Research from Forbes
Forbes Ukraine investigated how artificial intelligence helps to improve the efficiency of energy and business. MODUS X CEO Dmytro Osyka told the publication about the results that have already had a real financial impact.
How does AI work on specific examples?
MODUS X AI solutions optimise key processes, reduce costs, and increase the reliability of energy infrastructure.
- AI-optimised coal transportation logistics saved DTEK UAH 25 million in 2024, with potential annual savings of up to UAH 100 million.
- Predicting breakdowns at thermal power plants helps avoid accidents that could cost tens of millions of hryvnias.
- An AI model for predicting electricity production for wind and solar power plants can save up to UAH 20 million a year.
"AI analyses transport conditions, road infrastructure, demand forecasts, coal stocks in warehouses, and selects the fastest and cheapest routes. The technology also allows us to plan repairs in advance and reduce the risk of accidents at production facilities," says Dmytro Osyka, CEO of MODUS X.
Expansion of foreign markets and further growth
In 2024, MODUS X demonstrated a 30% increase in revenue, reaching UAH 1.8 billion. The company is actively expanding its presence in foreign markets: it has already attracted 14 new customers in retail, finance, manufacturing, and energy.
This is not just scaling up, but an opportunity to gain new experience, test innovative approaches, expand the company's capabilities and create even more effective solutions for DTEK and other customers.
‘Separating into an independent unit has enabled Ms X to earn more by attracting other customers,’ says Osyka. ‘In particular, we are negotiating with a company similar in size to DTEK,’ adds Dmytro Osyka.
What's next?
MODUS X continues to develop AI, cybersecurity, and business automation by introducing innovative solutions.
