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At the end of 2018, Ignitis Gamyba updated its operational strategy (hereinafter – the Strategy), based on the directions and guidelines established in Ignitis Group’s strategy LE 2030. The Company's Strategy 2019-2030 defines long-term business guidelines, vision, goals and performance indicators for the implementation of the Strategy.
In line with the Strategy, a three-year operational plan of the company is prepared, providing short-term and long-term measures necessary to implement the Strategy.
It is laid down in the new Strategy of Ignitis Gamyba that the principal activity of the company, driving further growth of the entire Group is strategic generation – maintaining, modernizing and developing reliable local power-generation capabilities. By implementing its key activity, Ignitis Gamyba seeks to fully contribute to the synchronization of the Baltic States with the Continental European grid system in 2025.
The Strategy highlights that Ignitis Gamyba will also seek to contribute to the implementation of LE 2030 strategy by developing green generation capabilities and energy innovations.
The company intends to participate in the development of Group's green generation capacity not only by using the existing hydro-power capabilities, but also by supplying the market with high-quality maintenance services for RES facilities. Moreover, Ignitis Gamyba has already started implementing solar-power and energy storage pilot projects – they will help the company to develop its current infrastructure.
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
AB Ignitis gamyba, a part of the Green Capacities and Reserve Capacities segments, 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.
AB Ignitis gamyba 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, Reserve 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.