Potential offtaker

Ignitis Group

www.ignitisgrupe.lt

Estimated electricity consumption

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Countries of production presence

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Ignitis Group is a leading energy company based in Lithuania that operates in the Integrated Electric Utilities sector. The company is committed to providing sustainable and reliable energy solutions to its customers while contributing to the decarbonisation of the energy sector. Ignitis Group is dedicated to promoting renewable energy sources and has made significant investments in this area, making it a key player in the transition to a low-carbon economy.

Ignitis Group's commitment to decarbonisation is evident in its strategic plan, which includes ambitious targets for reducing greenhouse gas emissions. The company aims to reduce its carbon footprint by 55% by 2030 and achieve carbon neutrality by 2050. To achieve these goals, Ignitis Group is investing in renewable energy sources such as wind, solar, and biomass, and is also exploring new technologies such as hydrogen.

One of the key areas of focus for Ignitis Group is corporate energy. The company provides energy solutions to businesses of all sizes, helping them to reduce their carbon footprint and achieve their sustainability goals. Ignitis Group offers a range of services, including energy audits, energy efficiency solutions, and renewable energy options such as solar and wind power. The company also offers corporate power purchase agreements (PPAs), which allow businesses to purchase renewable energy directly from Ignitis Group.

Corporate PPAs are becoming an increasingly popular way for businesses to meet their sustainability targets. By purchasing renewable energy directly from a supplier, businesses can reduce their carbon footprint and demonstrate their commitment to sustainability. Ignitis Group offers a range of corporate PPAs, including fixed-price and indexed PPAs, which allow businesses to lock in a price for their energy supply and protect themselves from price volatility.

Ignitis Group is also committed to promoting renewable energy sources in the wider community. The company has invested in a number of renewable energy projects in Lithuania and other countries, including wind farms and solar parks. These projects not only provide clean energy to local communities but also create jobs and stimulate economic growth.

In addition to its focus on renewable energy, Ignitis Group is also committed to innovation and technology. The company is exploring new technologies such as hydrogen, which has the potential to play a significant role in the decarbonisation of the energy sector. Ignitis Group is also investing in smart grid technologies, which will enable more efficient and flexible energy distribution and help to integrate renewable energy sources into the grid.

Overall, Ignitis Group is a forward-thinking energy company that is committed to sustainability and decarbonisation. The company's focus on renewable energy, corporate energy solutions, and innovation make it a key player in the transition to a low-carbon economy. With ambitious targets for reducing greenhouse gas emissions and a commitment to promoting renewable energy sources, Ignitis Group is leading the way in the energy sector and helping to build a more sustainable future for all.

✓ Science Based Targets member
✓ Declared Net Zero commitment