Lietuvos Energija is one of the biggest energy groups in the Baltic States, working in energy distribution, generation, services and other areas. The LE group owns and operates Lithuania’s main power plants and nation-wide distribution network, ensuring security of energy supply and services for more than 1.6 million consumers in the country. It also provides electricity supply services to customers abroad, and operates 8,500 kilometres of gas distribution pipelines to supply natural gas to more than 570,000 customers.
The trust that the “Smart Energy Fund powered by Lietuvos Energija” has shown in investing in PVcase has enabled our business to continue expanding. The fund’s management is exemplary in terms of delivering on partnership and building confidence. We at PVcase highly recommend both the fund and Lietuvos Energija as trustworthy partners in business.
Voltaware has worked with Lietuvos Energija on the challenge of applying machine learning to smart meter data in order to break down electricity bills appliance by appliance. This is key for helping people increase their energy efficiency.
Throughout the project, the sandbox team showed great availability and keen interest in getting the best-possible outcomes.
As a result of this fruitful collaboration, Lietuvos Energija went on to invest in Voltaware and support the transition toward a greener society.
Contrarian Ventures is excited to be at the forefront of the new energy revolution with such a strong and agile partner as Lietuvos Energija. Through the Smart Energy Fund powered by LE, we are investing in some of Europe’s most innovative early-stage energy sector startups. Startups that are challenging the status quo in energy markets need to pick partners as agile as they are, and Lietuvos Energija has shown itself to be a prime European partner for win-win collaboration in such ventures.
The main purpose of this website is to give you direct access to our open innovation ecosystem through a simplified application process. You can apply under one of our four partnership domains:
Open Funding: For early-stage (seed and pre-seed) companies seeking financial input. Applications are reviewed by Lietuvos Energija and Contrarian Ventures to assess your fit for our Accelerator One and/or Smart Energy Fund programmes.
Open Infrastructure: For companies and individuals looking to do proofs of concept or test new technology under real-life conditions. Gain access to one of the biggest energy infrastructure sandbox platforms in the world and tap into our power generation, distribution and other assets. Free of charge!
Open Partnership: Our partnership programme targets utilities and research institutions looking to do collaborative R&D and joint piloting projects.
Open Culture: Sign up to register as a candidate for our open culture events (hackathons) which take place twice a year. Time and place are typically announced several weeks in advance to those who have expressed interest!
Simply put – everyone. Whether you are a big company or a small one or an individual with a great idea, we encourage you to get on board! Here’s a short description of our partners by domain:
Open Funding: Early-stage startups seeking investment or accelerated growth.
Open Infrastructure: Companies and individuals that are designing and developing innovative solutions, including technology startups, universities and science centres. Ideal for doing your proof of concept!
Open Partnership: Primarily aimed at other utilities and R&D entities (universities, research institutes, etc.).
Open Culture: You can register for upcoming hackathons as an individual and get assigned to a team, or you can sign up and come as a team!
When you submit an application, the LE innovation team will respond within a couple of business days to confirm receipt and outline the next steps. Then we will fully evaluate the application with an eye to signing a cooperation agreement, which typically takes several weeks.