About the Research

The researchers analyzed 45 industry sources, including data from Ukrenergo, Ukraine’s Ministry of Energy, the World Bank, the European Commission, the International Energy Agency, KSE Institute, and DiXi Group.
The study examines changes in Ukraine’s energy sector before the full-scale Russian invasion and throughout 2022–2026. It covers the consequences of Russian attacks, the growth of distributed generation and energy storage systems, renewable and nuclear energy, and integration with the European energy market.
The authors also explore investment trends, regulatory changes, EnergyTech, and the shortage of engineering professionals.

Three Figures That Explain the Transformation

$75.3 billion — the estimated losses suffered by Ukraine’s energy sector. This figure includes both physical damage to infrastructure and the loss of the industry’s economic potential.
Approximately 2 GW of new distributed generation capacity in 18 months. Nearly 1 GW was added in 2024, followed by another 1 GW in the first half of 2025 alone. This means the pace of capacity additions roughly doubled. Businesses and communities are investing in their own generation facilities to reduce their dependence on the centralized power system.
Approximately 600 MW — the capacity of Ukraine’s energy storage market in 2026, compared with around 2 MW in 2024.

On-Site Generation: From Backup Solution to Business Asset

One of the study’s key findings concerns the changing role of on-site power generation.
Between 2022 and 2025, companies primarily invested in their own generation capacity to keep production running during power outages. It served as a safeguard against disruptions.
Today, these facilities can also generate revenue. In addition to meeting a company’s energy needs, they can participate in the electricity market and create an additional income stream.
This changes how businesses approach investment decisions. On-site generation projects should now be assessed against three criteria: how much they improve operational resilience, how financially efficient they are, and what potential returns they can deliver.

What Is Holding Back Growth?

The development of Ukraine’s new energy system faces three major constraints: access to financing, technology, and qualified professionals capable of delivering complex infrastructure projects.
The study specifically highlights the shortage of engineers as a challenge for the sector.
According to representatives of UGB Ukrgasbank, post-war reconstruction of the energy sector should follow three principles: resilience, economic viability, and technological modernization.

What Comes Next for Ukraine’s Energy Sector?

The research highlights how priorities across Ukraine’s energy industry are shifting. Alongside the reconstruction of damaged infrastructure, distributed generation, energy storage systems, and new technological solutions are becoming increasingly important.
For businesses, these changes create new management challenges, from evaluating investments in on-site power generation to selecting technologies, financing models, and partners for energy projects.
Read the full study, “Ukraine’s Energy Sector: Green Solutions, Recovery, and Investment,” here.