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Ignitis Group
AddedFeb 15, 2024
UpdatedJun 28, 2026
Ignitis Group

Ignitis Group

Operating

Ignitis Group: A Lithuanian state-run firm specializing in power, heat, and natural gas distribution.

Founded
1991
Location
Vilnius, Vilnius County, LT
Overview
Compare
Employees
Website

Ignitis Group, founded in 1991 and headquartered in Vilnius, Lithuania, is a state-controlled energy holding company. The company's core mission is to ensure sustainable and reliable energy solutions across the Baltic region and beyond. Ignitis Group specializes in the generation and distribution of electric power, heat, and natural gas, serving markets in Lithuania, Latvia, Estonia, Poland, and Finland. Their vision focuses on advancing green energy initiatives and enhancing energy security for the region.

Notable figures affiliated with Ignitis Group include CEO Darius Maikštėnas and Chairman of the Supervisory Board Alfonso Faubel. The company is publicly traded on the London Stock Exchange under the ticker IGNL. Key achievements include a revenue of €2.549 billion and a net income of €286.6 million in 2023. Ignitis Group has significantly impacted the energy sector by driving forward sustainable energy projects and ensuring energy reliability across multiple countries.

Ignitis Group - Quick Facts

When was Ignitis Group founded?

Ignitis Group was founded in 1991.

Where is Ignitis Group's headquarters located?

Ignitis Group's headquarters is located in Vilnius, Vilnius County, LT.

When was Ignitis Group's last funding round?

Ignitis Group's most recent funding round was for $225M (USD) in May 2023.

How much has Ignitis Group raised to-date?

As of May 2, 2023, Ignitis Group has raised a total of $225M (USD).

How many employees does Ignitis Group have?

Ignitis Group has 4,000 employees as of Feb 6, 2024.

Ignitis Group - Classification

Ownership
  • Government
Technology
  • Cleantech
Revenue
  • Recurring
Main Product
  • Energy
  • Power
Tags
  • Lithuania
  • Utility
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221200Natural Gas Distribution
  • 221210Natural Gas Distribution
SIC
  • 1300Oil And Gas Extraction
  • 1310Crude Petroleum And Natural Gas
  • 1311Crude Petroleum And Natural Gas
Show 6 more industry codes
NAICS
  • 221100Electric Power Generation, Transmission and Distribution
SIC
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services