About us
EPSO-G is a new energy group wholly owned by the state. The shareholder rights and obligations of EPSO-G holding are implemented by the Ministry of Energy of the Republic of Lithuania. The group consists of a holding company, the transmission system operators managing the infrastructure of electricity and gas transmission, the market operators managing biomass and wood exchanges, as well as the company providing the infrastructure maintenance services.
The EPSO-G group of companies consists of the holding company EPSO-G and its six direct subsidiaries Amber Grid (96,6 % of the shares), Baltpool (67 % of the shares), Energy cells (100 % of the shares), EPSO-G Invest (51 % of the shares), Litgrid (97,5 % of the shares) and Tetas (100 % of the shares). EPSO-G and its Group companies also hold shares in Rheinmetall Defence Lietuva, Baltic RCC OÜ and TSO Holding AS.
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The main activity of the EPSO-G group is to ensure the uninterrupted and stable transmission of electricity via high-voltage networks and the transport of gas via high-pressure pipelines. The group is responsible for the efficient management, maintenance, operation and development of these transmission systems. The group also operates a 200 MW battery storage system, which ensures the stable operation of the electricity transmission system in isolated mode and provides balancing services at limited capacity (up to 40 MW).
The Group’s companies operate and develop biomass and timber trading platforms designed to ensure transparent competitive conditions in the energy resources and roundwood markets. In addition, the group’s companies carry out electrical engineering contracting projects and provide infrastructure operation services to low, medium and high-voltage network operators.
The EPSO-G Group, in cooperation with its partners, invests in the development of the defence industry in Lithuania, which is of national importance.
The duty of all EPSO-G Group companies is to implement, efficiently and on schedule, the energy transmission and exchange infrastructure development projects of national importance set out in the shareholder’s letter of expectations, thereby contributing to the achievement of the objectives set out in the National Energy Independence Strategy and creating sustainable long-term value for the Lithuanian state, the people and the country’s economy
Litgrid is the designated operator of Lithuania's electricity transmission system. The company maintains stable operation of the national power system, controls electricity flows and enables competition in an open domestic electricity market.
The mission of the company: transmitting electricity across European markets, creating value to the society. Litgrid is in charge of high voltage (330 kV and 110 kV grids) lines and transformer substations and switchgears.
Shares held by EPSO-G: 97.5%
Date and place of registration: 16 November 2010, the Register of Legal Entities of the Republic of Lithuania
Company code: 302564383
Address: Karlo Gustavo Emilio Manerheimo g. 8, LT-05131 Vilnius
Tel. +370 707 02 171
E-mail: [email protected]
Website: www.litgrid.eu
Amber Grid is the designated operator of Lithuania’s gas transmission system and is in charge of transmission of gas via high pressure pipelines to system users. The company operates, maintains and develops the gas transmission system. The gas transmission system is comprised of gas transmission pipelines, gas compressor stations, gas metering and distribution stations, cathodic protection installations, as well as data transmission and telecommunications systems.
Customers of Amber Grid are power plants, district heating plants and industrial companies as well as medium sized companies operating in Lithuania and gas supply companies, to which Amber Grid renders natural gas transmission services. .
The company operates gas distribution stations, gas compressor stations and gas transmission pipelines.
Shares held by EPSO-G: 96.6%
Date and place of registration: 11 June 2013, the Register of Legal Entities of the Republic of Lithuania
Company code: 303090867
Address: Laisvės ave. 10, LT-04215 Vilnius
Tel. +370 5 2360855
E-mail: [email protected]
Website: www.ambergrid.lt
Baltpool is the designated operator of the Lithuania's energy exchange assigned to organise and administrate trading systems of solid biomass products and round wood. It acts as the administrator of public service obligations' (PSO) funds and is in charge of collection, payouts and administration of PSO funds. The mission of Baltpool is to provide efficient and competitive exchange floor to market participants.
Shareholders of Baltpool are the state controlled energy companies EPSO-G and KN Energies.
Shares held by EPSO-G: 67.0%
Date and place of registration: 10 December 2009, the Register of Legal Entities of the Republic of Lithuania
Company code: 302464881
Address: Žalgirio g. 90, LT-09303 Vilnius
Tel. +370 5 2393157
E-mail: [email protected]
Website: www.baltpool.eu
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The main activity of Tetas is construction and repair of engineering networks, i.e. electrical equipment up to 400 kV. The company also performs construction works - constructs and installs building structures, installs electricity supply and distribution equipment, builds electrical networks, performs the installation of electrical engineering systems for buildings. Tetas is also carrying out installation of fiber-optic cable engineering infrastructure, provides photovoltaic power plant design services and installation works.
The company has a division providing design services, ensuring the provision of high intellectual and value-added services. The company also provides the market with unique testing and diagnostic services for electrical equipment.
Shares held by EPSO-G: 100%
Date and place of registration: 8 December 2005, the Register of Legal Entities of the Republic of Lithuania
Company code: 300513148
Address: Senamiesčio g. 102B, LT-35116 Panevėžys
Tel. +370 45 504 670
E-mail: [email protected]
Website: www.tetas.lt
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EPSO-G Invest is a company within the EPSO-G Group, where the Group owns 51% of the shares and the remaining 49% is held by the state investment company Valstybės investicinis kapitalas.
Valstybės investicinis kapitalas invests in Lithuania’s economic growth and strategic sectors through management companies, investment funds, and other financial instruments. The rights and obligations of the company’s sole shareholder are exercised by the Ministry of Finance of the Republic of Lithuania.
EPSO-G Invest owns 48% of the shares in Rheinmetall Defence Lietuva, which is developing a 155 mm artillery ammunition factory in Baisogala, Lithuania. Rheinmetall Waffe Munition holds 51% of the shares, while Giraitės Ginkluotės Gamykla owns the remaining 1%.
The primary objective of EPSO-G Invest is to invest in a company engaged in the construction of a 155 mm artillery shell factory and the sale of ammunition, as well as to manage investments in the project company. The company will also seek to invest in other defense industry-related activities. EPSO-G Invest operates in accordance with the principles of transparency, efficiency, and long-term value creation, focusing on the implementation of strategically important projects and sustainable investment growth.
Shares held by EPSO-G: 51%
Date and place of registration: 18 July 2024, the Register of Legal Entities of the Republic of Lithuania
Company code: 306949519
Address: Laisvės ave. 10, LT-04215 Vilnius
Tel. +370 699 89818
E-mail: [email protected]
Website: www.epsog.lt
The primary activity of Energy Cells an electricity storage system operator, is to ensure the provision of operating reserve services for the isolated power system to the transmission system operator Litgrid. Energy Cells has been providing this service at its full planned capacity of 200 MW since October 2023.
The energy storage system operated by Energy Cells consists of four identical battery parks, each with a capacity of 50 MW and 50 MWh, located in Vilnius, Šiauliai, and the Alytus and Utena districts. The operation of the four battery parks is monitored continuously (24 hours a day, 7 days a week) from a control center in Vilnius. In the event of disturbances in the transmission system grid, the energy storage system’s equipment can automatically respond within 1 second to the transmission system operator Litgrid’s need to ensure the security and stability of the power system, and within 1 second supply power to the grid or draw power from the grid, thereby helping to regulate the frequency of the transmission grid. Once the instantaneous energy reserve service is activated, it would be provided until the facilities of other market participants capable of providing the service come online.
Shares held by EPSO-G: 100%
Date and place of registration: 26 January 2021, the Register of Legal Entities of the Republic of Lithuania
Company code: 305689545
Address: Ozo g. 12A-1, LT-08200 Vilnius
Tel. +370 659 00748
E-mail: [email protected]
Website: www.energy-cells.eu