Ignitis Group (LIT: IGN1L)

Ignitis Group is a corporation based in Vilnius, Lithuania. Established in 1937, the corporation is a renewables-focused integrated utility and the largest listed company in the Baltics. As a renewables-focused integrated utility, the firm is committed to a greener future. They are utilizing their integrated business model to enable a Green Capacities build-out. They are expanding their green generation technologies with a focus on onshore and offshore wind. They are also developing green flexibility technologies: battery storage, hydro-pumped storage, and power-to-x technologies, with green hydrogen holding a significant potential of contributing towards net zero. They invest to deliver 4-5 GW of installed Green capabilities by 2030 and reach net-zero emissions by 2040-2050, thus strengthening their contribution to Europe's decarbonization and energy security in the region. Group companies operate in Lithuania, Latvia, Estonia, Poland, and Finland. Group innovation fund invests in energy startups in the UK, Norway, and France. The assets of the corporation are managed by the executive management team.