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Radar · Energy in Lithuania

Best Energy Companies in Lithuania

The 47 best Energy companies in Lithuania in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Green Genius.

47companies tracked
$56.2Mdisclosed funding
0unicorns
5have raised
Sources & further reading
  • International grid edge study reveals countries’ needs and readiness f
FLIAR INTELLIGENCE · ENERGY × LITHUANIA

Our analysis of 441 Energy companies

$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

441companies analysed
76%cloud-native stacks
2025funding peak (by rounds)
8unicorns
2013median founding year

Ranked: Best Energy companies in Lithuania

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1Green Genius
Developer of bioenergy, wind and solar energy projects
$23M4 mo agoSeries CRuslanas Sklepovic
CEO
2006WordPressPleskMySQL+33—
2LL Investitions
Oil and gas exploration & production company
$22M165 mo agoLate StageNatalja Haselton
CEO
2006——
3E Energija
Manufacturer of district heat network
$7M94 mo agoSeries AGediminas Uloza
CEO
1995——
4UAB Lignoterma
Energy generation from biomass
$4M184 mo agoDeadpooledGintaras Lukosius
Managing Director
2011——
5UAB Minijos Nafta
Oil & gas exploration and production company
$18K374 mo agoEarly StageThomas Haselton
CEO
1995——
6LT Energija
Provider of green energy solutions through wind power plants
—28 mo agoFunding RaisedMindaugas Juodis
CEO
2016——
7Ignitis Group
Developer of solar, wind, and bio-energy projects
—70 mo agoPublicDarius Maikstenas
CEO
1991DrupalPHPTippy.js+20—
8SoliTek
Manufacturer of solar cells and modules
—82 mo agoAcquiredZilvinas Paliukas
CEO
2009October CMSPHPLaravel+15—

Top 10 Energy companies in Lithuania

#1
Series C · Vilnius, Vilnius County · founded 2006
$23.1Mraised
▾

Developer of bioenergy, wind and solar energy projects

Founders & team
Ruslanas SklepovicCEORuslan SklepovichCEOSławomir HincCEO
Investors
Banka Citadele, Luminor, Eiffel Investment Group, Europa, EBRD
Tech stack
CdnjsCloudflareCloudflare Bot ManagementContact Form 7CookiebotCore-Js
#2
Late Stage · Gargzdai, Klaipeda County · founded 2006
$21.9Mraised
▾

Oil and gas exploration & production company

Founders & team
Natalja HaseltonCEO
Investors
Chevron
#3
Series A · Vilnius, Vilnius County · founded 1995
$6.8Mraised
▾

Manufacturer of district heat network

Founders & team
Gediminas UlozaCEO
Investors
EBRD, ING
Tech stack
Cms Made SimplePhpNginxJquery MigrateJquery CdnJquery
#4
Deadpooled · Panevezys, Panevezys County · founded 2011 · 17 employees
$4.3Mraised
▾

Operator of a Lithuanian alternative energy company. The company is engaged in the development, management and operation of biomass boiler-houses and production and sale of heat and electricity to its customers.

Founders & team
Gintaras LukosiusManaging Director
Investors
LitCapital
#5
Early Stage · Gargzdai, Klaipeda County · founded 1995
$18Kraised
▾

Provider of oil and gas exploration services. The company engages in the development and production of oil. It currently produces oil from 8 oil fields located in Klaipeda and Silute Districts.

Founders & team
Thomas HaseltonCEO
Investors
IFU
#6
Funding Raised · Kretinga, Klaipeda County · founded 2016
—raised
▾

LT Energija is a company under UAB Renerga, a pioneer in green electricity production in Lithuania. They are developing a wind power plant in Pagėgiai district, with plans for it to come online in 2023.

Founders & team
Mindaugas JuodisCEO
Investors
Norddeutsche Landesbank, Kfw-Ipex-Bank, NIB
#7
Public · Vilnius, Vilnius County · founded 1991
—raised
▾

Developer of solar, wind, and bio-energy projects

Founders & team
Darius MaikstenasCEOIrma KaukienėCEO at Ignitis Group Service Center
Investors
European Investment Bank, EBRD
Tech stack
AdformCloudflareContentsquareCookiebotCore-JsDrupal
#8
Acquired · Vilnius, Vilnius County · founded 2009 · 34 employees
—raised
▾

SoliTek is a manufacturer and seller of photovoltaic cells and modules with production facility located in Vilnius. Offers glass-glass solar PV modules made up of tempered glass for roof installations. Also, offers monocrystalline and polycrystalline solar cells and solar modules.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 10k LinkedIn followers — 14.6% of this cohort's audience
Founders & team
Zilvinas PaliukasCEO
Investors
Europa
Tech stack
CloudflareCloudflare Browser InsightsCookiebotCore-JsFacebook PixelGoogle Analytics
#9
Funding Raised · Vilnius, Vilnius County · founded 2011
—raised
▾

Provider of solar panels and installation services

Founders & team
Tomas VaitiekunasCo-FounderAndrius KarazinasCEO
Investors
EIC Fund
Tech stack
AddtoanyBootstrapCloudflareCloudflare Bot ManagementComplianzContact Form 7
#10
Funding Raised · Vilnius, Vilnius County · founded 1995
—raised
▾

Provides indoor and outdoor energy efficient engineering services for buildings

Founders & team
Erika ValiunieneCEO

Funding & investor landscape

$56.2Mtotal disclosed funding
5companies funded
0disclosed rounds
0rounds last 90 days
Most active investors
EBRD3 rounds
Europa2 rounds
Banka Citadele1 rounds
Chevron1 rounds
ClimateLaunchpad1 rounds
EIC Fund1 rounds
Eiffel Investment Group1 rounds
European Investment Bank1 rounds
IFU1 rounds
ING1 rounds

Notable founders

Ruslanas Sklepovic
CEO · Green Genius
Ruslan Sklepovich
CEO · Green Genius
Natalja Haselton
CEO · LL Investitions
Gediminas Uloza
CEO · E Energija
Gintaras Lukosius
Managing Director · UAB Lignoterma
Thomas Haselton
CEO · UAB Minijos Nafta
Mindaugas Juodis
CEO · LT Energija
Darius Maikstenas
CEO · Ignitis Group
Irma Kaukienė
CEO at Ignitis Group Service Center · Ignitis Group
Zilvinas Paliukas
CEO · SoliTek
Tomas Vaitiekunas
Co-Founder · Solet
Andrius Karazinas
CEO · Solet
Prism market signals · Lithuania · country-scoped Prism corpus, 100,747 docs

Market landscape — 10 sub-themes by coverage

Share of Energy coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Lithuania

How research on Grid Energy Storage is moving in Lithuania

A read on the academic research around Grid Energy Storage — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 30 Lithuania-affiliated papers.

top research entities
  • Kaunas University of Technology15
  • Vilnius Gediminas Technical University4
  • Vilnius University2
  • Lithuanian Energy Institute2
  • Vytautas Magnus University2
leading researchers
T. Zdankus · Sandeep Bandarwadkar · Rameel, Muhammad Imran · Monastyreckis, Gediminas · Oliveira, Filipa M. · Wu, Bing · Šturala, Jiří · Gayathri Priya S.
▲ Breakthroughs7 · 23%
▲ 0%→32% share
0 median citations100% since 2021mostly methods-led
Breakthroughs are rising (0%→32% of field), led by Thermal.
rising sub-themes (early→recent)
  • Thermal2
  • Renewable energy2
  • Intercalation (chemistry)2
  • In situ2
  • Electrical conductor2
Landmark A case study of optimising energy storage dispatch: Convex optimisation approach with degradation considerations · 5 cites
◆ Advancements17 · 57%
▲ 0%→63% share
0 median citations100% since 2021mostly methods-led
Advancements are rising (0%→63% of field), led by Thermal energy storage.
rising sub-themes (early→recent)
  • Thermal energy storage5
  • Thermal5
  • Renewable energy3
  • Data transmission2
  • Transmission (telecommunications)2
Newly emergingThermal energy storage 0→5 · Thermal 0→5
Landmark Powering the Future by Iron Sulfide Type Material (FexSy) Based Electrochemical Mate · 54 cites
▼ Concerns5 · 17%
▲ 0%→5% share
5 median citations100% since 2021mostly empirical
Concerns are rising (0%→5% of field), led by Supercapacitor.
rising sub-themes (early→recent)
  • Supercapacitor2
  • Limiting1
  • Energy (signal processing)1
  • Production (economics)1
  • Energy system1
Landmark Progress and Perspectives on Promising Covalent‐Organic Frameworks (COFs) Materials for Energy Storage Capacity · 43 cites
RESEARCH HOTSPOTS · Lithuania

Where energy storage is researched across Lithuania

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Kaunas20 · +0.40
Opportunity · Supercapacitor
Vilnius8 · +0.45
Opportunity · Electricity

Common questions

How many Energy companies are there in Lithuania?
Radar tracks 47 indexable Energy companies headquartered in Lithuania that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Lithuania?
The Energy companies in Lithuania on this list have raised a combined $56.2M in disclosed equity funding across 5 funded companies.
Which is the highest-funded Energy company in Lithuania?
Green Genius is the highest-funded Energy company in Lithuania, with $23.1M in disclosed equity funding.
How many Energy companies in Lithuania are funded?
5 of the 47 Energy companies in Lithuania on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Lithuania?
None of the Energy companies in Lithuania on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Lithuania Energy companies?
The most active investors in Lithuania Energy companies on this list include EBRD, Europa, Banka Citadele, Chevron, ClimateLaunchpad.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

Coming soon