Innovation

The Orlen Unipetrol Group, part of the Orlen Group, has recently entered into the segment of mechanical recycling by acquiring an Italian-Czech company REMAQ, a regional leader in recycling.

The Utena Battery Park in Lithuania is expected to be completed by the end of the year, as Energy cells, the operator of the electricity storage system, has recently delivered all the necessary equipment.

Greater cooperation, tailored education and better regulation are key to the future success of the EV battery sector in CEE, according to experts from the region and beyond.

Innovative systems designed to improve wind turbine performance and robotic solutions to handle industrial inspections are among the latest investments of ORLEN VC which specialises in promising technology startups.

Klaipėdos Nafta (KN) signed letters of intent with Akmenės Cementas and Orlen Lietuva for a joint feasibility study to assess the potential of liquefied CO2 capture and storage (CCS) technology for industrial companies in the country.

The Millennium Challenge Corporation signed an agreement with the President of Kosovo Vjosa Osmani for the amount of over 200 million US dollars, the largest investment in the energy sector in Kosovo.

Czech car maker Škoda Auto teamed up with leading universities to conduct research projects on the life cycle of batteries and boost domestic expertise in batteries. Vice-President of the European Commission, Maroš Šefčovič welcomed the initiative as a clear demonstration of Czechia's drive to succeed in the fast-growing battery sector after meeting the representatives of the stakeholders.

Research and innovation play a key role in building an inclusive, sustainable, competitive and resilient Europe. Overall, according to the 2022 edition of the SRIP report, the EU remains a strong player.

The core of the innovative solution of Finish start-up Polar Night Energy is its patented high-temperature large-scale heat storage, which can store renewable electricity for months at a time, overcoming a major hurdle in energy storage.

Lithuania’s President has invited US-based energy group Holtec International to invest in Lithuania and set up a service centre division.

Amber Grid has signed three contracts for the reconstruction of gas distribution stations in Kėdainiai, Vievis and Grigiškės.

The US National Renewable Energy Laboratory will shortly start working on a model for the transition of the Lithuanian energy sector to 100 per cent renewable energy.