DTEK, Honeywell sign strategic partnership agreement at URC-24

MOSCOW. June 14 (Interfax) - DTEK CEO Maxim Timchenko and Honeywell President for Central and Eastern Europe Przemek Szuder signed a strategic cooperation memorandum at the Ukraine Recovery Conference in Berlin.

"The companies have agreed to consider opportunities for the accelerated restoration and maximization of DTEK capacities and the introduction of Honeywell's battery energy storage systems and advanced modular solutions for oil and gas refining," Ukrainian media said, citing the DTEK website.

The companies will also cooperate to support the DTEK long-term energy transition strategy by offering solutions for optimization and decarbonization of energy production.

Timchenko described broader cooperation with Honeywell as a new stage in Ukraine's recovery that will bolster its energy security and economic potential.

Szuder said, for his part, that Honeywell with a portfolio focused on three global megatrends - automation, energy transition and the future of aviation - is an innovator in delivering technologies that accelerate energy transition and automation.

According to DTEK, its cooperation with Honeywell started in May 2021, when Ukraine's first battery energy storage system (BESS) was commissioned in Energodar. Now Honeywell will help DTEK assess critical energy needs of Ukraine and recommend possibilities of implementing Honeywell BESS together with current DTEK systems.

BESS Honeywell offers a set of technologies for automation and management of energy storage and supply to a micro-grid or the national grid. This is a crucial solution for managing the distribution of electricity, including from renewable sources, DTEK said.