Companies are continuing to plan large-scale energy investment in Ukraine despite the ongoing war, with Risen Energy and Ascania Energy signing agreements covering up to 200MWh of battery storage and 100MW of solar capacity.
The Chinese manufacturer and Ukrainian energy company signed two strategic memoranda of understanding covering the development of solar and utility-scale battery energy storage projects.
The companies said Ukraine needed new generating capacity, decentralised energy infrastructure and flexible resources to improve the reliability of its power system. Solar-plus-storage installations could support businesses during grid constraints, shift electricity use and help integrate renewable generation.
No project locations, construction timetable or investment figures were disclosed. The chemistry of the proposed battery systems was also not specified.
Yevhen Piatko, CEO and co-owner of Ascania Energy, said: “Ukraine needs not only to restore the energy infrastructure damaged by the war, but also to build a more decentralised, flexible and resilient energy system. Our advantage is that we work across the energy value chain – from engineering and construction to energy management, trading and direct supply to customers. Together with Risen Energy, we can connect proven technology with local implementation and bring it all the way to the energy actually consumed by Ukrainian businesses.”
Ascania to lead project development in Ukraine
Ascania Energy is expected to lead local project development, engineering, procurement and construction, system integration and servicing. Risen would supply photovoltaic modules, utility-scale energy storage systems and technical support.
The partnership will also cover product localisation, engineering training, after-sales support and the development of local technical capabilities for installing and maintaining the systems.
Jerry Qin, president for Europe at Risen Energy, said: “Risen Energy brings extensive expertise in solar, energy storage and global delivery, while Ascania Energy contributes strong local knowledge, project execution and professional services. By combining these strengths with Ukraine’s specific energy needs, we aim to deliver tailored solar-plus-storage solutions and create lasting value for the country’s energy transition.”
An Ascania Energy delegation visited Risen’s manufacturing facility in Ninghai, China, on 13 August. The discussions included Risen’s liquid-cooled eTron utility-scale energy storage systems, although the company did not confirm that the product had been selected for the Ukrainian projects.
Risen said it had delivered more than 10GWh of battery energy storage systems worldwide by the end of the second quarter of 2026. It has previously supplied photovoltaic modules to 12 solar projects in Ukraine, including the 323MW Pokrovskaya solar power plant.
Photo: Risen Energy and Ascania Energy partner on up to 100 MW Solar and 200 MWh energy storage in Ukraine
Credit: Risen Energy
