Berlin, Germany, 11 June 2024 – Schneider Electric, the leader in the digital transformation of energy management and automation, and DTEK Group, the largest private investor in Ukraine's energy sector, today announced a memorandum of understanding to bring innovative energy solutions to Ukraine, focusing on smart infrastructure, grid modernization, digitization, and industry solutions.
The partnership outlines a comprehensive framework for close cooperation to identify and implement projects that will enhance energy efficiency, ensure reliability of supply, and promote sustainable energy use across Ukraine.
“Schneider Electric understands the specific needs of the Ukrainian energy sector and has profound expertise in technologies and practices that can enhance energy efficiency and sustainability," commented Mykhaylo Bubnov, CEO of Schneider Electric Ukraine. "We have a long-term business relationship with DTEK. Our cooperation especially intensified after the outbreak of war in Ukraine, when we transferred electrical equipment for the rapid restoration of damaged critical infrastructure facilities. Now, as 2 years ago, we understand the importance of supporting the Ukrainian energy system, coordinating cooperation, and fast collaborative actions. We look forward to sharing our extensive knowledge and solutions with DTEK."
"Schneider Electric has been our trustworthy partner over two difficult years for Ukraine and the Ukrainian energy industry. Today, this partnership is a significant step forward in our mission to transform the energy landscape of Ukraine," said Maxim Timchenko, CEO of DTEK. "By combining our resources and expertise, we are poised to implement cutting-edge solutions that will not only meet the immediate needs of our energy sector but also ensure its resilience and sustainability in the future."
Schneider Electric was one of the first companies to answer DTEK’s call for support following Russia’s invasion in February 2022. From April 2022, Schneider Electric has donated 43,000 pieces of emergency equipment worth 4 million euros (equal to 150 million hryvnas). These efforts helped keep Ukraine’s energy system running. The donation included a range of medium and low-voltage equipment (frequency converters, circuit breakers, and digital solutions to facilitate the repair, maintenance, and remote monitoring of critical energy infrastructure across the grid). Today’s memorandum deepens this unique and enduring bond, forged in the toughest of circumstances.
In the light of the current critical situation facing Ukraine’s energy system, the parties will focus on cooperation in the following areas:
- Collaborative initiatives and information sharing that identify, apply, and promote effective measures and solutions to implement pilot projects in the energy sector.
- Meeting DTEK’s immediate needs to fast-track restoration and maximise DTEK’s energy generation capabilities.
- Developing and implementing battery storage assets, in and outside Ukraine, to create a more dispersed and resilient energy grid.
- Modernising Ukraine’s electricity grid to enhance reliability of supply, minimise energy losses and create a more flexible, future-proof network.
- Developing and implementing pilot/demo projects that 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 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.
DTEK Group is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.
About Schneider Electric
Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability. At Schneider, we call this Life Is On.
Our mission is to be the trusted partner in Sustainability and Efficiency.
We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.
We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.
