Bucharest power battery storage policy

How much will Romania spend on battery energy storage systems?

The Romanian government has allocated EUR 103.5 million ($108.6 million) to support investments in battery energy storage systems and deliver at least 240 MW/480 MWh by 2025. The government of Romania is looking to support the deployment of commercial and industrial (C&I) battery energy storage systems (BESS) to the tune of EUR 103.5 million.

Does Romania have a battery industry?

Presently, the only operational projects in the country are two BESS systems operated by Portugal's EDPR, with a total capacity of around 1.5 MWh. However, Romania has big battery manufacturing ambitions and plans to have a 2 GW battery industry by the end of 2025.

Will Romania have a 2 GW battery industry by 2025?

However, Romania has big battery manufacturing ambitions and plans to have a 2 GW battery industry by the end of 2025. The country also plans to train some 20,000 people over the next four years to overcome the existing skill gap in the battery sector.

Will a solar project help the battery storage market?

A solar project from developer Econergy in Romania. The country’s solar sector is set to grow substantially, which will help the battery storage market kick on. Image: Econergy. The European Commission has approved a €103 million (US$125 million) package of direct grants from the government in Romania for battery storage projects.

How much money do we need to invest in the battery sector?

“We want to attract investments of at least EUR 2 billion in the battery sector in the next five years,” Prime Minister Nicolae Ciucă said in June, after signing a memorandum of understanding with EIT InnoEnergy for the development of the battery sector.