The French Ministry for Economy and Finance provided a grant to finance a joint project developed by Ukrenergo and RTE International for the introduction of the first Energy Storage System in Ukraine. On 31 January 2019, Ambassador Extraordinary and Plenipotentiary of the Republic of France to Ukraine Isabelle Dumont handed over an official letter on the grant allocation to CEO of Ukrenergo Vsevolod Kovalchuk. The grant amounts to 560 thousand euros.
Ukraine and France cooperate in this direction within the framework of the intergovernmental Memorandum of Cooperation with the French transmission system operator RTE (Réseau de Transport d’Électricité) and its subsidiary RTE International, signed in October 2018.
During the nearest half of the year, RTE International plans to develop the feasibility study and terms of reference for further works. During the second stage, the company will define the cost, create the model of the future storage system and develop a roadmap with a list of all measures required for the implementation of the joint project.
It is worth noting that this project will have a huge impact on the future development of the Ukrainian power sector and integration of the national power system into the power system of Continental Europe. Provision of the required volume of primary frequency regulation is one of pre-requisites for the integration of Ukraine into ENTSO-E. In addition, during the recent years, Ukraine has been witnessing an increase in the volumes of wind and solar energy generation. According to forecasts, the share of “green” energy in the energy balance will reach 25% by 2035. This requires the construction of additional balancing capacities, which must comply with European environmental requirements. Energy storage installations can resolve this task.
“We launched a very ambitious and innovative project, which confirms the potential and leadership of Ukrenergo in the field of electricity transmission and digitalisation in Ukraine, especially in view of our clear direction towards integration into ENTSO-E. RTE International will provide consulting services for the development of the Ukrainian power system in compliance with the best international standards. We will also involve leaders in the sphere of energy storage, namely French companies Saft, Blue solutions, Clean Horizon and Entech,” noted Nicolas Breham, CEO of RTE International.
“Ukrenergo undertook to implement the best world’s standards and practices for grid development and management. The launch of cooperation with RTE, which is a leader in the European market, and the implementation of a complex and innovative Energy Storage project mark a significant step towards our European integration and strengthening of the energy security of Ukraine,” stressed Vsevolod Kovalchuk, CEO of Ukrenergo.