COVER ENERGY PLUS

What COVER ENERGY PLUS does

Cover Energy Plus is a Ukrainian energy services company founded in 2017 and headquartered in Lviv, operating as a project-based EPC provider across the full project lifecycle — from design and engineering through installation and ongoing technical maintenance. The company serves industrial enterprises, commercial businesses, and power grid operators/DSOs throughout Ukraine, addressing demand for energy independence, modernization of pre-1990s electrical substations, and integration of renewable generation. Its core service lines are cogeneration, engineering, design, electrical works (up to 750kV), renewable energy (solar power plants with green tariff registration), battery energy storage systems (BESS) spanning lithium-ion, lead-acid, lead-carbon, and sodium-sulfur chemistries, multichannel HDPE cable systems, and substation reconstruction.

The company's technology stack combines proprietary installation methods — notably multichannel HDPE cable blocks enabling up to 18 cables in a 1-meter trench versus standard 2-2.5 meter dual-trench installation — with a strategic technology partnership with Networked Energy Services Corporation (NES, San Jose) for OSGP-based Advanced Metering Infrastructure, smart meters, data concentrators, Head End System (HES), and Grid Watch cybersecurity with >99% reliability. Since 2017, Cover Energy Plus has completed over 100 large-scale projects in power transmission, distribution, and renewable energy across Ukraine.

Commercially, Cover Energy Plus operates a direct enterprise field sales motion with no intermediaries, engaging clients via phone, email, online inquiry forms, and participation in industry conferences and trade missions. Revenue streams are project-based professional services (EPC and design) supplemented by recurring technical maintenance contracts on installed systems. The company is a privately held Ukrainian limited liability company (ТзОВ) with no disclosed parent, institutional investors, or public funding rounds, and is led by Managing Director Yuri Doman. The firm is a member of the International Energy Cluster (IEC) and has engaged in international outreach via Fornybar Norge 2025 (Oslo) and the Rebuild Ukraine Delegation to Taiwan (2025).

Name

COVER ENERGY PLUS

Legal name

ТзОВ «Кавер Енергія Плюс»

Website

https://coverenergyplus.com.ua

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Cover Energy Plus is a Ukrainian EPC services firm founded in 2017, providing full-lifecycle design, installation, and maintenance for traditional and renewable energy projects — including cogeneration, solar, BESS, substations up to 750kV, and smart grid/AMI — to industrial enterprises and utility operators across Ukraine.

Ownership category

akta.pro rank

Product category

Energy Infrastructure Engineering and Construction Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Utility-Scale BESS EPC & Integration (EUAEAEAA), Commercial & Industrial (C&I) BESS EPC & Integration (EUAEAEAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Network Upgrades & Capacity Additions (Reconductoring, Rebalancing, Voltage Optimization) (EUAEACAN)

Keywords

• Energy infrastructure services
• Renewable energy construction
• Solar power plant installation
• Battery energy storage systems
• Electrical engineering services

Headquarters

HQ city

Lviv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Engineering, Procurement, and Construction (EPC) Services: Cover Energy Plus provides comprehensive EPC services for energy projects including cogeneration, solar power plants, electrical works, and BESS installation. Revenue is generated through project-based professional services, from initial design through to installation and commissioning. Services span the full project lifecycle covering design, construction, and ongoing technical maintenance.
2. Energy Infrastructure Design Services: Specialized engineering and design services for power transmission lines, substations, cable systems, and renewable energy installations. Design services are offered as standalone consulting engagements or as part of full project delivery.
3. Technical Maintenance and Servicing: Ongoing technical maintenance services for installed energy systems including substations, solar power plants, and electrical infrastructure, providing recurring revenue from existing project installations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Cover Energy Plus provides full-project Engineering, Procurement, and Construction (EPC) services for traditional and renewable energy infrastructure throughout Ukraine. The company delivers integrated offerings across six service lines — cogeneration, engineering, design, electrical works up to 750kV, renewable energy (solar power plants), and Battery Energy Storage Systems (BESS) — with additional specialization in multichannel HDPE cable systems and substation reconstruction. Each project is supported from initial design through installation and commissioning, with ongoing technical maintenance generating recurring revenue.

Product overview

Cover Energy Plus provides a full range of services in traditional and renewable energy, operating as a project services company rather than a software product vendor. The core offering consists of six integrated service lines: Cogeneration (combined heat and power), Engineering, Design, Electrical Works (up to 750kV), Renewable Energy (including solar power plants with green tariff registration), and Energy Storage Systems BESS (battery storage with inverters and automation). Additional specialized services include multichannel cable systems installation and substation reconstruction. The company operates throughout Ukraine, providing complete project support from design through installation to maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• Cogeneration (Когенерація) Combined heat and power (cogeneration) services that produce electricity and useful thermal energy from the same fuel source, providing efficient, energy-independent power and heat for industrial and commercial clients in Ukraine.
• Engineering (Інжиніринг) Comprehensive engineering services for energy projects of any complexity level, supporting industrial, commercial, and utility clients across Ukraine with execution of traditional and renewable energy infrastructure projects.
• Design (Проектування) Design and documentation support services covering power transmission lines, substations, cable systems, and renewable energy installations, offered either as standalone consulting engagements or as part of full project delivery.
• Electrical Works (Електромонтажні роботи) Electrical installation services for power transmission lines and substations, including work at voltage levels up to 750kV, delivered as part of Cover Energy Plus's full-lifecycle EPC capability.
• Renewable Energy (Альтернативна енергетика) — Solar Power Plants Renewable energy solutions centered on solar power plants, covering the full lifecycle from project design through construction and the completion of "green tariff" (feed-in tariff) registration for clients in Ukraine.
• Energy Storage System BESS (Системи накопичення енергії BESS) Battery Energy Storage System (BESS) solutions comprising lithium-ion, lead-acid, lead-carbon, and sodium-sulfur batteries with inverters and power conversion systems, providing bidirectional energy flow between DC battery storage and AC grid for local and centralized energy management.
• Multichannel Cable Systems (Мультиканали) Installation of High-Density Polyethylene (HDPE) multichannel cable systems with 4, 6, or 9 channels per block, supporting loads up to 15 tonnes per meter and flexible routing for turns from 3°, elevation changes, and lateral branches in trenches, bridges, railways, and tunnels.
• Substation Reconstruction (Реконструкція підстанцій) Substation modernization and reconstruction services up to 750kV, including replacement of power equipment, control and automation systems, and integration of substations with renewable generation sources.

Quantifiable outcome

• Over 100 large-scale projects completed in power transmission, distribution networks, and renewable energy across Ukraine since 2017.
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Taipei Trade CenterminorGTM or Marketing Partner · 1 January 2025The Taipei Trade Center in Kyiv organized the Rebuild Ukraine Delegation business mission to Taiwan in June 2025, involving 20 companies from Lviv. Cover Energy Plus was invited to participate as a representative of the energy sector. In May 2025, Mr. Hsieh Ho-Kun, Director of the Taipei Trade Center, visited Cover Energy Plus to discuss the company's activities and potential cooperation points with Taiwanese partners. The mission aims to establish strategic contacts, open new markets, and strengthen economic ties between Ukraine and Taiwan in energy, infrastructure, and high-tech sectors.
• Fornybar NorgeminorGTM or Marketing Partner · 1 January 2025Fornybar Norge is a Norwegian renewable energy industry organization that hosts an annual conference. Cover Energy Plus representatives attended the Fornybar Norge Annual Conference 2025 held in Oslo on April 29-30, 2025. The conference brought together key players in the renewable energy sector, policymakers, and experts to discuss energy security challenges in the context of geopolitical instability and Ukraine's recovery. The partnership enables Cover Energy Plus to learn from European best practices, establish connections with leading European companies, and explore opportunities for international cooperation.
• International Energy Cluster (IEC / МЕК)coreStrategic or Co-development Partner · 1 January 2024Cover Energy Plus joined the International Energy Cluster (IEC) in 2024. The IEC is a community of leading enterprises in the electricity sector founded in 2018 in Kyiv, uniting companies and research institutions in electricity, renewable energy, cybersecurity, telecommunications, and related industries. Cluster participants engage in production of metal structures, design and construction of power transmission lines and substations, development of advanced technological solutions, and training of qualified specialists. IEC membership provides Cover Energy Plus access to innovative solutions, collaboration with leading energy companies in Ukraine and Europe, and support for integration into the international market.
• Networked Energy Services Corporation (NES)coreTechnology or Integration · 15 June 2021NES, an international leader in smart grid technology headquartered in San Jose, California, partnered with Cover Energy Plus in June 2021 for the deployment of intelligent solutions for Ukraine's electrical grids. NES brings its AMI (Advanced Metering Infrastructure) technology based on the Open Smart Grid Protocol (OSGP), with proven reliability exceeding 99% and Grid Watch cybersecurity threat detection capabilities. Cover Energy Plus is responsible for the installation, maintenance, and servicing of NES solutions including smart meters, data concentrators, HES (Head End System), operations, technical maintenance, analytics, optimization, and cybersecurity programs. This partnership positions Cover Energy Plus as a key driver of Ukraine's smart grid transition.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Siemens Energy: Global incumbent in substation construction, grid technology, and BESS integration. Overlaps with Cover Energy Plus's high-voltage substation reconstruction and BESS EPC capabilities.
• Schneider Electric: Broad energy management and grid solutions provider. Comparable on electrical infrastructure, smart grid, and distribution-level solutions that overlap with Cover Energy Plus's offerings.
• Itron: Global smart metering and AMI provider. Competes with the NES/OSGP-based AMI solution that Cover Energy Plus distributes and integrates in Ukraine.
• Fluence Energy: Global BESS integrator and energy storage technology provider. Competitor in the C&I and utility-scale BESS integration space where Cover Energy Plus also operates.
• DTEK: Ukraine's largest private energy company covering generation, distribution, and renewables. Competes with Cover Energy Plus as a fully integrated utility-scale operator both as a customer (grid side) and as a competitor for renewable EPC bids.

Regional players

• Rengy Development: Renewable energy developer and EPC active in Ukraine and Eastern Europe. Compares on solar and renewable energy EPC services, with regional overlap in the Ukrainian market.

Direct peers

• Eco-Optima: Ukrainian solar power plant developer and EPC. Comparable to Cover Energy Plus's renewable energy service line, including green-tariff registration and C&I solar.
• TIKO Energy: Ukrainian distributed energy and BESS/renewable EPC provider focused on industrial and commercial customers. Most directly comparable peer to Cover Energy Plus on C&I energy independence and BESS projects.
• KNESS Group: Ukrainian BESS and solar EPC integrator with energy storage as a core offering. Directly comparable to Cover Energy Plus on BESS integration, solar EPC, and industrial energy-independence solutions in Ukraine.

Others

• Networked Energy Services Corporation (NES): OSGP-based AMI technology partner and provider. While primarily a partner rather than competitor, NES could in principle serve Ukrainian utilities directly, making it a strategic participant in the same smart grid value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/coverenergyplus
• LinkedInlinkedin.com/company/cover-energy-plus
• Instagraminstagram.com/cover_energy_plus

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about COVER ENERGY PLUS