# URIF Approves Ukrainian Energy and Critical Minerals Projects

On October 2, 2026, the U.S.–Ukraine Reconstruction Investment Fund (URIF) board approved investments in Ukrainian critical-mineral exploration, community-scale combined heat and power, and DTEK’s 200 MW/400 MWh battery-storage system across six sites. The approvals advance investment activity in Ukraine’s energy and minerals sectors, but no investment amounts or solicitation details were disclosed. Contractors and investors can review URIF’s online project-proposal process to assess potential participation in related projects.

- The approved activities cover early-stage mining focused initially on rare earths, beryllium, and zirconium; multi-site heat and power infrastructure; and battery storage.
- Energy developers, engineering firms, mining companies, and infrastructure investors may find opportunities to participate through project proposals or investment partnerships; the announcement does not identify specific procurements or deadlines.
- Businesses evaluating Ukraine market activity can use the proposal process to assess fit with critical-mineral development, community energy restoration, and grid-resilience projects.

**Jurisdictions:** international
**Industries:** Energy & Utilities, Construction & Infrastructure
**Topics:** Physical Infrastructure, Grants & Funding
**Published:** October 03, 2026

### Government Entities
- U.S. International Development Finance Corporation (DFC)
- U.S.–Ukraine Reconstruction Investment Fund (URIF)
- U.S. Department of the Treasury (Treasury)
- Office of the President of Ukraine

### Vendors
- DTEK (Project developer and operator)
- BGV Group Management (Joint investment platform participant)
- Sine Engineering (URIF investment recipient)

### Key Quotes
> These investments strengthen Ukraine's energy resilience, develop critical mineral resources, and support innovative Ukrainian companies. Together these projects are building the foundation for Ukraine's economic recovery and deepening the partnership between our countries
> — Ben Black, CEO of DFC

> URIF’s first investment in March demonstrated that it was open for business. Today’s board approval of additional investments in Ukraine’s critical minerals and energy sectors signals investor support for Ukraine’s recovery and future prosperity
> — Scott Bessent, Secretary of the Treasury

### Sources
- [URIF Approves Additional Investments and Partnerships in Energy and Critical Minerals | DFC](https://www.dfc.gov/media/press-releases/urif-approves-additional-investments-and-partnerships-energy-and-critical) - DFC