The financing package covers the development of capacities across six sites in Ukraine
The US-backed Ukraine Recovery Investment Fund (URIF) has joined an €85 million financing structure for DTEK's 200 MW / 400 MWh battery energy storage project across six sites in Ukraine. The decision follows a meeting of the URIF board, establishing that both URIF and the US International Development Finance Corporation are backing the initiative. This is reported by the portal PromPolitInform, citing information from DTEK, based on data from URIF.
The Ukraine Recovery Investment Fund was established in 2025 by the governments of Ukraine and the United States to bring long-term investment into reconstruction and future economic growth. Its involvement in DTEK’s storage project reflects the importance of strengthening Ukraine’s energy system now while building foundations for a secure and resilient economy.
The financing package was announced on September 16 following approval by the US Government’s International Development Finance Corporation (DFC). Today’s announcement, following a meeting of the URIF board, establishes that both the DFC and URIF have decided to back the project.
Scale of the storage system
The system, which became operational a year ago, is Ukraine’s largest and has enough capacity to supply the equivalent of some 600,000 homes. It was built by DTEK engineering teams in partnership with US technology provider Fluence.
URIF’s participation sends a clear signal of US confidence in Ukraine’s energy sector and the country’s ability to deliver critical infrastructure during wartime. It also serves as a practical example of international partners turning support for recovery into practical investments that strengthen energy security.
Photo: DTEK
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