Daivis Virbickas

Energy expert, experienced CEO, Board member

📍 Lithuania, Lithuania🔄 Updated September 2026💼 2 investments📅 10 years investing🗓 Last invested Jun 2019
Angel investor🌍 Lithuania
2
Total investments
0
Early stage
0
Mid stage
1
Late stage
10y
Years active

Portfolio

2 investments · sorted by recency
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Mid stage
Late stage
Member of the Board
Jun 2019
ENTSO-E, the European Network of Transmission System Operators, represents 39 electricity transmission system operators (TSOs) from 35 countries across Europe, thus extending beyond EU borders. ENTSO-E was established and given legal mandates by the EU’s Third Package for the Internal Energy Market in 2009, which aims at further liberalising the gas and electricity markets in the EU. Due to unbundling and the liberalisation of the energy market, the transmission system has become the meeting place in which the various players interact. ENTSO-E members share the objective of completing and ensuring the optimal functioning of the internal energy market. They also support the ambitious European energy and climate agenda. Through deliverables such as long-term network development plans (TYNDPs), pan-European network codes, coordination of research and development plans, EU-wide system adequacy, etc, ENTSO-E is contributing to building one of the world’s largest integrated electricity market, the benefits of which will not only be felt by all those in the energy sector, but also by Europe’s overall economy, today and into the future.
CEO, Member of the Board
Aug 2016
Litgrid is one of the key companies in the national electricity sector – the operator of the electricity transmission system, managing the flow of electricity across Lithuania. We maintain the stable operation of the national electricity network, ensuring the reliable, efficient, high-quality, transparent and safe transmission of electricity. As a company, we implement and manage complex infrastructure and strategic projects of both European and national significance. The NordBalt link with Sweden and the connection with Poland, LitPol Link, were implemented at the end of 2015. Another strategic project, Harmony Link, is currently in the process of implementation. We are also in charge of another power transmission infrastructure project of national significance – the synchronisation of the Lithuanian electricity network with the Continental European grid. This is a key milestone in Litgrid’s 2017–2026 strategy, which sets out our main priorities: integration with European electricity systems, the liberalisation of the electricity market, sustainable development of the transmission grid, the adoption of international standards and best practices, as well as the development of an advanced and modern organisation. At Litgrid, we believe in cooperation, professionalism and progress. These are our core values. Our ambitious vision is to become Europe‘s smartest transmission system operator. #smartestTSO Established in 2010, Litgrid employs 300 professionals in electrical engineering, engineering infrastructure, project management and other disciplines. We are an active member of ENTSO-E, the network of European electricity transmission system operators.
Experience · 2 entries
All (2)
Investments (2)
Board (2)
2019
Member of the Board
Jun 2019
ENTSO-E, the European Network of Transmission System Operators, represents 39 electricity transmission system operators (TSOs) from 35 countries across Europe, thus extending beyond EU borders. ENTSO-E was established and given legal mandates by the EU’s Third Package for the Internal Energy Market in 2009, which aims at further liberalising the gas and electricity markets in the EU. Due to unbundling and the liberalisation of the energy market, the transmission system has become the meeting place in which the various players interact. ENTSO-E members share the objective of completing and ensuring the optimal functioning of the internal energy market. They also support the ambitious European energy and climate agenda. Through deliverables such as long-term network development plans (TYNDPs), pan-European network codes, coordination of research and development plans, EU-wide system adequacy, etc, ENTSO-E is contributing to building one of the world’s largest integrated electricity market, the benefits of which will not only be felt by all those in the energy sector, but also by Europe’s overall economy, today and into the future.
2016
CEO, Member of the Board
Aug 2016
Litgrid is one of the key companies in the national electricity sector – the operator of the electricity transmission system, managing the flow of electricity across Lithuania. We maintain the stable operation of the national electricity network, ensuring the reliable, efficient, high-quality, transparent and safe transmission of electricity. As a company, we implement and manage complex infrastructure and strategic projects of both European and national significance. The NordBalt link with Sweden and the connection with Poland, LitPol Link, were implemented at the end of 2015. Another strategic project, Harmony Link, is currently in the process of implementation. We are also in charge of another power transmission infrastructure project of national significance – the synchronisation of the Lithuanian electricity network with the Continental European grid. This is a key milestone in Litgrid’s 2017–2026 strategy, which sets out our main priorities: integration with European electricity systems, the liberalisation of the electricity market, sustainable development of the transmission grid, the adoption of international standards and best practices, as well as the development of an advanced and modern organisation. At Litgrid, we believe in cooperation, professionalism and progress. These are our core values. Our ambitious vision is to become Europe‘s smartest transmission system operator. #smartestTSO Established in 2010, Litgrid employs 300 professionals in electrical engineering, engineering infrastructure, project management and other disciplines. We are an active member of ENTSO-E, the network of European electricity transmission system operators.