In order to improve the system of government control over socioeconomic development of the Russian Arctic zone, the Strategy of Russian Arctic Zone Development and National Security Protection provides, among the key focus areas, for electric supply system development that includes building on-shore and floating nuclear heat and power plants, improving energy efficiency, enhancing renewable energy sources utilization, as well as providing energy self-sufficiency of remote small settlements.
Nowadays we have real opportunities, scientifically and technically justified solutions to cover 30-35% of the Arctic heat and electricity requirements using the RES. A multifunctional energy complex (MEC) based on a hybrid wind-diesel power plant with an energy storage (ES) and solar cells providing combined generation of electricity, heat using distributed energy heaters, and cold using heat pumps, with an AC and DC link can serve as a core basis for self-generated power supply for consumers, mainly in the Arctic regions.
Creating smart integrated grid architecture systems for simultaneous electricity, heat and cold generation based on high-performance modular small and floating NPPs is a key strategic objective of innovative power industry development in the Russian Arctic zone.

Key words: electric power industry, Arctic, multifunctional energy complex, modular small and floating NPPs, smart integrated grid architecture systems.