Litgrid

What Litgrid does

Litgrid is Lithuania's state-owned electricity transmission system operator (TSO), managing the country's high-voltage grid comprising 330 kV and 110 kV transmission networks under a statutory monopoly designation by Lithuania's National Energy Regulatory Council (VERT). The company operates all cross-border interconnectors including NordBalt to Sweden, LitPol Link to Poland, the developing Harmony Link with Poland, and the planned 2 GW Baltic-German PowerLink with Latvia and Germany's 50Hertz. Following the historic February 2025 synchronization of the Baltic states with Continental European grids, Litgrid deployed three synchronous compensators and integrated Lithuania into European balancing platforms (PICASSO, MARI) and the joint Baltic Balancing Capacity Market. The company's technology stack includes a Frequency Stability Assessment System (FSAS), Automatic Generation Control, AI applications for renewable energy integration, and a 1 MW battery test platform for storage integration research.

Litgrid's revenue model is anchored in regulated transmission tariffs approved by VERT based on a regulated rate of return methodology, supplemented by usage-based balancing services, one-time grid connection fees, and recurring ancillary services such as reactive power support and black start capability. The company serves four primary customer segments: renewable energy producers (solar, wind, battery storage developers), distribution system operators, electricity traders and suppliers, and large industrial consumers including railway electrification projects such as Rail Baltica. Named enterprise customers include European Energy (25 MW/65 MWh BESS at Anykščiai), Energy cells (UAB) for storage services, and AB Ignitis gamyba under a EUR 50.12 million generation services contract for 2026.

In 2025, Litgrid reported revenue of EUR 431.1 million (up from EUR 378.3 million in 2024), adjusted EBITDA of EUR 53.0 million, and adjusted net profit of EUR 37.7 million. The company operates as a subsidiary of state-owned EPSO-G group and has 101–250 employees headquartered in Vilnius. Recent strategic capital deployment of EUR 213.7 million in 2024 (a ~40% year-over-year increase) funded synchronization infrastructure, new substations (Mūšos skirstykla, Darbėnai), the Vilnius–Neris line, and contract commitments including a EUR 35.3 million reconstruction of the 330 kV Aizkrauklė–Panevėžys overhead line. The company holds ISO 37001 anti-corruption certification and provides humanitarian aid to Ukraine's energy sector.

Name

Litgrid

Legal name

LITGRID AB

Website

https://litgrid.eu

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Litgrid is Lithuania's state-owned electricity transmission system operator (TSO), managing the country's 330 kV and 110 kV high-voltage transmission networks under a regulatory monopoly. The company provides transmission, balancing, and grid connection services to renewable energy producers, distribution operators, and large industrial consumers.

Ownership category

akta.pro rank

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Others

Revenue model

1. Electricity Transmission Services: Regulated transmission tariffs for electricity transmission through the high-voltage grid. Revenue is approved by Lithuania's National Energy Regulatory Council (VERT) based on regulated rate of return. The company reported EUR 431.1 million revenue in 2025.
2. Balancing Services: Services for maintaining system balance including frequency regulation, reserve capacity, and imbalance trading. Revenue from commercial balancing market participants.
3. Grid Connection Services: Connection fees and capacity reservation charges for new electricity producers connecting to the transmission network. Includes technical assessment and grid integration services.
4. Ancillary Services: Additional services including reactive power support, black start capability, and system restoration services provided to maintain grid reliability.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Litgrid operates Lithuania's high-voltage electricity transmission network (330 kV and 110 kV) as the country's designated transmission system operator. It provides electricity transmission services, system balancing and frequency regulation, grid connection services for renewable energy producers, ancillary services, and cross-border interconnection capacity for electricity trade.

Product overview

Litgrid operates as Lithuania's electricity transmission system operator, managing the country's high-voltage electricity grid (330 kV and 110 kV). The company's core offering is electricity transmission services combined with system management operations to ensure grid stability and reliability. Strategic interconnection projects (Harmony Link, NordBalt, LitPol Link) form a key part of the portfolio enabling cross-border electricity trade. Balancing capacity services and renewable energy connection services support market operations and the energy transition. The company completed the historic Baltic synchronization with Continental Europe in February 2025, deploying synchronous compensators for grid stability support. Origin guarantees administration and grid development planning are additional service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Transmission Services Regulated electricity transmission services operating Lithuania's high-voltage transmission network (330 kV and 110 kV) to ensure reliable electricity delivery across the country. Available to electricity producers, distribution system operators, electricity traders, and large industrial consumers under VERT-approved tariffs.
• System Management Services Operational management of Lithuania's electricity system including frequency control, load balancing, and real-time grid stability monitoring using automatic generation control and frequency stability assessment systems. Provided to all grid users as an essential TSO service.
• Balancing Capacity Services Balancing and frequency regulation services including procurement of balancing capacity, imbalance trading, and coordination with Baltic regional balancing markets. Available to electricity market participants requiring balance responsibility management.
• Renewable Energy (AEI) Connection Services Connection services for renewable energy installations (solar, wind, and battery storage) to the transmission grid, including capacity reservation, technical assessment, and grid access management through the AEI Center. Targeted at renewable energy project developers.
• Cross-Border Interconnection Services (Harmony Link) Cross-border electricity interconnection service through the Harmony Link (onshore Lithuania-Poland cable) enabling electricity trade and synchronization support between the Baltic and Central European electricity systems. Available to electricity market participants.
• Cross-Border Interconnection Services (NordBalt) Cross-border electricity interconnection service through the NordBalt submarine HVDC cable connecting Lithuania and Sweden, enabling electricity trade and grid stability between the Baltic and Nordic regions. Available to electricity market participants for cross-border capacity allocation.
• Cross-Border Interconnection Services (LitPol Link) Cross-border electricity interconnection service through the LitPol Link Poland-Lithuania connection, enabling cross-border electricity trade and grid synchronization support between Baltic and Central European electricity systems.
• Origin Guarantees Administration Administrative services for issuing and managing guarantees of origin for electricity generated from renewable energy sources. Available to renewable electricity producers for renewable energy certification.

Quantifiable outcome

• 6 GW+ of renewable energy capacity connected to national grid
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

13 partnerships are on record, tiered core and minor.

• EPSO-GcoreStrategic or Co-development Partner · 29 May 2026Litgrid is a subsidiary of EPSO-G group, Lithuania's state-owned energy group. EPSO-G assumed management of a €20 million European Investment Bank loan originally extended to Litgrid for the Lithuania-Poland electricity interconnection. The restructuring consolidates financing management within the EPSO-G group.
• Augstsprieguma tīkls (Latvia)coreStrategic or Co-development Partner · 2 March 2026Joint declaration signed by Lithuania, Latvia, and Germany to explore the Baltic-German PowerLink, a 2 GW hybrid offshore interconnector. The three Baltic and German transmission operators committed to feasibility studies including cost-benefit analysis and financing structures.
• 50Hertz (Germany)coreStrategic or Co-development Partner · 2 March 2026Joint declaration for Baltic-German PowerLink project. 50Hertz committed to feasibility studies for 2 GW offshore interconnector connecting Baltic States to Germany, targeting completion by 2037.
• AB Kauno tiltaiminorImplementation/ SI/ Consulting Partner · 20 February 2026Construction company awarded EUR 35.3 million contract for reconstruction of 330 kV overhead line Aizkrauklė-Panevėžys. Contract includes detailed design documentation and construction works within 30 months.
• AB Ignitis gamybacoreImplementation/ SI/ Consulting Partner · 29 December 2025Electricity generation services contract for 2026 valued at EUR 50.12 million. Ignitis gamyba provides generation capacity and availability services for system reliability.
• PSE (Poland)coreStrategic or Co-development PartnerPolish transmission operator collaborating on Harmony Link (onshore interconnection) and LitPol Link expansion projects. Joint development of Lithuania-Poland electricity interconnections for synchronization with Continental European grids.
• Svenska kraftnät (Sweden)coreStrategic or Co-development PartnerSwedish transmission operator managing NordBalt subsea cable interconnection between Lithuania and Sweden. Ongoing cooperation for cable maintenance, control system modernization, and financial insurance mechanisms.
• Energy cells (UAB)coreImplementation/ SI/ Consulting PartnerDesignated storage system operator implementing battery energy storage systems in Lithuania. Energy cells is installing 1,700 MW/4,000 MWh of storage capacity under the national support scheme. Provides balancing services to the grid.
• Kaunas University of Technology (KTU)minorStrategic or Co-development PartnerInnovation partnership for battery and thermal storage testing. Joint research projects including 1 MW battery system tests and synergy demonstrations between battery and pumped storage for balancing services.
• Green GeniusminorStrategic or Co-development PartnerPartnership for testing battery storage contributions to renewable energy development. Jointly tested how storage systems support renewable energy integration and grid stability.
• Amber GridcoreStrategic or Co-development PartnerJoint public consultation on combined electricity, gas, and hydrogen network 10-year development scenarios. Collaboration on integrated energy infrastructure planning.
• Lithuanian Armed ForcesminorStrategic or Co-development PartnerCooperation agreement for NordBalt connection security. Military support for protecting critical submarine cable infrastructure in the Baltic Sea.
• ENTSO-EcoreStrategic or Co-development PartnerEuropean Network of Transmission System Operators for Electricity. Litgrid participates in regional cooperation, Ten-Year Network Development Plan, and European balancing market platforms (PICASSO, MARI).

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Elering: Estonia's transmission system operator participating in the same Baltic synchronization program and joint Baltic Balancing Capacity Market. Operates comparable 330 kV/110 kV transmission infrastructure with regulated revenue model and similar renewable integration challenges.
• Svenska kraftnät: Sweden's TSO managing the NordBalt subsea interconnection to Lithuania. Operates a similar high-voltage transmission network with regulated cost-of-service framework and active cross-border balancing market participation.
• 50Hertz: German TSO (subsidiary of Elia) partnering with Litgrid and AST on the Baltic-German PowerLink offshore interconnector. Manages high-voltage transmission in northern/eastern Germany with comparable focus on renewable integration and offshore wind grid connections.
• PSE (Polskie Sieci Elektroenergetyczne): Poland's TSO and key partner for Litgrid's LitPol Link and Harmony Link interconnectors. Operates one of Europe's largest synchronous grids with comparable regulated transmission tariffs and major cross-border interconnection mandate.
• Augstsprieguma tīkls (AST): Latvia's electricity transmission system operator, Litgrid's direct counterpart in the Baltic synchronization project and joint partner on the Baltic-German PowerLink. Operates a similar regulated TSO model with cross-border interconnections to Lithuania, Estonia, and Russia (now disconnected).

Broad incumbents

• Statnett: Norwegian TSO operating similar regulated transmission infrastructure with significant subsea interconnections and renewable integration mandate. Comparable state-owned utility profile and Northern European operating environment.
• TenneT: Major European TSO operating across the Netherlands and Germany with significant offshore wind grid integration business. Comparable high-voltage transmission infrastructure with regulated revenue model and similar strategic interconnector projects.
• Elia Group: Belgian TSO (and parent of 50Hertz) operating one of Europe's most interconnected transmission networks. Comparable regulated TSO business model with cross-border trading and significant renewable integration focus across multiple European geographies.
• National Grid: UK-based TSO operating regulated high-voltage transmission networks with comparable business model, regulatory framework, and cross-border interconnection portfolio. Relevant peer for capital-intensive regulated transmission utility economics.
• RTE (Réseau de Transport d'Électricité): France's TSO operating the largest transmission network in Europe under a regulated framework. Comparable capital-intensive infrastructure model, balancing services portfolio, and renewable integration mandate across a single national jurisdiction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Litgrid

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Litgrid