NGEN Group invests in Latvia

Slovenia's NGEN Group is entering the Latvian market with a €50 million investment. The company has acquired 100% of shares in SIA "Liepāja ESS" and will independently realize a 100 MW/200 MWh energy storage project, slated for launch by the end of 2026. Located at the Grobiņa substation in the Dienvidkurzeme region, this stand-alone BESS will connect directly to the transmission grid operated by Augstsprieguma tīkls AS, marking the first project of its kind in the Baltics with such a connection model. The Grobiņa facility will also be the region's first to utilize Tesla Megapack technology, aimed at enhancing grid balancing, stability, and flexibility. NGEN Group's CEO, Roman Bernard, stated that Latvia is an attractive market due to its clear regulations and ambitious energy goals, and that this project strengthens system security and market efficiency. The investment relies on supply chains from NATO countries, with key technological components sourced from the United States