A large Lithuanian industrial company (name confidential), supported by ProBaltic Consulting, secured a €15 million grant to develop renewable hydrogen production capacity — one of Lithuania’s largest industrial decarbonisation projects, financed by the Modernisation Fund, a climate fund fed by EU Emissions Trading System (EU ETS) revenues.
| Client | Industrial company (confidential) |
|---|---|
| Field | Renewable energy & climate tech |
| Funding source | Modernisation Fund (EU ETS revenues) |
| Grant amount | €15,000,000 |
| Year | 2023 |
| Services provided | Eligibility assessment, application drafting, State aid argumentation |
Challenge
Energy-intensive industry faces the strictest greenhouse gas (GHG) emissions reduction requirements under the European Green Deal and the Fit for 55 package. The company needed to replace fossil-based hydrogen with a low-carbon alternative without pushing production costs to uncompetitive levels.
Solution
ProBaltic Consulting prepared the application for renewable hydrogen electrolysis capacity: we substantiated the project’s contribution to climate neutrality, quantified the GHG emissions reduction and aligned State aid questions with the financing institution.
Results
- €15 million non-dilutive grant awarded;
- Renewable hydrogen production capacity under construction, cutting fossil fuel dependence;
- A significant annual CO₂ emissions reduction, advancing the company’s clean transition.
Planning decarbonisation investments?
ProBaltic Consulting has prepared projects worth more than €250 million since 2007 — including Lithuania’s largest industrial decarbonisation, renewable energy and energy efficiency projects — securing over €90 million in non-dilutive grants. Learn about our grant acquisition services or contact us for a free eligibility assessment.