Sergii Shakalov, CEO of KNESS, participated in the forum "Energy of Business" by Forbes Ukraine

Sergii Shakalov, CEO of KNESS, participated in the forum “Energy of Business” by Forbes Ukraine

The discussion keynotes:

• Restoring the financial balance in the energy system and finding ways for military risk insurance are the conditions without which infrastructure investment will be impossible;
• Demonopolization of the energy market:  forming a free market and healthy competition is the key to building a qualitatively new energy system;
• Distributed generation and energy storage are the basis of the country’s energy independence.

“There is no need to wait until the war is over to start changing the energy system. We need to act now. All the disturbing issues raised at the forum arose a long time ago, and now martial law has only exacerbated them.

We need not just a vision of energy development. We need a global reconsideration of energy as a component of the country’s economy. Based on this vision, we need to jointly develop a practically implementable strategy with specific goals and criteria for its effectiveness. The key criteria should be competitive price and availability of electricity for consumers. The strategy should include specific clear steps, in particular, to address current energy market problems.

Having entered the international market, we realize how important it is to be competitive beyond the borders of one country. Ukraine needs to build its own reliable, energy-independent, and competitive energy sector. That is why we are planning to invest in wind and solar power generation and energy storage development. We see the future of Ukraine as free, decarbonized, and competitive,” stated Sergii Shakalov.