About the Company
In July of 2021, the Government of the Republic of Lithuania appointed Energy Cells as the operator of the storage facilities for the provision of electricity from the instantaneous isolated mode reserve and entrusted it with the operation of the system of electricity storage facilities.
Lithuania’s system of electricity storage facilities will ensure the security of Lithuania’s energy system and the possibility to operate in an isolated mode.
The energy storage system, which will ensure the operation of the instantaneous isolated mode electricity reserve for Lithuania before the synchronisation with the continental European networks (CEN), will be used for the integration of energy generated from renewable energy sources after the synchronisation.
UAB Energy Cells, a 100% subsidiary of the EPSO-G Group, was established in January 2021.
Organisational structure
CEO of Energy Cells
Rimvydas Štilinis
CEO
Rimvydas Štilinis has been the CEO of Energy cells since January of 2021.
Other duties
Member of the Board of the Ignalina Nuclear Power Plant since March of 2020.
Education
Kaunas University of Technology, Master’s Degree in Electronics and Electrical Engineering.
Rimvydas Štilinis
CEO
Rimvydas Štilinis has been the CEO of Energy Cells since January of 2021.
Other duties
Member of the Board of the Ignalina Nuclear Power Plant since March of 2020.
Education
Kaunas University of Technology, Master’s Degree in Electronics and Electrical Engineering.
The Board
Paulius Butkus
Start date of tenure as a Chairman of the Board is May 11th, 2023
Other duties
Head of Group Development and Innovation of EPSO-G UAB since February 2023.
Member of the Board of AB Amber Grid since April 2023.
Education
Vilnius Gediminas Technical University, PhD, Electrical and Electronics Engineering
P. Butkus does not own any shares in Energy cells.
Paulius Butkus
Start date of tenure as a Chairman of the Board is May 11th, 2023
Other duties
Head of Group Development and Innovation of EPSO-G UAB since February 2023.
Member of the Board of AB Amber Grid since April 2023.
Education
Vilnius Gediminas Technical University, PhD, Electrical and Electronics Engineering
P. Butkus does not own any shares in Energy Cells.
Dovilė Kapačinskaitė
Start date of tenure as a Member of the Board is April 13th, 2022
Other duties
Ministry of Energy of the Republic of Lithuania, Senior Adviser of the Strategic Transitions Management Group since May 2019.
Education
Vilnius University, Master of Laws.
D. Kapačinskaitė does not own any shares in Energy cells.
Dovilė Kapačinskaitė
Start date of tenure as a Member of the Board is April 13th, 2022
Other duties
Ministry of Energy of the Republic of Lithuania, Senior Adviser of the Strategic Transitions Management Group since May 2019.
Education
Vilnius University, Master of Laws.
D. Kapačinskaitė does not own any shares in Energy Cells.
Darius Klimašauskas
Start date of tenure as a Independent Board Member is April 13th, 2022
Other duties
Consulting company Talisman, independent consultant since 2020.
Member of the Association of Financial Analysts (FAA) in Lithuania.
Education
Vilnius University, Master of Economic Analysis and Planning (Faculty of Economics) and Minor of Mathematical Economics (EuroFaculty).
D. Klimašauskas does not own any shares in Energy cells.
Darius Klimašauskas
Start date of tenure as a Independent Board Member is April 13th, 2022
Other duties
Consulting company Talisman, independent consultant since 2020.
Member of the Association of Financial Analysts (FAA) in Lithuania.
Education
Vilnius University, Master of Economic Analysis and Planning (Faculty of Economics) and Minor of Mathematical Economics (EuroFaculty).
D. Klimašauskas does not own any shares in Energy Cells.
Articles of association
We invite you to familiarise with the articles of association of Energy Cells.
Authorised capital
Shareholder of the company
Number of shares
Nominal share value, EUR
Share capital, EUR
Managed share capital, %
UAB „EPSO-G“
126 000
1.00
126 000
100