About the Group
AB “Ignitis grupė” is our parent company responsible for transparent and effective management and coordination of the Group companies while pursuing common strategic goals.
The parent company
The parent company analyses the activities of the Group companies, represents the whole Group, implements its shareholder’s rights and obligations, defines operation guidelines and rules, and coordinates the activities in the fields of finance, law, strategy and development, human resources, risk management, audit, technology, communication, etc. Companies owned by Ignitis Group.
Ignitis Group is the largest public company in the Baltic states. It is listed on Nasdaq Vilnius and London Stock Exchange.
Key facts
In 2020, Ignitis Group completed the largest initial public offering (IPO) in the Baltic states and successfully secured EUR 450 million. Investors can acquire the company’s shares on Nasdaq Vilnius and London Stock Exchange.
The Group comprises more than 50 companies operating in the Baltic states, Poland and Finland. The activities of the Group include green electricity generation and development of green and flexible technologies, energy distribution and supply, development of energy-smart solutions and other related activities. More details here.
Ignitis Group has an operating innovation hub since 2018, which brings external and internal initiatives of the Group together, thus, facilitating the development of technologies and implementation of innovative ideas. We provide an opportunity for other companies to use and share open data, test their technologies and attract funding for advanced energy and e-mobility solutions. More details here.
We are the first to enter the offshore market in the Baltic states. In 2023, Ignitis Renewables, a subsidiary of the Group, won the rights to develop an offshore wind farm (the capacity is 0.7 GW) in the Lithuanian waters near Palanga and in two sea areas in Estonia (the total capacity is 1–1.5 GW). More details here.
We are expanding the Kruonis Pumped Storage Hydroelectric Power Plant (Kruonis PSHP) and building unit 5, which in 2026 should increase the capacity of the plant to 1,010 MW. Kruonis PSHP is providing balancing services and is unique in the Baltics. It can provide a constant supply of electricity to the entire Lithuania for around 12 hours. The expansion of the power plant will contribute towards the energy independence of the region, help ensure the development of renewables and the reliability of the energy system. More details here.
Approximately 4,400 employees from around the world are working at the Group. We focus on talent diversity, developing the skills and competences necessary to implement our strategy, taking a holistic approach to employee well-being and growing a diverse and inclusive organisation. Ignitis Group has been awarded the prestigious Top Employer certificate for three consecutive years. You can read more about career opportunities here.
Key facts
The Green Capacities portfolio of the Group is 7.4 GW.
Our total investments in 2023 reached EUR 1 billion.
We have the largest customer portfolio in the Baltics with 1.4 million B2C and B2B customers.
We maintain over 128 thousand km of electricity distribution lines and operate over 9.6 thousand km of gas distribution pipelines.
100 thousand prosumers have been connected to the electricity distribution network by the beginning of 2024.
Business segments
Green Capacities
We are focusing on green generation and green flexibility technologies: onshore and offshore wind, batteries, pumped-storage hydro and power-to-X (P2X).
Networks
We are maintaining electricity and gas distribution networks, connecting new customers and prosumers to the network and installing smart solutions to make the Lithuanian distribution network reliable and efficient.
Customers & Solutions
We are a reliable B2C and B2B electricity and natural gas supplier. We are installing innovative solutions to facilitate energy efficiency and empower green energy consumers. We are developing an EV charging network in the Baltic states.
Reserve Capacities
We are providing reserve capacity services to ensure the reliability and security of the electricity system in the region.
Sustainable investments
We prioritise technologies that can create a 100% green and secure energy ecosystem.
Green generation technologies
Onshore wind and offshore wind
Green flexibility technologies
Batteries, pumped-storage hydro and power-to-X
Complementary technologies
Solar, hydro, biomass and waste-to-energy
Group companies
Ignitis Group’s companies operate in the Baltic states, Poland and Finland. We also explore new opportunities in other EU Member States on the energy transition path.
Companies owned by Ignitis Group
Company details, addresses and other relevant information.