State-owned Energy Company of Ukraine (ECU) has signed a Memorandum of Understanding (MOU) with global energy company GE Vernova (USA) aimed at accelerating innovative solutions in the field of distributed generation. This collaboration unlocks new opportunities for Ukrainian cities looking to build their own generating capacities, ensuring a reliable and sustainable energy supply.
The collaboration will be grounded in a holistic approach to projects implementation. It encompasses technical support, financial, digital solutions, and regulatory guidance, empowering cities to not only establish their own generating capacities but also manage them efficiently. This approach also accelerates the integration of distributed generation into Ukraine's energy system.
“Such an approach will result in more efficient and beneficial distributed generation projects in the regions of Ukraine,” said Vitaly Butenko, CEO of ECU. “Collaborating on projects with a global partner like GE Vernova is strategically important for Ukraine as they bring advanced technologies and capabilities that help to ensure the seamless integration of new energy into the system.”
About ECU
JSC "Energy Company of Ukraine" (ECU) is a national energy supplier and a leading trader of electricity, including import and export. ECU established Ukraine’s largest state balancing group and ranks among the top two off-takers of green electricity. Its clients generate 10% of the country’s GDP.
As a distributed generation operator, ECU partners with communities and businesses to provide comprehensive solutions that enhance their energy security while ensuring cost-effective operations. This includes participation in aggregated group and cooperation within an “active consumer” framework.
ECU is fully state-owned and managed by the State Property Fund of Ukraine.
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it.
GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across approximately 100 countries around the world.
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