Slovenian energy company NGEN is entering the Latvian market with a €50 million investment in a large-scale battery energy storage facility. Through the acquisition of SIA Liepaja ESS, NGEN will develop a 100 MW / up to 200 MWh system designed to improve Latvia’s grid stability and support the growing share of renewable electricity.

The project, based on Tesla Megapack technology, is planned for completion and grid connection by the end of 2026. It will enhance Latvia’s and the wider Baltic region’s ability to balance electricity supply and demand, while also strengthening energy security through supply chains sourced from NATO countries and allied partners.

The new system is expected to support the ongoing integration of the Baltic states into the European continental electricity grid, following their withdrawal from the Russia‑controlled BRELL network.

NGEN, headquartered in Slovenia and active across several European markets, continues to expand rapidly. The company reported €98 million in revenue in 2024 and plans to invest over €1 billion in Europe by 2030.