If Putin wants to stop a bank run, he doesn't have good options.
A static synchronous compensator ( STATCOM ), also known as a static synchronous condenser ( STATCON ), is a regulating device used on alternating current electricity transmission networks. It is based on a power electronics voltage-source converter and can act as either a source or sink of reactive AC power to an electricity network. If connected to a source of power it can also provide active AC power . It is a member of the FACTS family of devices. It is inherently modular and electable.
Russian President Vladimir Putin has used his country’s massive energy reserves effectively for political influence. But with war in Ukraine, nations are looking for ways to cut those ties.
Engineers achieved “a year’s work in two weeks” to safely do so
Russia’s invasion has caused a short-term spike in prices, but could prompt a long-term shift towards sustainability.
Energy in Ukraine is mainly from gas and coal , followed by nuclear then oil. The coal industry has been disrupted by conflict. Most gas and oil is imported, but since 2015 energy policy has prioritised diversifying energy supply.
Klaus Schwab, the founder of the World Economic Forum, has been dreaming of a “Great Reset” of the global system. He has argued that Covid-19 and the climate crisis showed that no count…
Energy
Main article: Energy in Ukraine
Electricity production by source, Ukraine
Energy in Ukraine is mainly from gas and coal, followed by nuclear then oil.[219] The coal industry has been disrupted by conflict.[305] Most gas and oil is imported, but since 2015 energy policy has prioritised diversifying energy supply.[306]
About half of electricity generation is nuclear and a quarter coal.[219] The largest nuclear power plant in Europe, the Zaporizhzhia Nuclear Power Plant, is located in Ukraine. Fossil fuel subsidies were US$2.2 billion in 2019.[307] Until the 2010s all of Ukraine's nuclear fuel came from Russia, but now most does not.[308]
Although gas transit is declining, over 40 billion cubic metres (bcm) of Russian gas flowed through Ukraine in 2021,[309] which was about a third of Russian exports to other European countries.[310] Some energy infrastructure was destroyed in the 2022 Russian invasion of Ukraine.[311][312]
On 16 March 2022, European Network of Transmission System Operators for Electricity said Ukraine's electricity grid and Moldova's electricity grid were successfully synchronized with the Synchronous grid of Continental Europe, on a trial basis, allowing the countries to decouple their power systems from Russia, previously part of the Integrated Power System that also includes Belarus.[313][314]