Dmitry Medvedev

United States and Russia to Collaborate on Smart Grid Technology

On the opening day of the G8 Summit in Deauville, France, United States President Barack Obama and Russian President Dmitry Medvedev reiterated their mutual intention to cooperate in protecting natural resources in the cross-boundary Bering Strait region and also trumpeted the countries’ agreement to collaborate on energy efficiency, smart grid technology, and clean energy.

Russia Eyes Smart Grid

The Russian Federal Grid Company is seeking approval to add $12.9 billion to its investment program as it prepares to undertake an extensive upgrade, in line with the modernization and innovation goals set by President Dmitry Medvedev.