PowerUkraine develops and consolidates power generation across Ukraine. Active today, through the war, positioned for the recovery to come.
Ukraine's dispatchable generating capacity has fallen from 26.2 GW before the war to roughly 10.8 GW today. National planning identifies a reconstruction need of 17.7 GW by 2032, including 1.4 GW of new gas-fired combined heat and power required by 2030.
The revenue framework is now in place. A 2026 government resolution established a euro-indexed peak-hour capacity premium, giving dispatchable assets a multi-year contracted revenue floor. At the same time, the European Union's phaseout of Russian gas is repricing Ukraine's 31 billion cubic meters of underground storage into a strategic European reserve, and domestic gas production is set to recover toward pre-war levels.
A further demand layer is forming above all of this. AI and sovereign-cloud growth, new fiber routes, and Black Sea subsea capacity are creating data-center demand adjacent to the same sites where new generation is being built.
PowerUkraine is a development platform. PowerKyiv, its US-domiciled development company, originates and structures projects, brings them to financial close, and builds them through specialized partners rather than a large internal organization.
The strategy is consolidation. Ukraine's distributed generation market is fragmented, with no entrenched incumbent. PowerUkraine assembles and standardizes assets across that market, removes duplicated cost, and builds the scale that institutional capital requires.
Value is created in stages. Projects are developed to the point of value inflection and stakes are sold down: to private equity sponsors now, and to infrastructure and pension capital as Ukraine moves toward peacetime. The build-lease-transfer structure used on the flagship asset is the template.
Combined heat and power and distributed gas-engine generation. The capacity Ukraine can dispatch on demand, and the foundation of a stable grid.
Grid-scale storage for stability, and for the renewable integration the European market will require.
Generation and storage positioned to support Ukraine's integration with the European grid.
As the platform scales, its generation base creates the option to supply large-scale data-center demand. Optionality, not the core of the case today.
PowerUkraine is already in development on anchor assets, with signed counterparty agreements and reserved equipment. Together with the wider pipeline, the platform controls or has optioned approximately 3.8 GW across a west-to-east arc of Ukraine.
The platform's anchor and the template for its model: a long-term municipal lease, a sovereign-relevant off-taker, and a structure designed for international project finance.
The Naftogaz partnership extends across multiple cities and is the keystone of the wider portfolio.
PowerUkraine develops through established partners rather than a large internal team, from sovereign counterparties to tier-one equipment makers and international project finance.
The case rests on convergence. A market with explicit policy support and a contracted revenue floor. A fragmented competitor landscape with no entrenched incumbent. A constrained equipment supply chain in which PowerUkraine already holds reserved turbine and engine allocations. A keystone partnership with sovereign-backed Naftogaz. And a data-center demand layer that is only beginning to be priced in.
Being active during the war, with signed agreements and reserved equipment, is the position that becomes difficult to replicate once the recovery is visible to everyone.
PowerUkraine is led by US and Ukrainian founders with experience across energy, infrastructure development, and data centers, building toward institutional governance and public-company readiness.
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