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  • Maxim Timchenko: Ukraine should become the platform for scaling global innovative energy technologies
03 March 2023, Ukraine
Maxim Timchenko: Ukraine should become the platform for scaling global innovative energy technologies
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Maxim Timchenko: Ukraine should become the platform for scaling global innovative energy technologies

Post-war Ukraine should become the platform for implementing and scaling the best technologies and innovative energy solutions. The country has necessary experience and the will to use these technologies. DTEK CEO Maxim Timchenko stated this during his speech at the Partnership for Transatlantic Cooperation on Energy and Climate (P-TECC) meeting, which took place in Zagreb (Croatia).

Today, we should think about what Ukraine will be like after the victory, about its future as a post-war country. I am convinced that Ukraine should become the platform for scaling all innovations and global technologies in reconstruction,

said M. Timchenko.

For example, he cited SMRs - small modular reactors, the technological implementation hampered by the need for licensing and bureaucratic procedures in a number of countries. "Ukraine can be the country that will overcome these difficulties because we have considerable experience in managing the nuclear industry since more than half of the electricity in Ukraine is produced at nuclear power plants," said DTEK CEO.

He also stated that DTEK plans to rebuild the destroyed power grid in the Kyiv region thathas been liberated  from the russian occupiers in accordance European innovation standards. "We can test this scheme in these areas and then scale it to the level of the entire country because, without high-tech networks, no new technologies in electricity generation are possible," M. Timchenko emphasized.

Commenting on the situation in the energy sector, DTEK CEO said that Ukraine had survived the most challenging winter in its history. "As of March 1, Ukraine’s power system does not have a capacity deficit, there have been no power outages in Ukraine for almost 20 days. All of this is possible today thanks to the bravery and creativity of our energy workers, who quickly restore energy facilities damaged by russian missiles. Special thanks go to the Air Defense Forces of Ukraine, which shot down most of the missiles flying at energy facilities," said Maxim Timchenko.

According to him, Ukraine is already starting preparations for the following winter. A lot of equipment is in need of repairing and the process requires financing.

"Currently, the international aid and financing system works only “government to government”  when the allocated funds are received by the state budget or state-owned companies. I am convinced that the private sector should also be effectively involved in this mechanism and be perceived by international financial organizations as a party that can significantly speed up the processes of rebuilding the energy system," said DTEK CEO.

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About DTEK
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