The European Bank for Reconstruction and Development (EBRD) is supporting Ukraine 's energy security by lending €22. 3 million to private Ukrainian energy company Power One for the financing of new peaking generation capacity and battery energy storage systems (BESS). The EU has the expertise, the ability and the will to help make that happen. Ukraine's energy systems have suffered significant damage since the full-scale invasion of 2022. Image: Karollyne Videira Hubert, Unsplash The IEA has proposed. .