EPSO-G Unveils Strategic Plan for Green Energy Exportation and Energy Independence in Lithuania
Key Ideas
- EPSO-G's strategy aims to invest 7-9 billion euros by 2035 in building infrastructure to support Lithuania's transition to a climate-neutral energy system.
- The group plans to focus on strengthening energy security, promoting renewable energy, and developing innovative projects like hydrogen and carbon dioxide networks.
- EPSO-G seeks to attract top talent locally and internationally, foster a unified corporate culture, and expand activities in the biomass and energy maintenance sectors.
- Capital investments will prioritize electricity transmission infrastructure, hydrogen networks, and renewable energy integration to benefit the Lithuanian economy and drive economic growth.
EPSO-G, Lithuania’s energy transmission and exchange group, has revealed an ambitious strategic plan extending to 2035 to enhance Lithuanian energy independence, advance decarbonisation, and position the country as a green energy exporter. The plan focuses on sustainable growth, cross-sector partnerships, and investing 7-9 billion euros in infrastructure to support Lithuania's shift to a climate-neutral energy system. EPSO-G aims to synchronize with Continental European Networks, expand interconnections, and develop projects including hydrogen networks and long-term energy storage to reshape the energy system. The strategy emphasizes national energy security, talent cultivation, and corporate culture to adapt to industry demands. By attracting top talent, expanding renewable energy activities, and developing high-power chargers for heavy-duty transport, EPSO-G aims to maximize renewable energy potential in the Baltic Sea region. Capital investments will strengthen electricity transmission infrastructure, optimize gas transmission, and establish new hydrogen and carbon dioxide networks supported by a mix of equity, loans, and EU funding. The strategic plan is projected to enhance Lithuania's energy independence, drive economic growth, attract investments, and promote regional competitiveness, ultimately benefitting the state, residents, and businesses.
Topics
Investing
Renewable Energy
Decarbonisation
Infrastructure Development
Economic Growth
Energy Independence
Capital Investments
Talent Cultivation
Regional Energy Security
Latest News