Core Insights - The Group has made final investment decisions on three battery energy storage system (BESS) projects in Lithuania, totaling 291 MW power and 582 MWh storage capacity [1][2] - The projects are strategically located near existing wind farms and a pumped storage hydroelectric power plant, enhancing renewable energy integration [2] - The total investment for these projects is approximately EUR 130 million, with construction expected to start in 2025 and commercial operation date (COD) estimated for 2027 [5] Investment and Funding - The Group's subsidiaries have applied for state-aid from a EUR 102 million fund for BESS projects, with a 500 MWh cap per entity [3] - The investment decisions align with the Group's objective to increase its Green Capacities from 1.4 GW in 2024 to 4–5 GW by 2030 [6] Renewable Energy Strategy - The Group emphasizes the growing role of renewable energy sources in electricity generation and the importance of BESS in stabilizing the energy network [4] - BESS technology allows for energy storage during peak production times and usage during high demand, contributing to a sustainable energy future [4]