DTEK has selected Fluence Energy (NASDAQ: FLNC) to deliver Ukraine''s first large-scale battery-based energy storage portfolio, representing a €140 million investment. The project involves six energy storage sites across
Executive Summary In this work we describe the development of cost and performance projections for utility-scale lithium-ion battery systems, with a focus on 4-hour duration
Beyond batteries, China is further developing a number of non-battery storage projects including the world''s largest flywheel energy storage project (30 MW) which was connected to the grid in 2024. It would seem likely
The power modules for a 4-hour system are the same for a 12-hour system, so the incremental cost of adding duration/energy to a flow battery is tied to the addition of electrolyte to the system. 1.
Additionally, the development of advanced flow battery materials and innovative system designs is reducing costs and improving performance, making them more competitive with other energy storage options.
The signing of the loan agreement comes after Oschadbank joined the EBRD''s risk-sharing programme in February. Image: KNESS Energy company KNESS has secured a
Beyond batteries, China is further developing a number of non-battery storage projects including the world''s largest flywheel energy storage project (30 MW) which was
The financing—led by Oschadbank in collaboration with PUMB and Ukrgasbank—will support the development of five energy storage installations with a combined capacity of 180MW. In total,
Discover how flow batteries are revolutionizing long-duration energy storage. Learn about their cost-effectiveness, scalability, and role in the energy transition for grid and industrial needs.
DTEK, a leading Ukrainian energy company, has secured a $72 million loan to build one of Eastern Europe''s largest battery energy storage systems (BESS). The financing,
Project Finance The scale of investments in energy storage project finance will continue to dwarf venture capital investments in the sector. It''s also worth noting that non-recourse financing -- i.e., no corporate or personal guarantees
The collaboration led to the deployment of an advanced flow battery system, providing a sustainable and cost-effective solution for grid stabilization. Challenges and Solutions in Energy Storage Financing Common
The power modules for a 4-hour system are the same for a 12-hour system, so the incremental cost of adding duration/energy to a flow battery is tied to the addition of
A flow battery is a type of rechargeable battery. It stores energy using electroactive species in liquid electrolytes. These electrolytes are stored in external tanks and
On April 25, 2025, during the Spring Meetings of the World Bank and the International Monetary Fund held at the World Bank (IBRD) office in Washington, D.C., the Loan Agreement and the
Additionally, the development of advanced flow battery materials and innovative system designs is reducing costs and improving performance, making them more competitive
5 小时之前· DTEK CEO Maxim Timchenko standing by one of battery storage sites in Ukraine. Sept. 10, 2025 (Bohdan Nazarenko/DTEK) DTEK has launched the largest battery storage
Ukraine''s 200 MW/400 MWh battery project dwarfs most Eastern European installations, and is expected to come online in October 2025, ahead of the winter. From ESS
October 27-29, 2025 | Chicago, IL Join utilities, researchers, investors, and innovators at North America''s only event dedicated exclusively to flow battery technology.
22 August 2024: The recent report by the U.S. Department of Energy highlights the potential of flow battery technology in making low-cost, long-duration energy storage a reality. Flow batteries are positioned as a key competitor in the
The signing of the loan agreement comes after Oschadbank joined the EBRD''s risk-sharing programme in February. Image: KNESS Energy company KNESS has secured a €9.6 million (US$10.35 million) loan from
DTEK has selected Fluence Energy (NASDAQ: FLNC) to deliver Ukraine''s first large-scale battery-based energy storage portfolio, representing a €140 million investment. The
Creating Sustainable energy ecosystems constitute an important dimension of global energy transitions. Battery energy storage is important for large-scale deployment and grid integration
Who are Aramco''s key partners in its sustainability efforts? Aramco''s key partners include Rongke Power for flow battery technology, Ma''aden for lithium exploration and
Why Flow Battery Costs Are Making Headlines Ever wondered why utilities are suddenly eyeing flow batteries like kids in a candy store? The flow battery price conversation has shifted from
Ukraine needs $38 billion in financing in 2025, of which $2.7 billion is expected from the IMF, $13.1 billion from the EU under the Ukraine Facility, and the remaining $22.2 billion will be covered mainly through the
Renewable energy innovations and reduction in flow battery costs converge to provide a cost-competitive solution to power the net zero transition. Kwok Sher Wei reports. As the world races towards a sustainable
Flow batteries: reshaping energy storage landscape.1. Healthcare: A large hospital system in California uses a flow battery to provide backup power during grid outages. This ensures uninterrupted operation of
A new joint venture (JV) aims to establish domestic vanadium electrolyte production for flow batteries, while a new Japanese redox flow project has been announced in
For long-duration applications, an attractive alternative option to LFP is the flow battery. Flow batteries are not new; the first flow battery was patented in 1880 [5](see the figure below), a zinc-bromine variant which had multiple refillable
Lessons Learned from Emerging Economies The Supercharging Battery Storage Initiative would like to thank all authors and organizations for their submissions to support this publication. This
DTEK unveils €140m plan for 200MW battery energy storage systems in Ukraine. (Credit: DTEK) DTEK Group, a private investor in Ukraine’s energy sector, has announced a €140m investment plan to construct a series of battery energy storage systems (BESS) in the country with a combined capacity of 200MW.
The new project aims to strengthen Ukraine’s energy security and support the transition to a greener energy system. DTEK Group aims to commission the new storage systems by September 2025.
"In the context of large-scale attacks on Ukraine's energy system, the role of energy storage systems has become just as fundamental as energy generation itself," said energy minister Svitlana Grinchuk. ($1 = 0.8554 euros)
DTEK said its total investment in the project amounted to 125 million euros ($146.13 million). Six battery storage systems have been connected to the power grid in the capital Kyiv and Dnipropetrovsk regions in eastern Ukraine, it said.
