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DTEK officially launched Ukraine’s first industrial lithium-ion energy storage system yesterday, a pioneering entry into what is to be a billion dollar business in Ukraine during this decade.

Friday, May 21, 2021

Maksym Tymchenko, DTEK’s CEO, said of the 1 MW battery in Zaporizhia: “This is first step toward building a new reliable, flexible energy system in Ukraine. We open door to other actors who will invest more in energy storage systems.” Storage helps power distribution companies balance the peaks and lows of electricity generated from solar and wind plants.

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Energy

Worldwide during the 2020s, about $225 billion could be spent to build almost 500 gigawatts of storage capacity, said Eren Ergin

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Responding to strong world steel prices, Ukraine’s steel makers increased steel production by 7.2%

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Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

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