Successful bid price of VRFB energy storage project in Ukraine 2025

Through Prozorro tender, Riola-Module Ltd won with a bid of ~₴293 M (≈$7 M), under the ₴367 M estimate pravda.com.ua pravda.com.ua. Donor funds (e.g. Okhmatdyt charity, Buffett Foundation) co-finance the project, which repairs the main diagnostic building by end of 2025.
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Vanadium Redox Flow Battery (VRFB) VRFB is a rechargeable battery that is charged and discharged by means of the oxidation-reduction reaction of vanadium ions. Sumitomo Electric is a world pioneer in VRFB technology. With

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DTEK plans to invest €140m in Ukraine''s energy

The new project aims to strengthen Ukraine''s energy security and support the transition to a greener energy system. DTEK Group aims to commission the new storage systems by September 2025.

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