12.09.2025
After every massive attack on its energy infrastructure, Ukraine begins the recovery of damaged facilities. This recovery is rapid, complex, and highly risky.
However, with each new stage, we are becoming less like a country that is simply patching up what has been destroyed. We are growing stronger and increasingly establishing ourselves as a nation rebuilding its energy sector on new principles: decentralization, flexibility, energy storage, and a green transition.
On a national scale, the financial sector is currently making the largest contribution to the recovery of energy infrastructure.
In the year from June 2024 to August 2025, Ukrainian banks financed the restoration of generation facilities with a capacity of 993 MW, as well as energy storage and heat generation projects totaling 389 MW.
In total, businesses received nearly 2,000 loans amounting to UAH 24.7 billion, while individuals took out over 9,000 loans.
This momentum was made possible by shifts in the National Bank’s policy: reducing risk coefficients for energy equipment, adapting regulations, and implementing a joint strategy with the Ministry of Economy and the Ministry of Finance. The recovery of the energy sector has been officially recognized as a key lending priority.
Financing has also become more accessible for individuals. PrivatBank, in cooperation with the EBRD, has launched the “EnergoGrant” program: loans for solar power plants (SPPs), inverters, batteries, and heat pumps with a reimbursement of up to 25% of the cost.
The program offers up to UAH 1 million without collateral or a down payment for a term of up to 5 years, with a loan decision in 2 minutes.
The maximum reimbursement is available to veterans, IDPs (Internally Displaced Persons), residents of de-occupied territories, and those affected by the war.
In addition to households, PrivatBank also supports small and medium-sized businesses: a new EBRD guarantee of €185 million opens up the possibility of providing financing to Ukrainian enterprises for a total of up to €600 million.
Energy storage is one of the most dynamic and promising technologies in modern energy. And not just in theory. In Ukraine, “storages” are already changing the energy logic for businesses, reducing dependence on peak tariffs, increasing production reliability, and opening up new revenue models.
Over six years, the cost of energy storage systems has fallen 8-10 times: in 2019, 1 MW cost about €1 million, whereas in 2025, it costs between €150,000 and €170,000.
This was made possible by technological progress, the scaling of energy storage projects, and the end of market dominance by individual brands (primarily Huawei).
The emergence of new players—Chint, Hitium, Deye, Jinko—has intensified competition and also contributed to the decreasing cost of energy storage systems. For example, Huawei storage units with a capacity of 2.2 MW and an energy capacity of 4.4 MWh now cost around €800,000, which is about a third cheaper than a year ago.
Businesses with a connected capacity that exceeds their actual consumption can use “storages” without changing their status in the power system. For example, a company with a 2 MW connection and 1 MW of consumption can feed the surplus capacity into a battery and release it at the most profitable moment, based on price schedules.
The most common use cases are:
This versatility ensures a return on investment for these installations in just 3–4.5 years, even without government support. More and more businesses are viewing storages as a separate infrastructure that not only reduces risks but also creates added value.
At the same time, technical solutions are becoming more adaptive: from compact 100 kW systems for shops or logistics warehouses to powerful megawatt-scale installations for agricultural hubs and production lines.
In cities with large facilities (shopping malls, thermal power plants, elevators), energy storage is already becoming a tool for managing connected capacity—an asset that allows for cost optimization or even revenue generation.
The market is growing rapidly: dozens of companies are implementing their own solutions, and major players like KNESS and DTEK are investing in hundreds of megawatts for system balancing. However, challenges remain: market instability and access to capital.
That is why simplifying the regulatory environment and public-private incentive tools will be critically important in 2025–2026.
Energy Storage is no longer a technology of the future. It is the infrastructure that solves today’s problems and shapes the architecture of tomorrow’s energy sector.
In parallel, the regulatory framework is also changing. The Ministry of Energy has presented a draft law on the implementation of EU Directive 2018/2001 in the field of renewable energy sources (RES).
The document defines the principles for the development of energy communities, the creation of special zones for RES and storage, establishes new requirements for data transparency, and simplifies permit procedures.
A separate provision concerns households: participation in state support programs requires the installation of SPPs together with storage units (a minimum of 0.5 kWh for every kW of generation). It also provides for the preferential connection of energy storage to the grid, which is already being actively implemented in practice.
All of this points not just to recovery, but to a systemic transformation. At its core are decentralization, storage, smart demand management, and adaptation to new market models.
Ukraine’s energy sector is gradually transitioning to a configuration in which flexibility, modularity, and locality are becoming core values.
An increasing number of tools (financial, technological, and regulatory) are enabling the move towards a resilient architecture—one where businesses, households, communities, and large-scale generation are not separate players, but parts of a single, complementary system.
And it is in such a model that we have the best chance not only to endure but to win. Both in the energy sector and overall.
About the author:
Vadym Lytvynenko, Executive Director of NVP ENERGO-PLUS LLC. Born on October 25, 1975.
