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The Global Energy Prize annually honors outstanding achievements in energy research and technology from around the world that are helping address the world’s various and pressing energy challenges.

The World Future Energy Summit: day 3

Today, within the 3rd day of business program of the WFES, the member of the Global Energy Prize International Award Committee, Head of Oil and Gas Department of Energy Research Institute of the Russian Academy of Sciences Tatiana Mitrova took a speech. She delivered her view on the global energy trends and the impact of technological breakthroughs on the energy markets.

Thus, she declared further energy consumption growth. In 2010-2040 the global primary energy demand will increase by 40% but its volume and structure will be differentiated by regions. Due to the population growth, the share of developing countries will increase. The USA will continue on indigenous production of hydrocarbons thus affecting the global economy.

According to Tatiana Mitrova, the whole society is focusing on energy efficiency. As well as impact of environmental considerations is growing. Mrs Mitrova underlined the role of energy innovation: it is crucial not only for the development of world energy, but also, to a large extent, for the whole of civilization. It is the development of new forms of energy and energy technologies that has formed the basis of all industrial revolutions.

As of now, the world is facing several technological breakthroughs, according to expert’s estimation. They are already evident in the development of unconventional oil and gas resources and the emergence of new types of motor fuel, which are curbing the growth of hydrocarbons prices.

New electrical technologies, which are less certain but potentially more significant, are becoming more widespread: storage units (accumulator batteries and super capacitors) and fuel cells (which utilize the direct conversion of chemical energy in hydrogen compounds to electrical energy) are developed. There are converters of solar energy and smart grids, and so on. «- On the whole, this technological breakthrough will broaden the resource base through the development of commercially viable renewable energy sources and increased efficiency of fuel generation. It brings the prospect of changing not only the systems of electric power supply, but the entire infrastructure”, - said Tatiana Mitrova

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