A Lithuanian industrial company participating in the EU Emissions Trading System (EU ETS) (name confidential) is implementing a systematic industrial decarbonisation programme with ProBaltic Consulting — €6.4 million secured across three projects from the Modernisation Fund and environmental programmes.
| Client | Industrial company, EU ETS participant (confidential) |
|---|---|
| Field | Renewable energy & climate tech |
| Funding sources | Modernisation Fund, environmental investment fund |
| Grant amount | €6,407,340 (three projects) |
| Period | 2021–2024 |
| Services provided | Instrument selection, application drafting, project administration |
Challenge
For EU ETS participants, rising allowance prices feed directly into production costs, while Fit for 55 accelerates the clean transition. The company needed to cut greenhouse gas (GHG) emissions on several fronts at once: energy efficiency, renewable energy deployment and technological emissions reduction.
Solution
ProBaltic Consulting sequenced three funded projects: energy-efficiency-enhancing production technologies (€3.7M), renewable energy deployment (€2.5M) and volatile organic compound emission reduction measures (€0.2M) — preparing each application and steering the projects to grant agreements.
Results
- €6.4 million in non-dilutive support across three projects;
- Low-carbon technologies cutting both energy costs and GHG emissions;
- A credible climate neutrality trajectory aligned with the European Green Deal.
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.