The US Department of State believes Ukraine can become a natural green energy bank for the EU.

US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, stated at the Ukraine Recovery Conference in Berlin: “We need to change the paradigm of how we see Ukraine’s energy future. There is too much discussion about Ukraine as a recipient of aid – we need to think about Ukraine as a business opportunity.”

He emphasized that this will also help to resolve the important issue of Europe’s final dismissal of Russian energy carriers.

“Europe will never again consider the Russian Federation as a reliable supplier, which means that Europe will have to look for new sources of energy with an eye to the future,” Pyatt said.

Therefore, he emphasized that Ukraine is a “natural bank of green” energy for the EU in terms of its wind and solar resources, biomass potential, and existing and planned nuclear capacities. In addition, according to Pyatt, Ukraine has prospects for the development of its hydrogen economy.