Ukraine’s private energy company DTEK and Octopus Energy Group have announced the launch of the Resilient Independent Solar Energy (RISE) initiative aimed at raising €100m ($115.16m) to deliver renewable energy projects in Ukraine.
The initiative, announced at the Octopus Energy Tech Summit held in London on 23 June 2025, will secure the funding to finance 100 on-site energy projects over three years.
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The programme aims to deploy rooftop solar and battery storage systems (BSS) across Ukrainian businesses and public sector institutions.
It is expected to enhance grid stability, reduce electricity costs for consumers and safeguard them from outages and price increases.
The partnership combines DTEK’s local expertise with Octopus Energy’s Kraken technology, an AI-powered operating system, to reinforce stability within Ukraine’s power grid.
Ukraine’s commercial and industrial (C&I) behind-the-meter (BTM) energy market is still largely unexplored, with an estimated annual potential of 300MW, valued at €200m.
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By GlobalDataDTEK CEO Maxim Timchenko stated: “This partnership with Octopus Energy combines the strength of two national energy champions and is a step towards that future.
“By combining investment, technology and international support, we can help Ukrainian businesses and communities take control of their energy needs and lay the foundation for lasting energy independence. We are especially grateful to the UK government and British people for their unwavering support for Ukraine.”
The solar and BSS projects will be directly integrated into customer sites through D.Solutions, a subsidiary of DTEK focused on customer energy supply and energy efficiency services under Octopus Energy’s retail brand YASNO.
The systems will utilise the Kraken operating system for real-time management of the installations.
The technology enables businesses to optimise their energy usage, lessen consumption during peak times and contribute surplus power back into the grid, promoting savings and boosting resilience.
Octopus Energy Group founder and CEO Greg Jackson stated: “Ukraine – and specifically DTEK – has demonstrated incredible resilience and agility in the face of unprecedented destruction to its energy system.
“They are rebuilding at pace and pioneering a decentralised, smart energy system powered by homegrown renewables – and this is exactly where Kraken can be highly effective. We’re proud to partner with them to help Ukraine come back stronger than ever.”
Octopus Energy Generation recently established the Octopus Energy Power Africa Fund (OEPA), dedicated to expediting investments in renewable energy across the African continent.
