Investment & Fund Management

Energus, an energy efficiency services company based in Lithuania, faced significant challenges as the country transitioned away from nuclear power in 2011, leading to increased electricity prices and a pressing need for intelligent energy solutions. Founded by Povilas Sidlauskas, the company aimed to provide affordable, safe, and environmentally friendly energy management services for large buildings, including shopping centers and supermarkets. As Energus grew from 5 employees in 2011 to 120 by 2018, the company encountered cash flow pressures due to the need for substantial inventory investments, such as materials for energy management system installations.

To address these financial challenges and support its expansion, Energus secured an EU-guaranteed loan from Swedbank, facilitated by the European Investment Fund (EIF) under the EU’s Investment Plan for Europe. This financial backing was crucial for the company, allowing it to scale operations and increase its workforce from approximately 60 to 120 employees. Energus is now not only focused on energy efficiency but is also branching into innovative projects, such as developing smart lithium-ion batteries and automated recycling technologies. The company’s commitment to energy efficiency and sustainability positions it as a leader in the Lithuanian market, with aspirations to export its technology internationally.