DTEK receives $97.5 million U.S. loan for battery storage

The U.S. International Development Finance Corporation (DFC) has approved a €85 million ($97.5 million) loan to DTEK, Ukraine's largest private energy company, for battery storage expansion. This is the DFC's largest commitment to Ukraine's energy sector since Russia's invasion in 2022, and DTEK CEO Maxim Timchenko highlighted that the loan sends an important signal that the DFC is prepared to back Ukraine and DTEK.

The loan will allow DTEK to allocate additional funds toward battery storage and other projects, and DFC CEO Ben Black stated that the projects will support billions in American exports, secure critical infrastructure and resources in Ukraine, Jordan, Central Asia, and across Africa, and strengthen U.S. companies competing in important global markets.

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