen on the energy market is heavy, and Russia pays special attention to that.

“The very urgent and popular topic now is hydrogen, its production, storage, and utilization as a source of energy or accumulator of energy in the future. In Russia, we also pay special attention to that, our companies like Gazprom and Rosatom are actively doing scientific research and development of technologies in this direction,” Novak said.

He added that the share of hydrogen in the energy balance may range from 7% to 25% in the future.

“Since technologies for production of power from sun and wind are getting cheaper, these technologies are actively developing from the point of view of the price. It will also allow for reduction of the production price of hydrogen,” he said.

“Currently, natural gas is the key source of production of so-called ‘gray’ and ‘blue’ hydrogen.”

Nevertheless, the share of hydrocarbons in the global energy balance in 2050 will still be the highest. Europe’s energy balance will have changed by then, but in Africa, the Asia-Pacific Region, and Latin America, the energy balance will still favor hydrocarbons, he said

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