During the first meeting of the Board of Energy Cells, the company implementing the energy storage system project, the Chairman of the Board was elected. The post was taken up by Viktoras Baltuškonis, a Board member nominated by EPSO-G. Energy cells’ Board, which started its work in April, also includes Darius Klimašauskas, an independent member of the Board, and Dovilė Kapačinskaitė, elected to the position of a civil servant Board member.
V. Baltuškonis, Head of Finance of EPSO-G, is also a board member responsible for financial management in EPSO-G group companies Baltpool and GET Baltic.
“The team of specialists with exceptional experience and competence has been assembled to implement the ambitious project of Energy cells, and we will strive to achieve exemplary results not only in implementing on time this project, which is important for Lithuania’s energy independence, but also in finding opportunities for expansion of the company,” said V. Baltuškonis.
Energy cells will integrate into the Lithuanian energy grid a system of energy storage facilities with a total combined capacity of 200 megawatts (MW) and 200 megawatt-hours (MWh). Energy cells will install four parks of energy storage facilities with a capacity of 50 MW and 50 MWh each in Vilnius, Šiauliai, Alytus and Utena. The system of energy storage devices will serve as an instantaneous energy reserve for isolated operation and will ensure reliable, stable operation of the electrical energy system of Lithuania until synchronisation with the grids of continental Europe. The company will start providing the service of ensuring the isolated operating reserve of the electricity system at the end of this year.
EPSO-G group of companies consists of the management company EPSO-G, Amber Grid, Baltpool, Energy cells, Litgrid and Tetas, as well as indirectly controlled GET Baltic. The Ministry of Energy of the Republic of Lithuania implements the rights and obligations of the sole shareholder of EPSO-G.