About Ignitis
Company Overview
AB “Ignitis Grupė”
HeadquartersVilnius, Lithuania
Founded2008
SizeApproximately 1,000 employees (source: linkedin.com). Revenue figures for 2023 are not detailed in available sources, but the company supplies electricity and natural gas to approximately 1.6 million business and private customers (source: ignitis.pl).
What They Do
Ignitis Group focuses on renewable energy generation, particularly in wind power, alongside hydroelectric, pumped storage, and combined heat and power (CHP) from waste. The company operates a diverse portfolio that includes wind farms in Lithuania, Estonia, and Poland, with a total capacity of 233 MW. Additionally, it manages the Elektrėnai complex in Lithuania, which generates 1,055 MW of electricity, and the Kruonis pumped storage power plant with a capacity of 900 MW (source: ignitis.pl). Ignitis also provides smart-energy solutions, trading and distribution of electricity and natural gas, and maintenance and development of power systems, with a strong emphasis on sustainability and renewable sources (source: ignitis.pl).
Projects & Track Record
Notable projects by Ignitis Group include the Elektrėnai complex, which has a capacity of 1,055 MW, and the Kruonis pumped storage power plant at 900 MW. The company also operates the Kaunas Algirdas Brazauskas hydroelectric power plant with a capacity of 100.8 MW, and two CHP plants in Vilnius and Kaunas, producing 229 MW thermal and 92 MW electricity from waste, and 70 MW thermal and 24 MW electricity from waste, respectively (source: ignitis.pl). The total capacity from Ignitis's own energy sources reaches 2,600 MW, showcasing its significant role in the energy sector across the Baltic States and beyond (source: ignitis.pl).
Recent Developments
In March 2024, Ignitis Group made a fund commitment to an unspecified private equity manager, indicating its ongoing investment in renewable energy projects (source: privateequityinternational.com). However, there have been no major announcements regarding contracts won, acquisitions, or other significant milestones from 2024-2025 detailed in the available sources (source: privateequityinternational.com).
Working There
Ignitis Group offers a variety of roles primarily in finance, portfolio management, and sustainability leadership, with key positions held by executives such as Chief Financial Officer Jonas Rimavičius and Head of Group Sustainability Valentas Neviera, all based in Vilnius (source: privateequityinternational.com). The company also has operations in Poland, suggesting opportunities in energy generation, trading, and distribution. Departments include generation, supply, trading, distribution, and smart-energy solutions, with a strong focus on renewable technologies (source: ignitis.pl).
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