Power One Wins the EBRD 2026 Sustainability and Impact Awards

Aimed at strengthening the Ukrainian energy system, the project was recognized by the jury as one of five award-winning initiatives globally. The ceremony took place on 5 June at the 35th EBRD Annual Meeting and Business Forum in Riga, Latvia. 
Power One is a large-scale energy initiative focused on building a diversified portfolio of distributed power generation assets across Ukraine. The project combines highly flexible gas-fired generation, battery energy storage systems, and renewable energy sources to enhance the resilience and reliability of the country’s energy infrastructure. 
In November 2025, Power One signed a €22.3 million loan agreement with the EBRD to support the development of 68 MW of decentralized generation capacity in western Ukraine. The project also received a €3 million investment grant from the EBRD Crisis Response Special Fund, supported by the Government of Norway. 
The initiative includes the construction and operation of modern gas-piston power plants and battery energy storage systems designed to provide flexible balancing capacity, improve grid stability during peak demand periods, and help reduce the frequency and duration of power outages. In the long run, the infrastructure will facilitate the integration of renewable energy sources and contribute to Ukraine’s energy transition.