U.S. DFC Approves €85 Million Loan to Ukraine's DTEK for Battery Storage Expansion
The U.S. International Development Finance Corporation (DFC) has approved an €85 million loan ($97.5 million) to Ukrainian energy company DTEK, marking the largest investment in Ukraine’s energy sector by the agency since Russia’s invasion began in 2022. The funding will support the expansion of battery storage capacity, a critical need as Russian attacks continue to target Ukrainian infrastructure. DTEK CEO Maxim Timchenko emphasized that while financial backing is crucial, the symbolic message from DFC—that private investors should follow—carries greater significance for Ukraine’s energy resilience and international confidence. The loan was authorized by U.S. President Donald Trump under his recent empowerment of the DFC to proceed with such investments. DTEK has already launched six battery storage systems in Kyiv and eastern Ukraine, capable of storing 400 megawatt hours—enough for 600,000 households for two hours—with support from U.S. firm Fluence.
Topics: energy international_relations investment