Litgrid AB - Company Profile
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Business Description
Litgrid AB (Litgrid), a subsidiary of EPSO-G, is an electricity transmission system operator responsible for maintaining high-voltage electricity transmission networks and ensuring the stable operation of the country's electricity system. The company manages electricity flows and fosters competition in the free electricity market. Litgrid also plays a key role in integrating Lithuania's electricity system into the broader European electricity infrastructure and the single electricity market.
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R&D Overview
Litgrid is actively engaged in R&D and innovation activities to enhance the efficiency and reliability of Lithuania's power system. The company focuses on contributing to the LT100 energy system model study led by the Lithuanian Energy Agency with NREL to assess the sector and develop pathways toward full electricity self-sufficiency and 100% renewable electricity consumption. It aims to quantify security-of-supply impacts through a study on the Value of Lost Load (VoLL) for Lithuania’s trading zone using ACER methodology and consumer survey data. The company collaborates with European and Lithuanian research institutions and businesses to implement innovative energy solutions and pilot projects. In FY2024, Litgrid implemented 11 innovation projects across various domains, including ITT and digitalization, asset management, systems management, and business organization and new services. The company is also involved in the One Network for Europe (OneNet) project, which aims to create a unified European electricity grid.
Product Categories
Overview
Transmits power to distribution networks, large network users from power stations, and neighboring energy systems. It delivers electricity through high voltage networks from 330 to 110 kilo-volts (kV).
Performance
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Performance
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