Ukrainian energy company DTEK plans to invest €140m ($155m) to develop a range of energy storage systems with 200MW capacity to bolster the country’s energy security and improve grid stability.
The initiative will establish DTEK as the country’s largest investor in energy storage.
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The energy company aims to commission a series of energy storage systems by no later than September 2025.
These systems are expected to provide ancillary services to Ukraine’s transmission system operator, Ukrenergo.
The investment follows DTEK Group’s successful bid in an auction on 22 August 2024, in which it won the right to provide automatic frequency restoration reserves to Ukrenergo.
Energy storage systems are a strategic priority for DTEK Group, particularly in the context of Ukraine’s current energy challenges.
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By GlobalDataThe technology is regarded as crucial to decentralise the nation’s energy system and mitigate the impacts of Russia’s energy influence.
As it sets out to shift from a centralised system dependent on a few power stations to a more diverse network with thousands of energy sources, Ukraine is focusing on battery technology.
Batteries will play a key role in balancing the grid by absorbing excess energy during periods of high generation and releasing it when needed to match demand.
In addition to the energy storage investment, DTEK and other Ukrainian energy companies are working on repairing existing power generation facilities to ensure stability through the winter of 2024/25.
They are also deploying new technologies to establish a more decentralised and resilient energy system for the future.
DTEK chief executive Maxim Timchenko stated: “Despite the war and limited access to foreign capital markets, we continue to invest in Ukraine – not only to restore destroyed infrastructure but also to build new facilities in line with our long-term strategy.
“DTEK was the first company to start building energy storage systems and open this market in Ukraine back in 2021.
“Our priority remains unchanged: to develop green energy in Ukraine, accelerate the integration of the country’s energy system into Europe and strengthen our country’s energy security.”
In July 2024, DTEK’s renewable energy arm DRI acquired a 133MW battery storage project in Poland.
