“Lithuania attracts investor interest: to launch energy storage with 1.7 GW of power and 4 GWh of capacity.”
Lithuania is significantly scaling up its planned energy storage support program.
Instead of the originally planned 800 MWh, the country will implement projects with a total capacity five times larger—4 GWh and 1.7 GW of power.
The Ministry of Energy announced that the new installations are intended to provide greater flexibility, resilience, and security for the national power system, as well as support the further development of renewable energy sources.
Strong investor interest
The first call for applications was launched in February this year. The Energy Agency received over 50 applications for a total of more than €197 million—nearly twice the amount initially allocated in the budget. In response, the government increased funding by an additional €37.3 million.
The total value of the projects will exceed €840 million. State subsidies will cover an average of 14.7% of all investments, with support focused on storage systems ranging from 30 MWh to 300 MWh, primarily intended for balancing services in the transmission system.
Funding conditions
- Subsidy of up to 30% of eligible costs
- Maximum support level: €150,000/MWh
- Eligible beneficiaries: legal entities (excluding financial and credit institutions)
The Ministry also announced another round of tenders in the near future.
A leap forward for the market
This new initiative marks a major step forward compared to 2020, when Lithuania launched its first grid-connected large-scale energy storage project—a 200 MWh system developed by Energy Cells in cooperation with Siemens Energy and Fluence.