Latest news on industrial energy storage in bucharest

How much will Romania pay for a battery energy storage system?

Romania has launched a new subsidy scheme for behind-the-meter battery energy storage systems to the tune of EUR 150 million ($158 million). With the funding secured from the Modernization Fund, the Ministry of Energy launched the competitive bidding call on Tuesday. Bids will be accepted until January 17, 2025.

How much does Romania spend on energy storage projects?

Romania has allocated €80 million ($87 million) under its national recovery and resilience plan (PNRR) for energy storage projects, which is expected to result in contracts for a total of 1.8 GW of capacity. “The projects are under evaluation and we anticipate the signing of the contracts in September,” the minister said.

Does Romania have a grant program for battery energy storage systems?

The Romanian Ministry of Energy has launched a grant program for battery energy storage systems developed in conjunction with existing renewable energy facilities – wind, solar, or hydro. Romania has launched a new subsidy scheme for behind-the-meter battery energy storage systems to the tune of EUR 150 million ($158 million).

What is Enery doing in Romania?

This week, Vienna-based Enery has commissioned a major solar and storage site in northwestern Romania. The project consists of a 51.4 MW PV plant and and a battery energy storage facility of 22 MWh.

What is Romania's most important energy project?

Earlier this month, Burduja reported progress on what he terms as “the most important project for the Romanian energy system” – the 1 GW Tarnița-Lăpuștești pumped storage hydropower plant. Romania resumed the development of the project last year, upping the planned capacity from 500 MW to 1 GW.

How big is Romania's energy storage fleet?

From ESS News According to Romanian Minister of Energy Sebastian Burduja, the country’s energy storage fleet is expected to grow exponentially over the next couple of years. “In total, at the end of next year we should have storage capacities of at least 2,500 MW, and by 2026 we should exceed 5,000 MW.