KN Energies receives funding for the deployment of electricity storage systems

KN Energies, with the aim of promoting the optimization of renewable energy infrastructure and the efficient use of energy resources, submitted an application to the Lithuanian Energy Agency and secured funding for the implementation of a project under Call No. 03-009-J-0001-J06 “Investment Support for Individual Electricity Storage Devices.”

The funding will be used for the acquisition and installation of a lithium iron phosphate electricity storage system at the Subačius liquid energy products terminal. KN Energies intends to complete the project by March 31, 2026.

The project is being implemented under the Recovery and Resilience Plan “New Generation Lithuania”, financed by the European Union through the Recovery and Resilience Facility NextGenerationEU.

KN Energies is an international energy terminal operator that ensures safe and reliable flows of liquid energy products and liquefied natural gas (LNG) for users in the Baltic Sea region. The company helps clients worldwide develop sustainable energy infrastructure projects with its knowledge and skills. KN Energies currently operates three liquid energy product terminals in Lithuania and operates LNG terminals in Lithuania, Germany, and Brazil. Additionally, it provides commercial operation services for four floating LNG terminals in Germany.