European Energy secures subsidy for battery project  in Lithuania

European Energy expands into battery storage with new project in Lithuania

Copenhagen, Denmark, 19th of December 2024 – European Energy has secured a state subsidy for a battery project construction in Lithuania for a 12 MW battery project located near the city of Telšiai.

The company has previously been active in the region, having constructed a wind farm there. With this new battery project, European Energy is expanding into a new business area in Lithuania.

Since 2024, European Energy has prioritized battery storage as a key business focus, with projects under development in many of the markets where the company operates.

“We are very pleased with this development in Lithuania and our venture into this new business area. We have established a strong collaboration with local communities and authorities in Lithuania. With this battery project, we aim to provide more renewable solutions to the region, enhancing energy independence,” said Tadeusas Konkovskis, VP and Country Manager for Lithuania at European Energy.

The battery project will have a storage capacity of 48 MWh. European Energy plans to begin construction in the fourth quarter of 2025 and connect the battery to the grid by the third quarter of 2026. The auction will support the CAPEX costs of the project.

“Batteries enable us to maximize the efficiency and effectiveness of our renewable energy parks. This project in Lithuania represents a significant step toward operational excellence in a relatively new area for the industry. We hope to apply the insights gained from this project to accelerate similar solutions in other key markets,” said Thorvald Spanggaard, EVP and Head of Project Development at European Energy.

European Energy views battery storage as a cornerstone of its future strategy, aligning with its commitment to integrating innovative technologies into renewable energy solutions. Beyond Lithuania, the company has announced a battery project in Poland and is actively exploring similar initiatives in other European countries, where energy storage is becoming increasingly vital for balancing the intermittent nature of renewable energy supply with demand.

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Ming Ou Lü

PR Manager

+45 3126 9376

miol@europeanenergy.com