We believe in the victory of Ukraine, so we continue developing innovations for rebuilding the Ukrainian energy industry.
Since the full-scale invasion, our company has managed to adapt and continues to operate in these challenging conditions for everyone. Crisis management is the backbone of business stabilization, we must make management decisions daily, respond to situational changes, and build systems to maintain business stability in the future.
Our group of companies operates throughout the territory of Ukraine, so on February 24, our foremost task was to ensure the safety of our employees in all possible ways: ranging from evacuation out of dangerous areas and supporting employees who have decided to flee abroad, to help with logistics and settlement in Poland (there we have a representative office). We constantly kept in touch with all employees, developed instructions, and taught information hygiene to minimize the impact of psychological operations and stabilize the colleagues’ psycho-emotional state.
Our team has shown and is still demonstrating incredible unity in its actions, decisions, and perception of the situation in all matters starting from corporate volunteering to fulfilling operational tasks.
All the company’s co-owners are in Ukraine and engaged in the operational process; one started military service in October. Responsibilities are shared between the co-owners, and this approach has proven effective and efficient in crisis conditions. At the beginning of the full-scale invasion, the stakeholders set priority and strategic areas of the company's activity, one of which is volunteering, and divided responsibility zones. Thus, corporate volunteering has turned into one of the important organized activities of the group of companies. The main volunteering direction was supporting the country's defense capability and blood donation. Together with the team, we handed over 8 million hryvnias to the defenders. We supplied off-road vehicles, in particular upgraded by us, special equipment (drones, optical sights, thermal imagers, etc.), tactical equipment, medications (hemostatic drugs, tourniquets, etc.), personal protective equipment, generators, furniture, tents and kit for them, PCs, laptops, phones, walkie-talkies, printers, video recorders and much more to the military and special forces. The company organized regular purchases of necessary equipment abroad and logistics to Ukraine in order to quickly equip military units with special gear.
Crisis management in wartime is a fundamental tool for sustaining business and building the foundation for post-victory capabilities deployment. Initially, we developed an action plan that ensured the sustainability of the entire group of companies for the first 6 months: minimizing all expenses, analyzing existing business models, and ceasing ineffective in the current conditions; then came operational development and implementation of new ideas and business models for the income formation in the current and future periods. This brought stability and balance for making further decisions and the opportunity to increase the planning horizon systematically.
Preserving a team is one of the most crucial tasks for business functioning. Our priorities in working with the team are honesty and trust. We managed to retain the key staff members. We conducted an analysis, optimization, and rotation of personnel to increase overall efficiency and keep critical competencies that allow the company to be stable and intensify after the victory of Ukraine.
The teams work in smaller compositions in some directions because dozens of our colleagues have joined the ranks of defenders. All workplaces for employees who are currently in military service will be retained for the entire period of service. We also pay one-time benefits to our servicemen.
Stabilization and maintenance of the company require constant revision of business models, costs and income balancing, and, accordingly, revision of the activity and prospects of one or another functional direction today and in the future — decisions in the group of companies are generated and worked out by the management team.
All our departments are now operating wherever it is possible and safe for life. Business activity in the renewable energy sector in Ukraine as a whole decreased due to objective reasons. However, there are a lot of tasks for power engineers now, and our primary competence is exactly engineering expertise in the power industry.
There are several business development scenarios for the following periods of different terms and plans for 2025.
Currently, the focus of activity in Ukraine is the support and restoration of the energy system. In particular, we proceed designing, building and restoring, carrying out service maintenance of electric power facilities, providing services for forecasting generation, electricity trading, and supply. We are also acting as the organizer of balancing groups and microgrids.
Our experience and knowledge are in demand in the areas of restoration of critical and energy infrastructure of various cities. We continue to work and supply electricity to our customers, including creating our own generation sources for facilities. Our engineering and construction divisions performed autonomous energy supply and restoration of several social infrastructure facilities (hospitals, shelters, hubs). Our innovative department has developed several models of mobile solar station PV-sich, which are manufactured in our in-house production and provide electricity to defenders, and field hospitals.
We continue to work on projects in European countries. During the year of work on the Polish photovoltaic market, we have already built more than 60 MW of solar plants and have another 65 MW in our portfolio for implementation.
Undoubtedly believing in the victory of Ukraine, we invest and look for investments in innovations for the energy industry; in particular, we actively work on the development and improvement of energy storage systems and software solutions for the energy industry, which will be relevant not only for Ukraine but also for the world. We are convinced that after the victory, energy storage systems will become absolutely necessary for the reconstruction and construction of a new energy system in Ukraine which will be energy-independent.
