What does Reon do?

REON is a renewable energy management solutions provider, and our vision is to accelerate the universal adoption of renewable energy systems, helping to build a sustainable future. REON is strongly committed to supporting the goal of global Net-Zero carbon emissions by 2050.

Is Lithuania a net energy importer?

Lithuania is a net energy importer. In 2019 Lithuania used around 11.4 TWh of electricity after producing just 3.6 TWh. Systematic diversification of energy imports and resources is Lithuania's key energy strategy. Long-term aims were defined in the National Energy Independence strategy in 2012 by Lietuvos Seimas.

Which natural gas companies are in Lithuania?

Natural gas companies in Lithuania include Lietuvos Dujos and Ignitis. In 2021 Lithuania used coal to generate 2% of the country's electricity. Renewable energy includes wind, solar, biomass and geothermal energy sources.

Which power plant provides energy storage in Lithuania?

Kruonis Pumped Storage Plant provides energy storage, averaging electrical demand throughout the day. The pumped storage plant has a capacity of 900 MW (4 units, 225 MW each). Kaunas Hydroelectric Power Plant has 100 MW of capacity and supplies about 3% of the electrical demand in Lithuania.

Why is Lithuania investing in alternative energy import routes?

This is because ever since the reestablishment of its independence, Lithuania has been investing in alternative energy import routes. These included the development of the Būtingė oil terminal, the electricity interconnections NordBalt and LitPol Link, the Klaipėda LNG terminal and the Gas Interconnection Poland–Lithuania.

Will Lithuania create a green hydrogen system?

Lithuania has allocated €50m to create a green hydrogen system of 65 megawatts (MW) with an annual volume of more than 8,000 tons, to be completed by 2027. Visaginas 's Ignalina Nuclear Power Plant once provided 70% of Lithuania's electricity and exported energy to elsewhere in the Soviet Union.