About the Company

The principal role of Energy Cells, the operator of the electricity storage facilities, is to ensure the provision of the isolated standby power system operation service to Litgrid, the transmission system operator, which creates the conditions for reliable, stable and user-friendly operation of the Lithuanian power system until the completion of the CEN synchronisation project. Energy Cells provides this service at a full planned capacity of 200 MW from October 2023. 

The system of electricity storage facilities managed by the company consists of four battery farms with an equal
capacity of 50 MW and power of 50 MWh each in Vilnius, Šiauliai, Alytus and Utena districts. The operation of the
system consisting of four battery parks is monitored without interruption (24/7) from a control centre in Vilnius. In the event of disruptions in the transmission system network, the energy storage system can automatically, within 1 second, respond to the transmission system operator Litgrid’s need to ensure the security and stability of the electricity system by injecting or withdrawing power into or out of the network, thereby helping to regulate the frequency of the transmission system’s network. Once activated, the instant energy reserve service would continue to be available until the start-up of power generation sources of the other market participants.

UAB Energy Cells, a 100% subsidiary of the EPSO-G Group, was established in January 2021.

Organisational structure

energy_cells_icon_01
Energy cells Organisational structure
Energy cells Organisational structure

CEO of Energy Cells

Rimvydas Štilinis
CEO

Rimvydas Štilinis has been the CEO of Energy cells since January of 2021.

Other duties

No other duties.

Education

Kaunas University of Technology, Master’s Degree in Electronics and Electrical Engineering.

Expertise

Rimvydas Štilinis
CEO

Rimvydas Štilinis has been the CEO of Energy Cells since January of 2021.

Other duties
No other duties.

Education

Kaunas University of Technology, Master’s Degree in Electronics and Electrical Engineering.

Expertise

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 

Expertise

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 

Expertise

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.

Expertise

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.

Expertise

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).

Expertise

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).

Expertise

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