National Resources of Ukraine’s Post

Will GB Energy find a warm welcome in Aberdeen? GB Energy’s decision to establish its headquarters in Aberdeen aligns with the city’s long-standing role as a key hub for the energy sector in the North Sea. According to DNV’s Energy Transition Outlook Report, the UK is currently on track to miss all net zero targets set for 2050. Therefore, this government commitment through this investment vehicle is a positive step. We view the establishment of GB Energy here as a significant opportunity, with several key benefits: - The investment will accelerate the growth of the renewable energy industry, enhancing its current capabilities and expanding capacity across all energy vectors. - Selecting Aberdeen signifies the UK Government’s commitment to a “Just Transition,” which includes ongoing domestic oil and gas production while reducing environmental impacts in line with the Net Zero Technology Centre’s expectations. - Our existing supply chain is well-integrated with the broader European energy industry. We are all on the same transition journey and must continue to collaborate across borders to maximize progress. All studies, including DNV’s, indicate that it is currently not feasible to meet all energy demands within the forecast period. Therefore, we anticipate that GB Energy will aim to improve all aspects of the energy trilemma: sustainability, security, and affordability. I look forward to see how GB Energy rise to the challenge of breaking the Granite City's famously hard-faced exterior! 😁

Well done Mankuk Consulting & Services S.A.💪😃 It was a great pleasure to have been chairman and speaker of the Chile Energy Transition Summit 2024, an important event organized by The Net-Zero Circle for the first time in #Chile. So happy with the results and to have shared with so many industry leaders, who work hard and every day to decarbonize our planet. Not only does the future depend on green energy. Our present already uses it in abundance. We must take advantage of the benefits and strengths of renewable resources and build together with them a cleaner, more inclusive and fair world. Day 2 of the Chile Energy Transition Summit Chile boosts its leadership in the energy transition with a focus on green hydrogen and infrastructure optimization Santiago, November 6, 2024 – On the second and final day of the Chile Energy Transition Summit, prominent energy sector leaders and government officials met to delve into the challenges and opportunities of the energy transition in Chile. With a special emphasis on green hydrogen, energy optimization and infrastructure development, today's panels reflected the ambition to reduce dependence on fossil fuels and accelerate the use of renewable energy. Green Hydrogen Panel - Moderator: Grace Keller The panel on green hydrogen addressed the opportunities and challenges for Chile on the path to decarbonization. Dr. Marcelo Villagrán (Mankuk Consulting & Services S.A.) noted that the growth of the sector needs strong collaboration between the public and private sectors. “The challenge is not only to attract investments, but to do so without compromising environmental care efforts,” he said. Mario Marchese (Copenhagen Infrastructure Partners) emphasized the need for adequate regulations to support this emerging industry: “Chile has the recipe to combat climate change, but we need regulations that adapt to the speed of the green hydrogen market and keep Chile competitive.” Katherine Orozco (EDF) pointed out that one of the main obstacles to the growth of renewable energy is the lack of transmission infrastructure: “It is imperative to unlock transmission capacity to make the most of our renewable resources,” Orozco said. Marcos Kulka (H2 Chile) highlighted that hydrogen has infinite applications and that each project must be analyzed according to its context to maximize its impact on the market. “We must continue to push projects, maintaining a strategic vision in each application,” he concluded. Source: The Net-Zero Circle

Energy Independence of Europe: Challenges and Prospects Energy independence has become a key topic for Europe in light of recent geopolitical events and global changes in the energy sector. Issues of supply security, sustainable development, and the transition to renewable energy sources are becoming increasingly important for the countries of the European Union. The events of 2022 highlighted the need to revise Europe’s energy policy. Dependence on external energy supplies, especially natural gas, has threatened the region’s energy security. In response, European countries have been actively seeking alternative energy sources and suppliers. Strategies for Achieving Independence Diversification of Supplies: Europe is actively working on expanding the geography of energy supplies. The United States plays a significant role in this process, directing a substantial portion of its LNG exports to the European market. Development of Renewable Energy Sources: Increasing the share of renewable energy sources, such as solar and wind energy, is a key direction for achieving energy independence. This not only reduces dependence on imports but also helps to cut greenhouse gas emissions. Improving Energy Efficiency: Implementing energy-efficient technologies and modernizing infrastructure can reduce energy consumption and decrease dependence on external supplies. Future Prospects According to forecasts, by 2027, Europe will be able to significantly reduce its dependence on external energy supplies. This will be possible thanks to a comprehensive approach that includes diversification of supplies, development of renewable energy sources, and improving energy efficiency. Energy independence for Europe is not only a matter of security but also of sustainable development. Investments in renewable energy sources and energy-efficient technologies will help not only to strengthen energy security but also to create new jobs and stimulate economic growth. It is important to continue moving in this direction to ensure a stable and sustainable future for all countries in the region.

Zoom In! – Japanese-German Energy Transition Talks “Energy Security in Decarbonized Power Systems – Design, Grids, Storage and Backup Capacity”    🔎 “Zoom In! – Japanese-German Energy Transition Talks” is a series organized by the Japanese-German Energy Partnership Team on behalf of the Federal Ministry for Economic Affairs and Climate Action (BMWK). It focuses on current developments regarding the energy transition in both countries. Each session zooms in on a specific topic and offers decision-makers from policy, industry and research a platform for in-depth information and discussion on the current status, development and potential for different energy transition policies and technologies in Germany and Japan.    The seventh session will focus on measures to ensure a steady electricity supply in fully decarbonized power systems. With both Germany and Japan striving for carbon neutrality while maintaining a secure power supply to their industrial and private consumers, measures balancing out the intermittency of renewables increasingly come into focus. This session provides an overview of the current state of electricity supply security, technical possibilities for flexible power provision like storage systems, demand-side management and backup power plants and political initiatives support the needed systemic adjustments in Japan and Germany. Further, it allows listeners to direct their questions to the presenting experts from Germany and Japan. ♻️    Zoom in! - Japanese-German Energy Transition Talks:  📅 29.10.2024  🕘 10:00-11:00  💻 free of charge I digital    Participation is free of charge, but requires a registration here: https://lnkd.in/eRB3FWbX    👉Follow us on our @KaiKô channel so that you do not miss out on events and interesting articles related to Japan.

Brief summary of the second phase of the Polish Balancing Market reform:   ⚡Main Objective: Strengthen market mechanisms to incentivise participants to increase flexibility. Adjust energy production or consumption to current needs of the power system through appropriate price signals; ⚡Integration of Renewable Energy: Improvements will aid better integration of renewable energy sources and reduce the number of non-market curtailments of renewable generation; ⚡Real-Time Pricing: Enhanced by shortening settlement periods for balancing energy and imbalances from one hour to 15 minutes; ⚡Energy Pricing: Will include valuation of operational reserves and costs of maintaining stabilising sources; ⚡Participant Structure: Redefines participants as Balancing Service Providers and Balance Responsible Parties; ⚡Minimum Generation Capacity: Lowers the threshold for participation to entities with at least 0.2 MW generation capacity, down from 1 MW; ⚡Market Aggregation: Allows smaller market participants to combine into larger groups, increasing competitiveness; ⚡New Categories and Services: Introduces new object categories, Balancing Units and Graphic Units, and new balancing services (Frequency Maintenance Reserve, Frequency Restoration Reserve, and Replacement Reserve); ⚡Planning and Reporting: Updates the planning process for the national power system and reporting rules for market participants to the transmission system operator; ⚡European Integration: Establishes rules for Polish producers to participate in European platforms for balancing energy exchange from replacement reserves and imbalance compensation. Allowing Poland to engage in EU-wide energy balancing instruments. If you have any queries regarding the Balancing Market, feel free to contact Forte Renewables team.

Below are brief conclusions regarding the project of creating a cellular energy network on the territory of Dolyna territorial community of Ivano-Frankivsk region made by a group of energy experts. The presented project concept aligns well with the current objectives of Ukraine in the energy sector. The project could enhance decentralization and stabilize Ukraine's energy system amid ongoing attacks. Additionally, its focus on renewable energy and electricity storage aligns with the state's decarbonization strategy. Moreover, it could aid in developing energy independence for local communities as part of the state's agenda. The key factors determining the project's success include: 1. Securing funding for creating new decentralized electricity generation capacities transferable to the energy cooperative. Identifying potential financing sources and their terms beforehand is crucial. The project's overall viability hinges on this, as well as the ability to sell the electricity generated under specified conditions. Variations in the cost of generating and storing electricity may affect market prices. Optimizing transmission and distribution costs, especially if electricity generated by the cooperative is consumed within its accounting perimeter, can significantly boost economic efficiency. 2. Identifying a centralized project planning and implementation center is essential, capable of uniting various stakeholders (local and state authorities, international financial institutions, businesses) with expertise in project management and fundraising. Given the project's complexity and novelty in Ukraine, we suggest dividing it into stages, each with specific tasks and objectives. In the short term, the cooperative can aggregate local consumers' electricity needs and explore centralized procurement options. This approach has the potential to enhance fund efficiency by consolidating tenders and improving their quality. In the second, longer stage, the goal is to provide the community with its own electricity sources while reducing consumption through energy-efficient measures, ensuring the community's energy sustainability. In the third stage, the development of internal generating capacities should be leveraged as a means to generate additional revenue for the local budget. All statements above require thorough economic calculations prior to implementation. The initiative to create an energy-independent community, if successful, could serve as a model for replication in other regions. This could significantly contribute to restoring Ukraine's energy potential.

Governments supporting battery are fueling the transition💚🔋 Governments worldwide are rallying behind battery storage deployment, implementing targets, subsidies, and regulatory reforms to spur growth. Here's a snapshot: In the US, the Inflation Reduction Act offers a federal tax credit of up to 50% for storage projects, with nine states adopting storage targets totaling over 50 GW by 2040. China exceeded its 2025 target of 30 GW for energy storage, with regional plans aiming for nearly 80 GW by 2025. Wind and solar farms are required to pair with storage, driving capacity growth. India's National Framework mandates energy storage for renewables projects and waives inter-state transmission charges for battery storage projects for up to 12 years. Viability Gap Funding covers up to 40% of storage project costs. In the EU, member states target 45 GW of storage by 2030. Reforms in Sweden, Spain, Italy, and Germany eliminate double charging, while Greece and Italy offer long-term remuneration mechanisms. Japan aims for 24 GWh of behind-the-meter battery storage by 2030, recognizing its importance for energy strategy. Korea targets approximately 26 GW of energy storage by 2036, outlined in its 10th Basic Plan for Long-term Electricity Supply and Demand. Australia's Renewable Energy Agency doubled funding to support grid-scale lithium-ion battery projects, with plans to add 32 GW of new dispatchable capacity, including battery storage, by 2025. Read more: https://hubs.la/Q02x2k9C0

Half a Year of Green Energy: How “Berezan Solar” Supports Ukrainian Energetics ☀️ The ETG.UA team is pleased to announce that on August 1, it has been six months since the launch of our “Berezan Solar” Power Plant. The implementation of this project has become part of the program for the recovery of Ukraine's energy sector, which has suffered the most significant damage from the war. 🛠️ The construction of the solar power plant was completed in a record time of just three months. ⚡ “Berezan Solar” consists of 8 stations with a total capacity of 7.3 MW, generating 8,700 MWh of green energy annually. 🌱 The operation of "Berezan Solar" allows for a reduction in annual CO2 emissions by 5,195.4 tons. 🤝 The project was implemented in partnership with the Berezan City Council and co-financed by JSB “Ukrgasbank” within the framework of the state recovery program "Affordable Loans 5-7-9%." "ETG.UA is actively involved in restoring Ukraine's energy system and investing in the energy resilience of our country and businesses. Thanks to “Berezan Solar,” the city of Berezan and its agrarian, cement, and light industry enterprises are always supplied with green energy. In the current context of acute energy shortages, this option is especially relevant. It's also important to note that “Berezan Solar” is the first case in Ukraine's history where renewable energy, without the support of the green tariff, is supplied directly for the needs of the customer portfolio under the terms of a corporate PPA," – Volodymyr Shvedkyi, CEO of ETG.UA. We are rebuilding Ukraine's energy system on the principles of sustainable development 🇺🇦

Did you know that investments in energy transition have reached an all-time high in the past few years? The energy sector is a dynamic field that encompasses energy production, delivery, and consumption. How can expert networks be useful in the shift to cleaner types? Check out our article to learn more.

Germany is witnessing an unprecedented surge in solar energy expansion. In 2023 alone, the number of photovoltaic systems connected to the grid increased by 30%, reaching 3.4 million units, according to the Federal Statistical Office. ☀ However, this rapid growth has sparked concerns among grid operators and experts. Maik Render, head of regional supplier N-Ergie, warns, “If the expansion continues at this pace, the risk of unstable grid situations increases.” 📈 The core issue lies in the imbalance between production and consumption. An excess of electricity production can potentially lead to grid collapse, causing local power cuts. ⚡ Despite these challenges, expanding photovoltaic capacity is crucial for Germany's energy transition. The goal is to boost the share of renewable energy to reduce CO2 emissions. In the first half of 2024, renewables provided around 57% of Germany's electricity, with a target of at least 80% by 2030.💡 To address the grid stability issue, experts are increasingly advocating for large-scale battery storage systems. These systems can store excess electricity during peak production times, preventing grid overload. The stored energy can then be released back into the grid during low production periods, ensuring a balanced and stable energy supply. 🔋 source: https://lnkd.in/gqcN9-t5