• Power-to-X Production 
  Usage of Latvian Green Electricity to: Hydrogen initiatives, green ammonia, Methanol, Bio-fuels, eSAF & SAF productions. 

• Biomethane Production 
  Biomethanol and bio-slurry production with government support, feedstock from local biowaste, biomethanol injection points, and natural underground structures (sites). 

• Hybrid Parks 
  Combining Batteries, Wind & Solar, Data Centers, Gigafactories. 

• Smart City Solutions & Urban Mobility  
  Electric Mobility & Charging Infrastructure, City Mobility, Digitalization & Smart Logistics, Engineering & Power Electronics. 

• Latvia is ranked 4th among EU countries in renewable energy share of total consumption.

• Strong growth in large-scale wind farms, BESS systems, hybrid parks, and solar installations. 

• Rapid expansion of EV charging networks supporting domestic and Baltic mobility corridors.

• Increasing investment in hydrogen and SAF R&D, with early-stage pilot projects underway.

• Local ICT, smart manufacturing & engineering sectors provide a robust foundation for energy software, monitoring systems and automation.

• +65% sector Turnover growth over 2020–2024 

• EUR 10,1B Sector balance (2024) +22% growth over 2020–2024 

• +86% Exports growth over 2020–2024 (The main trade partners concentrated in EU markets, with Germany, Denmark, and Estonia consistently leading)

• +30% Value-added growth (2020–2024) 

• 3,6K Companies (2024) ~4.6% of sector companies - foreign-controlled 

• ~15 GW Potential of offshore wind parks in the Latvian part of the Baltic Sea 

• 25% STEM sector Students: or 18,498 individuals, icluding 2561 foreign students 

• ~46% Adults in Tertiary education 

• 80% of Energy Sector employees speak in English 

• ~30'000 Total Labor pool in the Energy Sector 

• 56% Share of Female in Energy Sector (EU average of 48.8%) 

• EUR 2,116 Average gross salary for typical professions in these sectors. Energy sector is Top 3 most paid sector in Latvia 

• Leading academic institutions — University of Latvia, Riga Technical University, Riga Technical College — supply specialists in energy systems, power engineering and digital mobility.

• Strong cooperation between universities, research labs and industry fosters hands-on innovation.

• East Metal
  A leading manufacturer of complex steel structures with more than 40,000 m² of production space across four plants in Latvia and Denmark. Specialises in components for wind energy, transport equipment, cranes, lifting gear, and machinery for industrial applications.

• CNC SAAN
  A precision metal processing company offering milling, turning, welding and CMM measurement services. Exports mainly to Sweden, Norway, Germany and Denmark, with capabilities supporting machine-building, energy, agriculture, forestry, oil & gas, and furniture industries.

• Energofirma Jauda
  One of the Baltic region’s largest producers of electrical materials and equipment, with over 50 years of experience. Manufactures compact substations, low- and medium-voltage equipment, metal constructions and electrical installation components.

• Getliņi
  The largest municipal solid waste management site in the Baltics and one of Europe’s most advanced. Operates as a modern recycling and resource-recovery centre, producing biogas from biodegradable waste for renewable energy generation.

• Ekubirojs
  A regional leader in promoting energy efficiency and green investment, facilitating collaboration between experts, developers and financiers to renovate and modernise Soviet-era buildings across the Baltics and Eastern Europe.

• Hemp Eco Systems
  Developer of innovative hemp-based building materials, providing sustainable, healthy and energy-efficient alternatives to conventional insulation products.

• Ko Tu Elpo
  Creator of smart air biofilters that combine natural processes with modern technology to improve indoor air quality by capturing pollutants and enhancing ventilation efficiency.

• Blue Shock Race
  A pioneer in electric go-kart technology, contributing to the advancement of electric mobility solutions and demonstrating practical applications of high-performance EV systems.

• Aerones
  A global innovator in robotic wind turbine maintenance, offering advanced robotic and IoT-based tools for inspection, repair and cleaning. The technology reduces downtime, lowers costs, increases turbine efficiency and contributes to greenhouse gas emission reduction.

 From a transport and logistics perspective, Latvia offers one of the most advantageous locations in Northern Europe. Positioned at the centre of the Baltic Sea region — one of Europe’s fastest-growing economic areas — Latvia provides direct access to major EU, Nordic and Eurasian markets.  To get further information on Transport and storage sector in Latvia click here.