Election to the Board of Energy Cells announced


EPSO-G, a group of energy transmission and exchange companies, has announced its election to the special-purpose board of company Energy cells that will consist of 3 members who will be elected for 4 years. EPSO-G owns 100 percent of Energy cells.

To ensure proper implementation of shareholder expectations, good management practices and opportunities provided by the competencies of independent members, the Board will consist of a delegated member of the parent company who will strengthen the company’s competencies in innovation and development, Board member – a civil servant who will be responsible for project management, control and oversight of national security interests and an independent board member with experience in financial management and business purchase and sale transactions.

Candidates are invited to submit documents by January 25 inclusive.

Energy cells must install the energy storage facilities system with a total capacity of at least 200 megawatts (MW) and 200 megawatt hours (MWh). These facilities will serve as an instantaneous reserve of energy for isolated work and will ensure reliable, stable and consumer-friendly operation of the Lithuanian electricity system until synchronization with the networks of continental Europe, and in the future – for the integration of fast-growing renewable energy sources.

Energy Cells will start providing the isolated power system work reserve assurance service in December this year.

EPSO-G is 100% owned by the Ministry of Energy of the Republic of Lithuania.

Documents related to the election can be found here https://www.epsog.lt/lt/karjera