The team was founded in 1991, and promptly won the first four Lithuania Hockey League championships, while not suffering a defeat in their first four seasons.
Energija joined the new Eastern European Hockey League for the 1995-96 season, and struggled mightily, winning only 6 of their 28 games in their first season. They never did particularly well in the EEHL, their best finish being second in the B Group in 2002-03. In addition to the EEHL, they were given an automatic spot in the final in the Lithuanian Hockey League, winning the title in 1996, 1997, 1997, 1999, 2001, and 2003. Energija dropped out of the EEHL after the 2002-03 season, one year before the league folded.
They joined the Latvian Hockey League for the 2003-04 season, and finished with a respectable 10-9-3 record, and lost in the semifinals of the playoffs. Things went downhill from there, they have never advanced past the quarterfinals since then, and finished with a 1-41 record in the 2007-08 season. Energija continues to dominate the Lithuanian League, winning it in 2004, 2005, 2006, 2007, 2008, 2009, and 2011. They have won 17 of the 20 Lithuanian Championships, winning 17 of the 18 they participated in (DNP in 1999-00, and 2009–10). Their only final loss was in the 2001-02 season, 9-6 to Garsu Pasaulis Vilnius.