Energy

The Ukrainian energy sector is under constant attacks by Russian airstrikes. In 2024, Russia carried out 13 massive attacks on the Ukrainian energy system, launching 1,712 missiles and drones. Consequently, more than 9 GW of power and heat production capacity was destroyed or damaged. Due to this, Ukrainian households spent almost 2,000 hours during the year without electricity according to IMEPOWER. Luckily, part of the capacity has been restored by the beginning of the 2024/2025 winter season.

Although the energy sector is one of the most vulnerable, it is also one of the most promising. Ukraine can now Build Back Better, investing in green and effective technologies. In a record-short time after the full-scale invasion, Ukraine connected to the EU power grid, ensuring the stability of the interconnected network, increasing the import-export capacity to 2.1 GW by 2025.

In 2024, several companies have announced investments in large battery energy storage facilities, wind farms, decentralized gas-fired electricity generators, as well as 40 MEUR investments in small and middle size projects focusing on "behind the meter" solutions for on-site energy generation and storage.

In response to the current challenges, international aid has also been pledged to help repair the damaged infrastructure. In June 2024, Norway pledged 100 million EUR to secure Ukraine’s electricity supply. Additionally, both countries signed a memorandum of understanding (MoU) on establishing an energy partnership that will prioritize:

• Exchange of best practices in energy transition
• Innovative technologies in the context of renewable energies
• Building up decentralized generation
• Attracting investments in the rebuilding and modernization of Ukrainian energy infrastructure

NUCC urges Norwegian companies that would like to do business in/with Ukraine in either sector to apply for membership in NUCC and to get access to the unique network with extensive knowledge and experience of doing business between our two countries.

Project Manager

Sigbjørn Albertsen
sigbjorn@nucc.no