In our strategy we focus on four key strategic priorities: create a sustainable future, grow green generation capacity, ensure resilience and flexibility of the energy system, capture growth opportunities.

In our strategy we focus on four key strategic priorities. First, we are creating a sustainable future. ESG criteria are an integral part of our strategic goals with strong commitment to a more sustainable future. We align our business targets with the United Nations’ Sustainable Development Goals and we are committed to reducing net carbon dioxide emissions to zero by 2050. We also strive to align our businesses with science-based targets to a 1.5°C-compliant business model. Second, we are ensuring resilience and flexibility of the energy system, as well as enabling energy transition and evolution. Third, we are growing renewables to meet regional energy commitments. We target to reach 4 GW of installed green generation capacity by 2030. Fourth, we are capturing growth opportunities and developing innovative solutions to make life easier for the energy smart.

Our focus is on the home markets – the Baltic countries, Poland. We also explore new opportunities in countries on the energy transition path.

We pursue our strategic priorities with a strong focus on financial discipline. Our engaged people, agile teams, learning culture, organisation with strong governance model and digital approach are the integral parts of our strategy.

Green Generation. Focused, sustainable and profitable growth:

• We target to reach 4 GW of installed green generation capacity by 2030 while ensuring that the build-out creates value for our shareholders
• Our operational 0.9 GW hydro-pumped storage plant with additional capacity expansion possibilities is fundamental for enabling future renewable energy growth in the region
• We aim to partner with strategic investors to adopt new technologies and with financial investors to maximize our returns by utilizing asset rotation
• We are pursuing onshore and offshore wind, waste-to-energy, biomass and solar technologies across the project lifecycle
• Prudent investment framework with conservative hurdle rates

Networks. Resilient and efficient energy distribution enabling the energy transition:

• We continuously invest country-wide to modernize our strategic assets used for electricity and natural gas distribution to ensure network resilience and efficiency for our business and residential customers
• We digitise our distribution network and strive to develop a smart grid which would be one of the most advanced in the region
• We enable energy innovations, renewable energy transition and facilitate the local energy market and its efficiency through data-driven network solutions

Customers & Solutions. Innovative solutions for easier life and energy evolution:

• We scale our core energy supply business complementing it with innovative, value-added energy solutions
• We innovate together with our partners to help our customers become more energy smart and contribute to their environmental goals
• We enable industrial scale renewable energy expansion by helping to secure long-term offtake contracts and capitalizing on our competences in balancing services

Flexible Generation. Reliable and flexible power system:

• We invest to ensure flexibility and high reliability of the Lithuanian energy system by providing reserve and ancillary services
• We are phasing out/decommissioning old conventional energy generation capacities
• We aim to contribute to the synchronization with the continental European network by providing new balancing services
• We develop additional flexible generation capacities provided they are required to balance renewable energy growth and secure required level of adequacy in the Lithuanian energy system