Powering Ukraine: DTEK and Octopus Energy Group launch RISE initiative to boost energy resilience

• RISE targets €100 million funding to power 100 commercial solar and battery projects across Ukraine
• Projects will combine DTEK’s delivery capacity with Octopus Energy’s technology to enable customers to optimise energy use and sell surplus electricity back to the grid
• Aims to stabilise the grid, lower electricity costs and protect customers against outages and price hikes

London, 23rd June 2025 – DTEK, Ukraine’s largest private energy company, and Octopus Energy Group, the global clean energy tech business, have announced RISE – a new initiative to deliver rooftop solar and battery storage systems to Ukrainian businesses and public sector institutions.

Announced at the Octopus’ Energy Tech Summit in London, the partnership brings together DTEK’s on-the-ground expertise and experience with Octopus Energy Group’s AI-powered operating system, Kraken, to strengthen energy resilience.

RISE, which stands for Resilient Independent Solar Energy, is the first programme of its kind in Ukraine. It aims to raise €100 million to finance 100 on-site energy projects over the next three years. This initiative will help stabilise the grid, lower electricity costs for customers and protect them against outages and price hikes.

The solar and battery systems will be installed directly on customer premises by D.Solutions, DTEK’s business specialising in consumer energy supply and energy efficiency services, under its retail brand, YASNO.

The systems will use the Kraken operating system, enabling businesses to optimise and manage their energy use in real time, reduce consumption during peak hours, and sell surplus electricity back to the grid, boosting resilience and savings.

Maxim Timchenko, DTEK CEO, said: “About 70% of Ukraine’s thermal generation capacity has been damaged, destroyed or seized since the full-scale invasion. This has created not only an urgent need to rebuild but also an opportunity to accelerate the shift to a decentralised, renewable energy system. 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.”

Greg Jackson, Founder and CEO of Octopus Energy Group, said: “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.”

Ukraine’s commercial and industrial (C&I) behind-the-meter (BTM) energy market remains largely untapped, with an estimated annual potential of 300 MW, valued at approximately €200 million. YASNO currently serves more than 60,000 C&I customers and has the capacity to generate a project pipeline worth around €30 million per year in this market.

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Notes to Editors:

Maxim Timchenko, CEO of DTEK, and Greg Jackson, CEO and Founder of Octopus Energy announcing the launch of RISE at the Octopus Energy Tech Summit

Maxim Timchenko, CEO of DTEK, Greg Jackson, CEO and Founder of Octopus Energy, and Michael Shanks MP, Minister for Energy, at the Octopus Energy Tech Summit

Maxim Timchenko, CEO of DTEK, Greg Jackson, CEO and Founder of Octopus Energy, and Michael Shanks MP, Minister for Energy, at the Octopus Energy Tech Summit

Press contacts

DTEK

Santi Dharmawan | dharmawans@dtek.com | +44(0) 7350 455 262

Octopus Energy

press@octoenergy.com | +44 (0)20 4530 8369

About DTEK

DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion of capital invested since 2005.

Our businesses generate electricity at wind, solar and thermal power plants; distribute and supply power to end consumers; extract natural gas and coal; trade energy resources on Ukrainian and foreign markets; and provide domestic and commercial energy services.

Over the last 20 years, DTEK has grown into a national energy leader and is today transforming into a pan-European clean energy business.

Since the full-scale invasion of Ukraine in 2022, DTEK Group has restored power to more than 17 million consumers in regions affected by hostilities.

DTEK Group is 100% owned by SCM Holdings. The ultimate beneficiary and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.

Find us at:

• dtek.com
• LinkedIn
• X
• Youtube

About D.Solutions
D.Solutions is an operational holding company within DTEK Group. Under the YASNO brand, it develops businesses in electricity and gas supply, energy efficiency, and e-mobility solutions, helping customers reduce their energy costs.

About Octopus Energy Group
Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to over 9 million households globally. Its operations span 32 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 60 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide.

For more information, check out our website.