To get there, Ukraine has to develop regulations and laws to accommodate energy storage systems,

Maksym Nemchynov, a deputy energy minister, said. Referring to this legal black hole, he praised DTEK for going ahead, calling it “a brave and risky project.” He and Roman Abramovskiy, minister of Ecology and Natural Resources promised to help create the legal framework for more investments in industrial scale energy storage.

Energy storage systems in Ukraine can receive $300 million in revenues a year

, Volodymyr Kudrytskyi, chairman of Ukrenergo, predicted at a recent press conference, reports ExPro Consulting. Solar and wind power plant have production peaks and lows, necessitating storage systems to ‘balance’ electricity flows. DTEK is preparing to commission Ukraine’s first industrial power storage  system, a 1 MW unit next to the Zaporizhia thermal power plant. Built by Sungrid, a Canadian company, the unit uses a lithium-ion energy storage system supplied by Honeywell.