- Business
- Litgrid AB is a Lithuania-based electricity transmission system operator responsible for the management, operation, and development of the national electricity transmission grid, as well as the strategic integration of the Lithuanian power system into the European electricity infrastructure. Founded in 2010 and headquartered in Vilnius, Lithuania, the company operates as a core subsidiary of the state-owned energy holding group EPSO-G UAB and trades publicly on Nasdaq Vilnius under the ticker symbol LGD1L. Litgrid AB provides a comprehensive suite of transmission, balancing, and market facilitation services, which includes high-voltage electricity transmission across 110 kV, 330 kV, and 400 kV overhead lines, underground cables, and transformer substations; real-time power system dispatching, monitoring, and frequency control to maintain continuous equilibrium between electricity generation and consumption; cross-border electricity transmission, capacity allocation, and congestion management via strategic international interconnectors, including LitPol Link to Poland, NordBalt to Sweden, and regional connections with Latvia and Estonia; procurement and provision of system ancillary services, such as frequency containment reserves, automatic and manual frequency restoration reserves, and black-start capabilities; grid access, engineering connection, and capacity integration services for electricity distribution operators, heavy industrial end-users, and utility-scale renewable energy projects, including onshore wind farms, solar photovoltaic parks, and upcoming offshore wind installations; electricity market facilitation and cross-border trade support in cooperation with the Nord Pool power exchange and regional coordination centers; and specialized high-voltage electrical equipment installation, substation construction, maintenance, and testing services operated primarily through its subsidiary, Tetas UAB. In recent operational and strategic developments, Litgrid AB has spearheaded major infrastructure programs to achieve the complete synchronization of the Baltic electricity grid with the Continental Europe Synchronous Area, alongside the formal disconnection from the Russian-controlled BRELL network. In partnership with Polish transmission system operator PSE, the company restructured the cross-border Harmony Link project into an overland transmission link routed along the Rail Baltica corridor to optimize capital expenditure and execution timelines. Litgrid AB has also commissioned multiple utility-scale synchronous condensers across key transmission hubs in Telšiai, Alytus, and Vilkaviškis to deliver essential grid inertia and voltage support, while actively integrating grid-scale battery energy storage systems and executing widespread transmission network reinforcements to accommodate high volumes of renewable power generation.