Lithuania’s energy landscape is on the brink of a seismic shift, thanks to EPSO-G’s newly unveiled strategy that stretches all the way to 2035. This ambitious roadmap aims to enhance the nation’s energy independence, push forward decarbonisation efforts, and ultimately position Lithuania as a green energy powerhouse on the European stage. With a hefty investment plan of between 7 and 9 billion euros, EPSO-G is laying down the infrastructure needed for a climate-neutral energy system, which is no small feat.
At the core of this strategy is a commitment to sustainable growth and cross-sector partnerships. EPSO-G is not just talking the talk; it’s gearing up to synchronize with the Continental European Networks (CEN), upgrade existing electricity networks, and expand interconnections. The focus on innovative projects, including hydrogen and carbon dioxide networks, long-term energy storage, and renewable resource energy hubs, is particularly noteworthy. This isn’t just about keeping the lights on; it’s about creating a robust, flexible energy system that can adapt to the future.
Mindaugas Keizeris, the CEO of EPSO-G, puts it bluntly: “Developing renewable energy strengthens Lithuania’s energy independence, drives decarbonisation, and promotes long-term investment while reshaping our entire energy system.” This perspective is crucial as the country looks to not just meet its own energy needs but also export green energy to neighboring regions. The vision is clear: a transformative energy sector that accelerates electrification and integrates various sectors seamlessly.
However, the strategy goes beyond infrastructure and technology. EPSO-G recognizes the importance of human capital in this transition. Attracting and retaining top talent is a priority, as the energy sector evolves and demands new skills. Keizeris emphasizes this point, stating, “Our expertise, continuous development, and adaptability define our success.” The group is keen to cultivate a unified corporate culture that can adapt to the fast-paced changes in the energy landscape, making it an attractive employer for both local and international talent.
EPSO-G is also eyeing the broader Baltic Sea region for opportunities. By expanding its biomass, energy maintenance, and infrastructure construction activities, the group aims to maximize renewable energy potential. The introduction of high-power, ultra-fast chargers for heavy-duty transport is another exciting initiative that promises to accelerate the integration of renewable sources into the energy mix.
Financially, EPSO-G’s strategy is built on a solid foundation, leveraging a mix of equity, loans, and EU funding. This not only ensures the group’s financial health but also stimulates the Lithuanian economy by attracting investments and creating jobs. Keizeris succinctly encapsulates the multi-faceted benefits of this strategy, stating, “The objectives of our strategy not only ensure Lithuania’s energy independence and progress towards climate neutrality but also support regional growth, benefiting the state, residents, and businesses.”
With EPSO-G at the helm, Lithuania is poised to redefine its energy narrative. The group comprises several subsidiaries, including Amber Grid and Litgrid, all working under the auspices of the Ministry of Energy of Lithuania. As this strategy unfolds, it will undoubtedly set the stage for a new era of energy security and sustainability in the region. The ripple effects of these developments could reshape not just Lithuania’s energy sector but also have a broader impact on regional energy dynamics. As the country takes these bold steps, the world will be watching closely to see how it navigates this transformative journey.
