Another order for battery trains for Škoda Group. Up to 16 units will be delivered to Latvia

Latvia is preparing for another significant step in the modernisation of its rail transport. Autotransporta direkcija (ATD) announces that Škoda Group has been awarded with the contract to supply up to 16 battery electric multiple units (BEMUs) for regional transport.

The value of the contract comprising of the base delivery of nine trains, an option for seven additional vehicles, spare parts and training is nearly EUR 160 million. The first vehicles are scheduled to be deployed in the first half of 2029. Following the successful launch of battery trains in the Czech Republic at the turn of 2024 and 2025 and the signing of a contract for up to 36 battery trains for Slovakia, this is another order for the Škoda Group for this type of vehicle.

The units will also be the first Škoda Group battery-powered vehicles designed for a 1,520 mm gauge. They represent the next evolution of the successful platform of single-deck regional trains developed for the Baltic markets. The project is financed by the state budget of Latvia and EU Cohesion Funds, which are supporting the development of modern zero-emission mobility in Latvia.

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Originally published on 11 Dec

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A measure to support energy storage is being planned as part of the coalition agreement

By Zero Terrain 27 January 2025

The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.

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Originally published on 27 Jan

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Estonia Launches €100M Defence Fund

By The Estonian Ministry of Economic Affairs and Communications 21 January 2025

The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.

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Originally published on 21 Jan

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Energiø Bornholm has every chance of becoming a good business for Denmark

By Baltic Energy Island 16 January 2025

Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.

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Originally published on 15 Jan

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Hollister Incorporated boosts Lithuanian presence with 100 new hires

By Invest Lithuania 14 January 2025

US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.

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Originally published on 14 Jan

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Estonia opened Business Hub in Washington D.C.

By Trade with Estonia 17 October 2024

Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.

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Originally published on 17 Oct

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