Trump's Energy Department is spending $2 billion to squeeze more power from the aging U.S. grid
The SPARK initiative will fund 31 projects across 26 states, adding more than 23 gigawatts of electricity capacity
Ukraine aims to raise over EUR 400 million for its Energy Support Fund by the end of 2026, according to the Ukrainian Energy Ministry. This funding goal was emphasized during a high-level event held during the 81st session of the UN General Assembly, where First Deputy Prime Minister and Minister of Energy Denys Shmyhal addressed the issue.
Shmyhal highlighted that Russian attacks have damaged 1,613 energy facilities, resulting in the loss of 9 GW of generating capacity last winter. While Ukraine's primary focus is on restoring damaged infrastructure, the minister stressed the importance of building an energy system that ensures security and stability for decades to come.
The Ukraine Energy Support Fund is identified as a crucial instrument of international assistance to the country's energy sector. Shmyhal specifically invited private companies and energy partners to become more actively involved in the recovery efforts of Ukraine's energy infrastructure. Earlier statements from Shmyhal indicated that Russia has prepared a comprehensive plan for strikes targeting Ukraine's power generation, heating, and water supply and wastewater treatment systems during the upcoming winter.
Written by urgent.news from Ukrinform - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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