Kaunas hydropower plant battery
Energy

Lietuvos Energijos Gamyba initiates a unique pilot project in the Baltics – a battery energy storage system in the Kaunas hydropower plant

Lithuanian state-owned enterprise Lietuvos Energijos Gamyba, a part of Lietuvos Energija Group, has started preparations for 1 megawatt energy storage system installation in Kaunas Algirdas Brazauskas hydropower plant. Operating in synergy with the plant, the new storage system would become the first and the biggest innovation of this kind in the Baltic States, a press release from the group states. […]

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Energy

The biggest Lithuanian energy company expands in Poland

The Lithuanian state capital energy company group Lietuvos Energija moves forward with implementation group strategy LE 2030 by becoming prominent market player in Poland during the next two years. The group made strategic decision a step further and appointed a Regional manager for Poland in October. This position will be held by Ms. Diana Kazakevič, previously Director of the Business Development Department of one of the group’s companies Energijos Tiekimas, a press release from Lietuvos Energija states. […]

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Economy

Smart Energy Fund Invests EUR 250 Thousand into Lithuanian PVcase

Smart Energy Fund powered by Lietuvos Energija, managed by Contrarian Ventures invests EUR 250 thousand into the Lithuanian PVcase that will automate the designing of solar power plants. It is expected that the technology developed by the start-up will enable to significantly shorten up some designing stages of solar power plants and this way reduce designing expenses even more, a press release from Lietuvos Energija states. […]

Economy

Lithuanians have an idea how to reduce crypto mining costs

During the largest non-profit ICT and entrepreneurship event in the Baltic States #SWITCH held in Vilnius, winners of the Smart Energy Hackathon organized by Lietuvos Energija, the energy companies group of Lithuania, were elected. The main prize, EUR 1,500 in the selected cryptocurrency, was awarded to the team that created a platform prototype which is intended for cryptocurrency mining based on the sharing principle. The suggested platform model in each case would enable to find the most suitable place in the world to install computer equipment and to organize cryptocurrency mining for the lowest energy price on that date, a press release from Lietuvos Energija reads. […]

Nerijus Rasburskis
CORPORATE

A riddle for our time: who are the grey cardinals? Part Three

The Nerijus Rasburskis and Lietuvos Energija version DELFI has repeatedly tried to contact Mr. Nerijus Rasburskis through Lietuvos Energija, but have invariably received a negative response and request to put any questions in writing to […]

Danpower bureau in Germany
Energy

I had no info on Lietuvos Energija project corruption – ex-Energy Minister

Lithuania’s former Energy Minister Rokas Masiulis refrains from commenting on the prime minister’s recent critical statements on state-run energy company Lietuvos Energija‘s (Lithuanian Energy) cogeneration plant projects in Vilnius and Kaunas. […]