28-03-2024

A. Armonaitė met with fast-growing technology company PVcase

The Minister of the Economy and Innovation Aušrinė Armonaitė met with PVcase, a Lithuanian renewable energy technology start-up that develops world-renowned software solutions for solar park design, to discuss the prospects of the sector and the company's development plans.

"PVcase is one of the success stories of the Lithuanian technology sector - its solutions are already globally competitive and are attracting foreign investors who are creating the conditions for even faster growth. The high value-added jobs created by innovative companies and the innovations they develop strengthen our technology sector as a whole, so we will continue our efforts to ensure that start-ups have every opportunity to grow," said the Minister of the Economy and Innovation A. Armonaitė.
 
The start-up PVcase, or PhotoVoltaic Computer Aided Solar Engineering, was established in 2018. The company provides software solutions for solar energy projects, covering all design processes and phases. In the few years since its establishment, the company has grown rapidly and has become a global leader in software for solar park design. 

In 2023, the company has secured $100 million in investment from US funds for further expansion and development of its software solutions. Earlier this year, the Financial Times listed PVcase as one of Europe's fastest growing companies. PVcase was named Startup of the Year at the Vilnius TechFusion Startup Awards.