The major source of energy comes from fossil fuels. The current situation in the field
of fuel and energy is becoming more problematic as world population continues to grow
because of the limitation of fossil fuels reserve and its pressure on environment.
This review aims to find economic, reliable, renewable and non-polluting energy sources
to reduce high energy tariffs in Russian Federation. Biofuel is fuel derived directly
from plants, or indirectly from agricultural, commercial, domestic, and/or industrial
wastes. Other alternative energy sources including solar energy and electric power
generation are also discussed. Over 100 Mt of biomass available for energy purposes
is produced every year in Russian. One of the downsides of biomass energy is its potential
threatens to food security and forage industries. An innovative approach proved that
multicomponent fuel (80% diesel oil content for motor and 64% for in stove fuel) can
remarkably reduce the costs. This paper proposed that the most promising energy model
for future is based on direct solar energy conversion and transcontinental terawatt
power transmission with the use of resonant wave-guide technology.