Schneider Electric and DTEK Group announce MoU.

DTEK Group and Schneider Electric Announce MoU for Grid Modernization in Ukraine

June 12, 2024

The partnership will identify and implement projects to enhance energy efficiency, ensure reliability of supply, and promote sustainable energy use across Ukraine.

DTEK Group

DTEK Group, a private investor in Ukraine's energy sector, and Schneider Electric have announced a memorandum of understanding to bring smart infrastructure, grid modernization, digitization, and industry solutions to Ukraine.

The partnership highlights a comprehensive framework for close cooperation to identify and implement projects to enhance energy efficiency, ensure reliability of supply, and promote sustainable energy use across Ukraine.

The parties will focus on cooperation in the following areas:

· Collaborative initiatives and information sharing identifying, applying, and promoting effective measures and solutions to implement pilot projects in the energy sector.

· Meeting DTEK’s immediate needs to fast-track restoration and maximize DTEK’s energy generation capabilities.

· Developing and implementing battery storage assets, in and outside Ukraine, to create a more dispersed and resilient energy grid.

· Modernizing Ukraine’s electricity grid to enhance reliability of supply, minimize energy losses and create a more flexible, future-proof network.

· Developing and implementing pilot/demo projects to test innovative solutions with the ultimate aim of creating a more energy efficient energy sector.

· Identifying potential project financing solutions alongside European export credit agencies (ECAs) and other international financial institutions.

About the Author

DTEK Group

DTEK Group is the largest private investor in the energy sector of Ukraine. The Group employs 55,000 people.

DTEK Group's companies are engaged in coal and natural gas mining, electricity production at wind, solar and thermal power plants, trade energy resources in the Ukrainian and international markets, distribute and supply electricity to consumers, provide energy-efficient services to customers, and develop a network of high-speed charging stations. In accordance with the Strategy 2030, DTEK strives to transform into a more energy-efficient, environmentally friendly and technological business, guided by ESG principles. DTEK is a member of the World Economic Forum’s Partnering Against Corruption Initiative (PACI). Our goal is to achieve carbon neutrality.

Since the beginning of the full-scale invasion, DTEK Group has restored power supply to more than 11 million consumers in the regions affected by the hostilities.