Kaunas Combined Heat and Power Plant (Kaunas CHP) is owned by Ignitis Group (51% of shares) and Gren (49% of shares).
Ignitis Group (the Group) is an international energy company and the largest listed company in the Baltic states. The Group companies have a common goal of creating an energy-smart world to make life easier, safer and more sustainable. The Group has four strategic business segments: Green Generation, Networks, Customers & Solutions and Flexible Generation. Kaunas CHP is part of the Green Generation segment, which includes energy generation from hydro-, wind, solar energy, biofuel and waste, consistent expansion of our capacities, development of new projects in Lithuania as well as in the neighbouring countries.
By diversifying the energy sources, the Group increases energy independence, encourages the use of renewable energy sources and contributes to mitigating climate impact while working towards sustainable development goals.
The Group is planning to reach 2.0–2.2 GW of installed Green Generation capacity by 2025, and 4 GW by 2030.
Gren is a Northern European energy company developing and providing energy solutions that range from sustainable district heating to renewable and industrial energy to meet the daily needs of their customers and communities. Gren is currently operating in Estonia, Finland, Latvia, Lithuania, Sweden, and the United Kingdom, and has ambitious growth plans to expand its business by actively searching for new efficient solutions and growth opportunities beyond its existing businesses.
Kaunas CHP is using waste to generate heat and electricity by utilising some of the most advanced technologies in Europe. This helps reduce waste sent to landfills and generate energy using local fuel.
The plant incinerates up to 255,000 tonnes of non-hazardous industrial and municipal waste left after sorting annually. The boiler’s capacity is 70 MW, and the generator’s is 24 MW. The plant can cover up to 30% of Kaunas central heating demand and provide electricity to 130,000 Lithuanian households.
Integrated business model
Ignitis Group is a leading integrated energy group in the Baltic region. We lead the regional energy transition to strengthen competitiveness and support economic growth.
Ignitis Group is active in the Baltic states, Poland and Finland. Our integrated business model enables synergies and new business models, supported by our strong position in the Baltics - benefiting from the largest network, energy storage capacity, and customer portfolio in the Baltics.
We are utilising our integrated business model to maximise value:
‒Developing and operating green generation and flexibility assets in line with market demand and system needs and progressing toward our 4–5 GW strategic goal
‒Building a resilient and efficient network that enables electrification
‒Contributing to the security of the energy system
‒Delivering value‑driven growth through outstanding customer experience
UAB Kauno kogeneracinė jėgainė, a part of the Green Capacities segment, plays a significant role in the integrated business model and strategy of Ignitis Group. The company's position within the Group’s structure is available here. More information about the integrated business model and strategic priorities of the company as well as targets by its business segments is available here.
Our purpose and strategy
Our purpose is to create a 100% secure and green energy ecosystem for current and future generations. We lead the regional energy transition to strengthen competitiveness and support economic growth. By securing local, reliable energy, we strengthen regional competitiveness and economic growth, support household well‑being, enhance business competitiveness, and attract energy‑intensive industries. More information about the Group’s purpose and purpose-driven priorities is available here.
UAB Kauno kogeneracinė jėgainė significantly contributes to the execution of the Group's strategy, is an integral part of the organisation and follows the Group’s strategy and stategic plan in its activities.
Strategic priorities and targets of the company
1.Green Capacities segment’s priorities are available here. More information is provided in the integrated strategic plan of the Group.
2.People and innovation. We are purpose-driven people who contribute to our strategic priorities. We innovate to create the future energy sector and bring new opportunities for our customers.
3.Sustainability. Decarbonisation that drives business value and ensures energy security: reducing carbon intensity under 2026–2029 targets while safeguarding reliable operation of the power system and balancing needs. We are strengthening regional competitiveness in the long term by reducing the carbon intensity of the grid. Our strategic priorities: decarbonisation, safety, employee experience, diversity, customer experience and sustainable value creation.
Our mindsets
We are a diverse team of energy smart people united by a common purpose. Four mindsets – simple yet powerful. United by purpose. Owning the challenge. Passion for reinvention. Pursuing excellence. Together, they yield the energy that drives everything we do. The energy generated by our choices. Our actions. Our unity.
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Power to act comes from the charge we bringThe mindsets we live by every day power our ambitious journey to a 100% green and secure energy ecosystem. |