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Master in Energy Technologies and Economics

Kaunas University of Technology
2 years
Full time
Master's degree
Scholarships available
On campus
01 September 2021
Application deadline: 31 July 2021

Program description

Today, the need to save energy is common knowledge. But how could we improve the existing technologies to make energy consumption more efficient? How to reduce energy prices making goods and services more affordable? How to ensure access to energy to all the people without harming the environment? While studying MSc Energy Technologies and Economics at KTU you will analyse similar dilemmas and gain the skills and knowledge needed to tackle the most pressing problems of the contemporary world.

Why @KTU?

During your studies, you will learn to develop complex, more efficient energy systems, you will gain interdisciplinary knowledge on energy production, distribution, economics, development of the energy sector. Through research projects, you will learn how to make economically sound engineering decisions and to be able to effectively solve various problems in the energy sector. The knowledge gained in the master’s Energy Technologies and Economics study programme will help you address long-term energy development planning, regulation challenges. Your studies will equip you with risk and need forecasting skills, and competencies to reach informed and creative solutions to the problems of the energy sector.

The comprehensive interdisciplinary knowledge of the technologies and economics of energy generation, transmission, distribution, and effective use make the graduates of this study programme a valuable asset to any company in the energy sector. The professionals, who can control electrical power engineering objects and reach economically reasonable engineering solutions, who can conduct research and provide solutions for sustainable development of the electric power industry are in high demand in the global job market.

  • A unique programme for future managers in the energy sector: you will acquire not only technological but also economics education
  • Access to the labs with the latest equipment, such as the largest in the Eastern Europe renewable resources lab or Bloomberg Financial Markets Lab

What will you study?

  • Energy: resources, production, transmission, distribution, use and accumulation
  • Economics: economic analysis and evaluation, management of finances, regulation and control of energy markets, accounting and management
  • Energy systems: structure, sources, management and planning, reliability, security, strategy
  • Analysis of systems: composition and structure of systems, multi-criteria tasks, imitation modelling, the theory of usefulness

Admission requirements

Undergraduate diploma (or higher)

  • Undergraduate diploma (or higher) a university Bachelor’s degree(min. length – 180 ECTS) in the field with a good average grade (min. CGPA>60%),
  • proficiency in English: IELTS ≥6.0, TOEFL ≥85, CEFR ≥C1, or equivalent.

English Language requirements

  • Accepted proof of proficiency: Cambridge English, IELTS, TOEFL or other equivalent
  • IELTS ≥6.0, TOEFL ≥85, CEFR ≥C1, or previously completed studies in english language.

For more information about admission requirements, please visit the university website.

Does this course require proof of English proficiency?

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Scholarships & funding

All international students automatically become candidates to receive the Scholarship for International Students, which is assigned for first-year Bachelor or Master students with strong academic records and motivation.

The residents of European Union countries and the global citizens of Lithuanian origin can apply for state-funded study places. This means that all the applicants, who fall into one of the aforementioned categories, will participate in the general admission’s competition for state-funded study places and get the chance to study free of charge, depending on their admission score.

Tuition fees

Tuition fee: €4,300 per year


Awards: MSc (Energy Technologies and Economics)

Credits: 120 ECTS

Objective(s) of a Study Program:

  • To prepare highly qualified specialists capable to analyse sustainable energy technologies, investment, planning and
  • management processes, to create sustainable solutions for the development of the energy sector, to solve practical and
  • scientific problems, and independently carry out research work.

Student’s competences:

  • Knowledge of sustainable energy technologies, investment, planning and effective management processes.
  • Application of operational principles of the energy resources market, critical assessment of interconnections between management and regulation of energy resources markets and energy policy.
  • Planning of effective, safe and reliable electrical energy systems.
  • Application of economically substantiated engineering solutions and solving of quantitative problems of the market of energy resources.

Student’s skills:

  • Able to integrate knowledge of technologies and economy science, and plan and manage complex energy systems.
  • Able to critically analyse the issues of energy generation, environmental protection and economy relevant to the society.
  • Able to apply economic operational principles of energy sector and specifics of formulation of financial solutions.
  • Able to solve practical and scientific problems in sustainable energy development.

Career opportunities

Access to Professional Activity

The graduate can work in energy sector enterprises, in energy departments of various enterprises, in power system planning and design enterprises, in national and international institutions.

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Want to know more about this program, Master in Energy Technologies and Economics? Fill out the following form and include any questions you have. This information will be sent directly to the school, and a representative will respond to your enquiry.

About this institute

Kaunas University of Technology

Established in 1922, Kaunas University of Technology (KTU) provides studies and research in all areas answering the demands of today’s ever-changing world. Ranked the 1st in Lithuania by alumni employability and student satisfaction, KTU is among the top 500 world...

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Why study at Kaunas University of Technology

KTU, the main provider of research services for business and industry, one of the most active science institutions in Lithuania boasts impressive research facilities. In addition to state-of-the-art laboratories designed for studies, such as FabLab, Bloomberg Financial Markets Lab, Auto Diagnostics Lab and others, the laboratories of Santaka Valley and the Faculties equipped with the newest technology are open to student research and studies.

Contact info

Kaunas University of Technology

Donelaicio St. 73
LT-44249 Kaunas

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