17.09.2026
On September 17, the Energy Club held the “Energy of Freedom: Resilience and New Opportunities for the Energy Storage Systems Market in Ukraine” forum in Kyiv. Representatives of government, business, the banking sector, investors, legal and technology companies discussed how to develop a transparent and economically viable energy storage market in Ukraine and what role BESS can play in strengthening the country’s energy security.
The forum was moderated by Valerii Bezus and Artem Martyniuk, Vice Presidents of Energy Club.
Participants focused not only on the potential of the technology but, above all, on practical issues: where BESS projects already have a viable economic case, which revenue streams can be combined, what regulatory changes are needed to attract capital, how to assess project payback in an unstable market, and which models may be relevant for businesses, industry, communities and critical infrastructure.
From business models to real-world cases
The first panel, “Strategy, Investment, and Business Models: How to Make the BESS Market in Ukraine Profitable?”, focused on the economics of energy storage systems and opportunities for their participation in different segments of the electricity market.
Andriy Kobolyev, Founder and CEO of ENEY, spoke about the role of BESS and renewable energy in shaping the new architecture of the energy market.
Yurii Podoliak, CEO of IKNET, presented opportunities for BESS to participate in different segments of the electricity market, including the potential to combine multiple revenue streams.
Vitalii Shevchenko, CEO of Panorama Group of Companies and Chair of the Board of the NGO “Ukrainian Association of Energy Service Companies”, focused on the investment and practical aspects of the energy storage market — where the economics of projects are already emerging and how private capital can enter the sector.
Olha Romaniuk, Chief Commercial Officer, CPG Energy, spoke about the opportunities energy storage systems offer businesses, focusing on greater autonomy and cost savings for consumers during power outages.
Serhii Harmashev, Head of Energo Group, presented practical cases and the economics of implementing energy projects.
Vitalii Khrypun, Head of the Direct Sales Department at SOLARsk, shared his practical experience in project implementation, highlighting hidden risks and the factors that determine project payback.
Ilya Chaban, Director of the Energy Department of the EDS Engineering and Investment Group, presented the concept of Ukrainian flexible energy hubs, investment opportunities and their potential to strengthen energy independence.
The discussion also focused on combining different BESS use cases, including participation in the balancing market and provision of ancillary services, price arbitrage, self-consumption and backup power.
How to make a BESS project bankable
The second panel, “The ‘bankable’ Project: How to Finance, Legalize, and Technologically Implement BESS”, moved the discussion from the potential economics of storage to the practical implementation of investment projects.
Pavlo Prytyko, Director of the Department for Work with Medium-Sized Corporate Clients, FUIB, spoke about banks’ requirements for financing corporate BESS projects.
Denys Samchuk, Deputy Head of the Sales Department of SME at Oschadbank, presented the banking perspective on how to make a BESS project “bankable”, what financial instruments may be available, and how banks assess project risks and payback.
Maksym Fedotov, attorney, CEO and Founder of the law firm “FEDOTOV&PARTNERS”, examined legal models for energy storage systems — as standalone facilities, as part of solar power plants, and as part of an enterprise.
Dmytro Olefir, Deputy Director for Strategic Development at NVP “Energo-Plus” LLC, focused on the practical path of BESS project implementation — from developing the technical concept to commissioning.
Vitalii Nykolaienko, CEO of Voltage Group, spoke about the specific challenges of implementing energy storage projects and common mistakes that can affect the timelines and quality of investment project commissioning.
Maxym Rybintsov, Technical Director Livoltek, outlined an approach in which the future of BESS is not limited to backup power, but combines backup functionality with the project’s economic value.
From technology to a new energy market
The forum’s discussions demonstrated that the development of BESS in Ukraine is already moving beyond the issue of backup power. Energy storage systems are increasingly viewed as a tool for balancing the power system, increasing consumer autonomy, integrating renewable generation and creating new investment opportunities.
At the same time, scaling up the market requires a comprehensive approach: clear regulation, predictable rules for participation in the electricity market, accessible financial instruments, high-quality technical preparation and business models capable of ensuring project economics.
The combination of technology, capital, regulatory solutions and practical experience can turn energy storage systems from individual energy solutions into one of the key elements of a new, more flexible and decentralized architecture of Ukraine’s energy system.
