DTEK, Ukraine’s largest private energy company, and Octopus Energy Group, the global clean energy tech business, have announced RISE – a new initiative to deliver rooftop solar and battery storage systems to Ukrainian businesses and public sector institutions.
Announced at the Octopus’ Energy Tech Summit in London, the partnership brings together DTEK’s on-the-ground expertise and experience with Octopus Energy Group’s AI-powered operating system, Kraken, to strengthen energy resilience.
RISE, which stands for Resilient Independent Solar Energy, is the first programme of its kind in Ukraine. It aims to raise €100 million to finance 100 on-site energy projects over the next three years. This initiative will help stabilise the grid, lower electricity costs for customers and protect them against outages and price hikes.
The solar and battery systems will be installed directly on customer premises by D.Solutions, DTEK’s business specialising in consumer energy supply and energy efficiency services, under its retail brand, YASNO.
The systems will use the Kraken operating system, enabling businesses to optimise and manage their energy use in real time, reduce consumption during peak hours, and sell surplus electricity back to the grid, boosting resilience and savings.
Maxim Timchenko, DTEK CEO, said: “About 70% of Ukraine’s thermal generation capacity has been damaged, destroyed or seized since the full-scale invasion. This has created not only an urgent need to rebuild but also an opportunity to accelerate the shift to a decentralised, renewable energy system. DTEK’s partnership with Octopus Energy combines the strength of two national energy champions and is a step towards a stronger, greener energy future. By combining investment, technology and international support, we can help Ukrainian businesses and communities take control of their energy needs and lay the foundation for lasting energy independence. Thank you to Octopus Energy, the UK Government and British people for their unwavering support to Ukraine.”
Greg Jackson, Founder and CEO of Octopus Energy Group, said: “Ukraine – and specifically DTEK – has demonstrated incredible resilience and agility in the face of unprecedented destruction to its energy system. They are rebuilding at pace and pioneering a decentralised, smart energy system powered by homegrown renewables – and this is exactly where Kraken can be highly effective. We’re proud to partner with them to help Ukraine come back stronger than ever.”
About DTEK
DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion of capital invested since 2005.
Our companies generate electricity at wind, solar, and thermal power plants; distribute and supply electricity to end consumers; extract natural gas and coal; trade energy resources on Ukrainian and foreign markets; and provide energy services to households and businesses.
Over the past 20 years, DTEK Group has grown into a national energy leader and is now transforming into a pan-European clean energy business.
Since the start of the full-scale invasion of Ukraine in 2022, DTEK Group has restored power supply to more than 17 million consumers in regions affected by the hostilities.
DTEK Group is wholly owned by SCM Holdings. The ultimate beneficiary and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.
Source: https://dtek.com/
