Cleantech investment opportunities in Lithuania’s innovation ecosystem

The Cleantech industry in Lithuania is underpinned by the country’s commitment to sustainability. This is a country, after all, which has pledged to be generating 100% of the country’s electricity from renewable sources by 2050. That’s not all. The Government has introduced ambitious energy efficiency targets, and is looking to reduce GHG emissions by 70% by 2030, well in advance of the 55% that has been set as the EU goal. This puts the country well ahead of the targets set for the EU by the UN Development Programme. But this is only part of the picture, the country is also looking to become a net renewable energy exporter by 2030. 

Startups leading Lithuania’s cleantech innovations

With approximately 60 renewable energy startups working on energy efficiency, transport and industrial solutions, Lithuania is building the kind of ecosystem that is primed to support eco-friendly technologies. That might go some way to explaining why VC investing in the Lithuania Cleantech sector has seen a 70% year on year growth in investment, with investment reaching 110.35M EUR in 2023. This bucks broader European trends, where green investment decreased 6.5% year on year in 2025, according to BloombergNEF data. Indeed it all adds up to a positive picture going forward, with €10 billion in green energy investments expected by 2030, including about €3.5 billion from the private sector.

Supporting green technology in Lithuania

Making such cleantech growth possible are the many partnerships and support regimes that are available. Large scale projects worth 20 million euros or more qualify for the government’s green corridor initiative. Here companies enjoy fast-tracking for their projects, with 0% corporate tax for 20 years, streamlined planning, and faster decision-making from public authorities, ensuring smoother setup and long-term success. 

That’s not all, entrants to Lithuania’s cleantech industry can benefit from Free Economic Zones providing 0% corporate tax for 10 years with dividend and real estate tax exemptions, while the Invest LT+ program supports long-term assets and workplace creation. Additionally, there is the LT100 Green Investment Support, which has allocated €696 million to expand renewable energy startups and green technology development in Lithuania.

Meanwhile, companies aiming to pursue cleantech innovation can access R&D grants, tax exemptions, streamlined regulatory processes, and case-by-case state funding. Cleantech innovation is further boosted by the Patent Box incentive offering a reduced 6% tax rate on IP-based revenues, encouraging sustainable energy solutions.

Talent driving innovation

Lithuania boasts a robust university infrastructure with 4 major universities nurturing engineering talent: Vilnius University, VILNIUS TECH, Kaunas University of Technology, and Klaipėda University. Meanwhile, with the country ranking 5th in the EU for STEM graduates, and 2nd globally for digital skills availability, means that it can provide the kind of talent needed for driving innovation in sustainability solutions. The country is also riding high when it comes to gender inclusion, currently ranking 1st in the EU for gender diversity in technical fields (56% of scientists and engineers are women).

Success stories driving Lithuania cleantech innovation: Klaipėda Port Electrolyser

With plans to commission by 2026, Lithuania is implementing the Klaipėda Port Electrolyser project as part of its initiatives to harness green hydrogen technology. This project will pave the way for Lithuania’s first hydrogen fueling station in Klaipėda City for use in public transport and industrial vehicles, which will fortify the national green energy infrastructure. A hydrogen production facility with a 2 megawatt electrolyser system will be capable of yielding up to 300 tons of green hydrogen annually. This endeavor marks the first milestone in the long-term hydrogen development plan for Lithuania, which aims to catapult green hydrogen production to 129,000 tons annually by 2030 to enhance the nation’s position as a key player in the European energy market.

A supportive community for the development of Cleantech in Lithuania

Lithuania provides a supportive ecosystem for sustainable innovation and growth through startup accelerators, incubators, and organizations like the Sunrise Valley Science and Technology Park and Cleantech Cluster Lithuania. The latter unites 44 local and international companies working across the diversity of Cleantech solutions and services including renewable energy leaders like Ignitis, environmental service provider Rokvesta, biotechnical soil supplement manufacturer Bioversio, solar panel manufacturer Saules Graza, renewable energy developer Solitek, and biomass producer association Litbioma.