Ignitis group

The story of Ignitis Group is a narrative of transformation, deeply intertwined with the energy landscape of Lithuania and the broader Baltic region. Its origins can be traced back to the establishment of the state-owned enterprise Lietuvos Energija in 1991, following Lithuania's regained independence. For years, this entity was the cornerstone of the nation's power system, managing crucial infrastructure and ensuring the supply of electricity. The journey towards the modern Ignitis Group began to take shape with the strategic consolidation of the Lithuanian energy sector. In 2008, a holding company structure was established, laying the groundwork for a more integrated and efficient energy system. This period was marked by significant developments, including the acquisition of key assets like the Elektrėnai Power Plant, the Kruonis Pumped Storage Plant, and the Kaunas Hydroelectric Power Plant, which are vital for the country's energy security.

A pivotal moment in the company's evolution came in 2019 when Lietuvos Energija was rebranded as Ignitis Group, a name change that signaled a profound shift in its strategic direction. This wasn't merely a cosmetic alteration; it represented a deep-seated commitment to a new purpose: creating a 100% green and secure energy ecosystem for current and future generations. This ambition propelled the Group to the forefront of the renewable energy transition in the Baltics. Embracing this new identity, Ignitis Group has been aggressively expanding its green generation portfolio, with a strong focus on onshore and offshore wind, solar energy, and innovative solutions like battery storage and power-to-X technologies. The company's international presence has also grown, with operations extending to Latvia, Estonia, Poland, and Finland. The initial public offering in 2020 was a landmark achievement, providing the financial impetus to accelerate its green ambitions and solidifying its position as a leading, renewables-focused integrated utility in the region, dedicated to driving the decarbonization journey and ensuring a sustainable energy future.