Assessing Conditions for the Development of Advanced Energy Technologies on the Regional Level in Russian Federation

Development of the Russian energy sector seems to be rather promising (considering the speed and nature of the emergence of new technologies, such as digital power equipment, prognostic instruments, real-time payment techniques, etc.), however, there is no clear understanding of the potential demand level regarding specific technologies. Frequently companies abandon research and development projects due to the uncertainty and risk of losing investments because of the absence of end-users. At the same time foreign suppliers of innovative solutions (including those for the energy sector) gain market power. Simultaneously, emerges the problem of strengthening competitiveness of the Russian Federation regional economies in the view of tightening competition from foreign suppliers of innovative solutions including solutions for the energy sector.