President’s Special Envoy Announces New Technology Sectors in Russia

Solar and wind energy, along with flex circuits would not progress without the effort from Rusnano, notes Dmitry Peskov

Solar, wind, flex circuits, and other new tech sectors would not develop in Russia if not for Rusnano. Such was the opinion expressed by the president’s Special Envoy for digital and technological development Dmitry Peskov to members of the media on Tuesday.
‘I can say that Rusnano has made a number of technological achievements. You can argue whether they were particularly successful, but our country simply did not have a renewable sector before. We did not have these advanced wind turbines, solar generation, etc., but now we do. <…> Many things [Rusnano] has done are absolutely essential for us to participate in the advanced [technological] markets, as many solutions are based on them,’ said Peskov.
As part of the effort to optimize the structure of development institutions, Rusnano, along with several other funds, will soon become part of a large investment conglomerate based on VEB.RF. Last week, Rusnano Managing Company LLC appointed Sergey Kulikov as the new chairman of the board. Kulikov was previously the first deputy chairman of the Military-industrial committee. Anatoly Chubais, who has been steering Rusnano for thirteen years, has taken the job of the President’s Special Envoy for relations with international sustainable development organizations.
Among Rusnano’s technological achievements, Peskov has singled out the development of the first domestically designed microprocessor Baikal, and the development of flex circuits. According to him, several tech companies working within Rusnano’s ecosystem have made advancements ahead of their time.

‘Sometimes, things don’t work out, not because of mistakes but because it’s not the time yet. One of Rusnano’s financial losses was Liotech, a lithium-ion battery manufacturer. The Chinese have pushed them out of the market at some point, but the company pulled through and continued to develop. Today, our country is experiencing a tremendous shortage of Li-Ion batteries: we need them, for example, to switch from regular to electric buses,’ summarized Peskov.

‘Our friends at Liotech were spearheading our national competency in these technologies, but they went about it too early. If the production plant were built today, it would be very successful,’ added Peskov.


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