The EBRD and the EU have invested over €2 million in the development of green innovations in Ukraine

The EBRD and the EU have invested over €2 million in the development of green innovations in Ukraine

Kyiv hosted the Final Award Ceremony of the "Climate Innovation Vouchers" grant project

Eleven Ukrainian companies have become winners of the fourth wave of the final phase of the Climate Innovation Vouchers project - Ukraine's largest grant competition for innovators in climate-friendly technologies, often referred to as the country's climate Oscars.

With the support of the European Bank for Reconstruction and Development (EBRD) and the European Union, these companies will receive a total of €384,241 to develop and implement green innovations.

The official award ceremony took place at Unit.City in Kyiv. This landmark event not only honored the winners but also presented the results of eight years of the Climate Innovation Vouchers in Ukraine, showcased leading grantees, and highlighted the project's contribution to the development of Ukrainian cleantech.

To celebrate the achievements, the event brought together ecosystem leaders, investors, donors, international partners, and government representatives.

The ceremony also featured a panel discussion, "Green Innovations Through War: How Ukraine Shapes Europe's Climate Future." Speakers included Hanna Zamazieieva, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine; Olena Pavlenko, President of the DiXi Group think tank; Anastasia Smyk, Co-founder and CEO of Input Soft; Ryan Grant Little, climate tech entrepreneur, investor, and host of the Another ClimateTech podcast; and Roman Zinchenko, Co-founder of NGO Greencubator and climate innovation expert.

Since the project's launch in 2017, more than 50 Ukrainian companies have received support from the EBRD and the EU under the Climate Innovation Vouchers, amounting to over €2 million.

Henrik Huitfeldt, Head of Section for Public Finance, Business Support and Social Policies of the EU Delegation to Ukraine:

"For me, the biggest achievement of Greencubator and the Climate Innovation Vouchers project is creating an arena for innovators where they can connect, share their experiences, and move them forward. I believe this has been the starting point for many exciting ideas and innovations that we saw awarded six or seven years ago, which are now flourishing and reaching markets in the EU and beyond.

In today's very difficult circumstances for Ukraine, it is especially important to showcase and build on these positive developments. We have seen what defence technologies and drones have done for Ukraine's image, and the Climate Innovation Vouchers can similarly highlight other innovations across broader sectors - ones that Ukrainians have the capacity to scale and spread far beyond Ukraine."

Winners of the final wave of the project's second phase, who will receive grants to further develop climate-friendly technologies, include:

1. Ma'Ryzhany Hemp Company LLC
   Cultivates hemp on 1,630 hectares and processes over 11,000 tons of stalks annually into natural fiber and hurds. Products are supplied to the textile, construction, nonwoven, and agricultural industries, both domestically and to EU markets.
   
2. ALC Striy Avto
   A Ukrainian manufacturer of electric vehicles and specialized platforms with over 15 years of full-cycle production experience. Its flagship product is the multifunctional Karpaty EN31 truck, adaptable to various needs and built with 80% Ukrainian-made components.
   
3. IPT Production LLC
   Specializes in eco-friendly chemical additives for road construction, particularly soil stabilization technologies. Its new locally sourced stabilizer reduces cement use and CO₂ emissions.
   
4. R.FLO LLC
   Develops iron-based flow batteries for long-duration energy storage. The technology is eco-friendly, affordable, free of critical raw materials, and capable of storing electricity for up to 20 hours - a key solution for renewable energy integration and grid balancing.
   
5. Alpha-Energo Scientific-Production Enterprise LLC
   Provides engineering solutions for chemical cleaning and energy efficiency restoration of thermal equipment. Its innovative CO₂-based reagent replaces aggressive chemicals, reduces corrosion, and enables cleaning without dismantling equipment.
   
6. Ventoxx LLC
   Has been producing decentralized ventilation systems with ceramic heat exchangers since 2016. With a heat recovery efficiency of up to 94%, the equipment meets European standards, including CE certification.
   
7. UDPR Hydrogen LLC
   Develops renewable hydrogen infrastructure, drawing on over 10 years of green energy experience, including solar (150 MW) and wind (800 MW) projects. In the Volyn region, 310 MW has been allocated for the first phase of a 500 MW electrolyzer-based hydrogen plant.
   
8. ETPC Energodesign LLC
   Founded in 2011, specializes in bioenergy systems. Designs and manufactures modular hot water and steam boilers fueled by agricultural residues.
   
9. Carbonex Ukraine LLC
   Helps agricultural producers access carbon credits by implementing sustainable practices, conducting farm audits, assessing CO₂ reduction potential, preparing project documentation, and supporting validation and verification under international standards (Verra VCS).
   
10. Hydrogen Ukraine LLC
    Focuses on renewable hydrogen and its derivatives, including green ammonia and methanol. The company is developing a SaaS platform for hydrogen traceability using blockchain and digital twin technology.
    
11. The First Hemp Corporation LLC
    Revives Ukraine's industrial hemp sector. Built the country's first modern hemp processing plant and is developing a dual-level harvester for tall hemp varieties.

About the Climate Innovation Vouchers Project

The Climate Innovation Vouchers grant competition is part of the EBRD's Finance and Technology Transfer Centre for Climate Change (FINTECC) program, supported by the EU under the EU4CLIMATE initiative. In Ukraine, the program has been implemented since 2017 by NGO Greencubator.

The competition supports Ukrainian SMEs that reduce greenhouse gas emissions, improve energy efficiency, and help mitigate climate change. Winners can use vouchers to develop and implement green innovations at various stages - from intellectual property protection and prototype design to product certification and production planning. Grants of up to €50,000 cover 75% of eligible service costs.

In 2024, the Climate Innovation Vouchers became Ukraine's national winner of the European Enterprise Promotion Awards for its contribution to entrepreneurship development and received European-level recognition in the "Supporting the Sustainable Transition" category.

The vouchers have helped create key technologies at the heart of many Ukrainian green innovations. Among them are TOKA, GO TO-U, Ecofactor (leaders in e-mobility solutions); S.Lab (eco-friendly packaging producer); Frendt (precision farming solutions); Releaf Paper (paper from fallen leaves); and The Good Plastic Company (innovative recycled plastic design panels).

Since its launch in 2017, the Climate Innovation Vouchers project has become the largest grant competition for green innovations in Ukraine: more than 50 companies have received support worth over €2 million. In the final wave of the second phase, 11 more innovators will share grants to scale climate-friendly technologies.

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