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Andrius Kavaliauskas to replace UAB “Ignitis” CEO Artūras Bortkevičius after the end of his term  

The Board of UAB “Ignitis”, a subsidiary directly controlled by Ignitis Group, a leading integrated energy group in the Baltic region (hereinafter – the Group), has approved the candidacy of Andrius Kavaliauskas for the position of CEO of UAB “Ignitis”. Andrius Kavaliauskas, the current Head of B2C at the company, will replace the company's CEO Artūras Bortkevičius, whose term of office expires on 9 July 2026. The final decision on the appointment of Andrius Kavaliauskas to the position of CEO of UAB “Ignitis” is planned to be made by 9 July 2026, following the completion of the mandatory impeccable reputation verification procedure.

Forward Named 2026 Fortune Best Workplaces in the Bay Area for Third Consecutive Year

SANTA CLARA, Calif., June 15, 2026 /PRNewswire/ -- Great Place To Work® and Fortune magazine have honored Forward (formerly Forward Networks) as one of this...

Forward Named 2026 Fortune Best Workplaces in the Bay Area for Third Consecutive Year

SANTA CLARA, Calif., June 15, 2026 /PRNewswire/ -- Great Place To Work® and Fortune magazine have honored Forward (formerly Forward Networks) as one of this...

GENERATIONS OF CELEBRATION: America’s Fireworks Families Prepare to Help the Nation Celebrate America 250

SOUTHPORT, N.C., June 15, 2026 /PRNewswire/ -- As America prepares to commemorate its 250th anniversary in 2026, the American Pyrotechnics Association (APA) is celebrating...

Amcor announces key leadership appointments to accelerate growth

Ryan Yost appointed Division President, Global Flexible Packaging SolutionsKate Pearlman appointed Senior Vice President, Investor Relations & TreasuryZURICH, June 15, 2026 /PRNewswire/ -- Amcor...

Alto Ingredients, Inc. Completes Transaction to Monetize All 2025 45Z Clean Fuel Production Tax Credits

PEKIN, Ill., June 15, 2026 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced that it has completed a sale transaction with a third-party corporate buyer for all of Alto Ingredients’ 2025 Section 45Z Clean Fuel Production Tax Credits generated from its low-carbon ethanol production.

ODNB Financial Corporation and National Capital Bancorp, Inc. Announce Merger of Equals Creating a Top Tier Community Bank Headquartered in Washington, D.C. with Approximately...

Highlights of the Announced Transaction:Will create a bank holding company with approximately $2.4 billion in assets and 10 branches across Washington, D.C., Virginia, Maryland,...

Four Republic Services Employees Named Industry’s Best at 2026 National Waste & Recycling Association’s Awards Gala

National Waste & Recycling Association recognized two company drivers, an operator and a technician for outstanding safety, performance and servicePHOENIX, June 15, 2026 /PRNewswire/...

Quebecor Out-of-Home Integrates Vividata Spatial into Connect Platform

Integration brings deeper audience intelligence to out-of-home planning, targeting and campaign performance across Quebecor’s Out-of-Home network
Integration brings deeper audience intelligence to out-of-home planning, targeting and campaign performance across Quebecor’s Out-of-Home network

The Rise of Structured Early-Stage Models in Philly: Elevating Innovative Ideas and Leading Early-Stage Investment

In a capital-constrained market with selective investment, Keiretsu Forum-MST is demonstrating how discipline produces investable companies.

Enphase Energy Appoints Shanker Trivedi to Board of Directors

FREMONT, Calif., June 15, 2026 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the appointment of Shanker Trivedi to its board of directors, effective immediately.

iSpring Celebrates Father’s Day with Practical Water Filter Systems for Dad’s Health and Everyday Enjoyment

iSpring Celebrates Father’s Day with Practical Water Filter Systems for Dad’s Health and Everyday Enjoyment

Blue Energy and Calcuta Resources Form Joint Venture to Build an Oklahoma Carbon-Storage Platform

Anadarko Basin project pairs continued American oil production with permanent CO₂ storage — Blue Energy’s first U.S. operation and the foundation of a new Carbon-Neutral Division

Statkraft to pump more water into Blåsjø reservoir

(Oslo, 14 June 2026) – Statkraft has decided to build the Blåfjell Pump, which will channel more water directly into Blåsjø, Norway’s largest hydropower reservoir. This will increase production in the Ulla-Førre power plants by 54 GWh. Four local and regional suppliers have been awarded contracts worth a total of NOK 250 million.

Thee four construction contracts have been awarded to contractors from Karmøy, Suldal, Voss and Grenland. Work on the pumping facility starts already this week.

Norway’s battery
Blåsjø is Norway’s largest “hydropower battery”, where water can be stored for several years to balance out weather-related variations between dry and wet years. The reservoir stretches across Ryfylke and Setesdal and is Norway’s largest reservoir in terms of stored energy.

In Hjelmeland municipality, just west of Blåsjø, there are three smaller lakes whose water currently flows down to Stølsdal power plant at a lower level in the Ulla-Førre system. Due to flood losses and constraints in this watercourse, the water can be used much more efficiently by instead being lifted around 60 metres up into the Blåsjø reservoir. The measure will increase electricity production in the NO2 price area by 54 GWh, equivalent to the annual electricity consumption of around 2,700 Norwegian households.

“Finally, after many years of planning and adjustments, we have found a profitable way to carry out the project. Getting more water into Blåsjø is perhaps one of the most valuable things we can do for society, because the reservoir can store the water for several years and we increase generation in existing hydropower plants. In this way, significantly more energy can be generated from an already developed system, with limited additional impact on nature,” says Executive Vice President for Development in Statkraft, Pål Otto Eide.

Statkraft recently announced that the company plans to invest NOK 70 billion in Norwegian hydropower over the next ten years, and the Blåfjell Pump project is part of this strategy.
“The Blåfjell Pump is one of many projects Statkraft is carrying out to help build and strengthen Norway. In total, our investments in the coming years represent one of the largest industrial boosts in the country,” says Eide.

Work starts now
The project includes a transfer tunnel, a pumping station inside the mountain, as well as several smaller transfer structures. The work will have a total cost of approximately NOK 300 million and starts this week, aiming to commission the pump by December 2027.

At the same time as the pumping facility is being built, Statkraft will also carry out improvements required by the Norwegian Water Resources and Energy Directorate (NVE) on four dams at the western end of Blåsjø. The plan is to complete all work during 2028.

Local ripple effects
For this project, Statkraft has chosen a contract strategy that has enabled participation from national, regional and local contractors alike. Among other things, the construction work has been split into four different contracts.

“It has been important for us to facilitate a form of competition where contractors can do what they do best, and where the contractors we also need in our day-to-day operations are able to take part in the bidding. We have noticed that there is less activity in the construction market, and competition for the contracts has been strong,” says Tor Oxhovd Svalesen, who has led the development of the project.

For further information, please contact
Nina Nerbøvik Holand, media spokesperson Statkrfaft AS
Tel: +47 48 22 17 75
E-mail: ninh@statkraft.com

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