What impact will photovoltaics have on Russia's economy?

Yet, the combined effect of the exceedingly low cost of electricity generation via today's photovoltaic modules and wind turbines combined with energy storage in Li-ion battery and hydrogen obtained via water electrolysis will shortly have a profound impact on Russia's economy and manufacturing industry.

Where did electricity prices fluctuate after Russia's invasion of Ukraine?

As the line chart below illustrates, electricity prices fluctuated significantly in the capitals of the top five economies following Russia's invasion of Ukraine. Over the past four years, Rome experienced the highest recorded level, reaching 68.7 c€/kWh in October 2022, compared to 43.7 c€/kWh in July 2022.

Is the electricity market open to competition in Russia?

In accordance with the 2003 law “On electric power industry”, the electricity market in Russia is open (since 2011) to full competition in generation by ensuring third party access to the grid.

Will Russia supply lithium for electric cars?

Russia, in other words, is trying to secure supply of strategically important lithium to manufacture batteries on the multi-gigawatt-hour scale required for mass producing electric vehicles (a 1 GWh storage capacity is enough to equip 20 000 electric cars with a 50 kWh battery pack each).