Feb 7, 2025
The UK has increased its financial support for the energy sector in Ukraine.
The UK government has declared an investment of £17 million ($21.25 million) to enhance Ukraine's energy resilience through low-carbon technologies.
This funding was announced during UK Foreign Secretary David Lammy's recent visit to Kyiv, the Ukrainian capital, and will support the second phase of the InnovateUkraine competition.
InnovateUkraine is a funding initiative intended to pilot low-carbon solutions that cater to Ukraine's energy needs.
The second phase of InnovateUkraine will encourage innovative collaborations between businesses from the UK, Ukraine, and other countries, as well as research institutions.
These partnerships aim to create scalable and sustainable energy innovations for the future.
Key areas of focus include intelligent green grids, renewable energy generation, and renewable heating technologies.
Additional points of interest encompass green fuels, low-carbon buildings and homes, industrial decarbonization, and the repurposing of existing energy infrastructure.
Applications for the second phase of InnovateUkraine will open in mid-March 2025.
After a selection process, successful projects will be implemented over a period of 24 months, beginning in late 2025.
The teams involved will benefit from an accelerator program aimed at helping them secure additional investments.
The first group of InnovateUkraine projects is already significantly impacting the lives of Ukrainians by providing reliable and innovative solutions for heating and powering buildings.
These projects are also motivating the upcoming generation of scientists and innovators in the area.
British Ambassador to Ukraine Martin Harris remarked: "I am proud that the UK is further increasing its funding to the Ukrainian energy sector. This latest contribution reinforces our commitments under the 100-year partnership, which was signed by the Prime Minister and President Zelenskyy in January.
"These initiatives, jointly led by British and Ukrainian businesses, universities, and civil society, will assist both our countries in developing clean and sustainable energy solutions for the future.
"InnovateUkraine exemplifies the forward-thinking partnership between our nations. The UK is standing shoulder-to-shoulder with Ukraine for the next century."
Among the significant projects is new battery storage technology that can be produced locally and has the potential to exceed current options.
There is also a technology for upcycling waste concrete, which can substantially lower the embodied emissions of new constructions.
Additionally, a new tool has been created to enhance the efficiency of geothermal energy production in Ukraine, making it a more attractive option for investment.
This funding was announced during UK Foreign Secretary David Lammy's recent visit to Kyiv, the Ukrainian capital, and will support the second phase of the InnovateUkraine competition.
InnovateUkraine is a funding initiative intended to pilot low-carbon solutions that cater to Ukraine's energy needs.
The second phase of InnovateUkraine will encourage innovative collaborations between businesses from the UK, Ukraine, and other countries, as well as research institutions.
These partnerships aim to create scalable and sustainable energy innovations for the future.
Key areas of focus include intelligent green grids, renewable energy generation, and renewable heating technologies.
Additional points of interest encompass green fuels, low-carbon buildings and homes, industrial decarbonization, and the repurposing of existing energy infrastructure.
Applications for the second phase of InnovateUkraine will open in mid-March 2025.
After a selection process, successful projects will be implemented over a period of 24 months, beginning in late 2025.
The teams involved will benefit from an accelerator program aimed at helping them secure additional investments.
The first group of InnovateUkraine projects is already significantly impacting the lives of Ukrainians by providing reliable and innovative solutions for heating and powering buildings.
These projects are also motivating the upcoming generation of scientists and innovators in the area.
British Ambassador to Ukraine Martin Harris remarked: "I am proud that the UK is further increasing its funding to the Ukrainian energy sector. This latest contribution reinforces our commitments under the 100-year partnership, which was signed by the Prime Minister and President Zelenskyy in January.
"These initiatives, jointly led by British and Ukrainian businesses, universities, and civil society, will assist both our countries in developing clean and sustainable energy solutions for the future.
"InnovateUkraine exemplifies the forward-thinking partnership between our nations. The UK is standing shoulder-to-shoulder with Ukraine for the next century."
Among the significant projects is new battery storage technology that can be produced locally and has the potential to exceed current options.
There is also a technology for upcycling waste concrete, which can substantially lower the embodied emissions of new constructions.
Additionally, a new tool has been created to enhance the efficiency of geothermal energy production in Ukraine, making it a more attractive option for investment.