Romania Allocates €150M for Battery Storage Expansion

• Romania invests €150 million in battery storage systems, boosting renewable energy and aiming for 1 GW capacity by 2025. Join the green revolution today!

Romania has launched a program to support the installation of standalone battery energy storage systems (BESS), offering EUR 150 million (USD 155.3 million) in non-refundable funding. This financing will be allocated through a competitive bidding process managed by the Ministry of Energy, targeting projects that can store electricity from wind, solar, and hydropower sources. Eligible participants include microenterprises, SMEs, large enterprises, and autonomous authorities, with proposal submissions open until February 17, 2025.

The initiative is part of Romania's broader strategy to enhance energy sector investments, which have attracted EUR 14 billion in non-reimbursable funding. Additionally, EUR 80 million has been designated for energy storage projects under the national recovery and resilience plan (PNRR), while the new BESS funding aims to support existing renewable energy capacities. Romania's objective is to achieve at least 1 GW of BESS capacity within the next two years.

What are the key details of Romania's new battery energy storage funding program?

Key Details of Romania's New Battery Energy Storage Funding Program

• Total Funding Amount: The program offers EUR 150 million (approximately USD 155.3 million) in non-refundable financial assistance.
• Nature of Funding: The funding is non-refundable, encouraging investments in standalone Battery Energy Storage Systems (BESS).
• Management: The program will be administered by Romania's Ministry of Energy through a competitive bidding process.
• Project Focus: Funding will prioritize projects that can effectively store electricity generated from renewable sources, including wind, solar, and hydropower.
• Eligibility Criteria:

1. The program is open to a broad range of applicants, including:
2. Microenterprises
3. Small and Medium Enterprises (SMEs)
4. Large enterprises
5. Autonomous authorities

• Proposal Submission Deadline: Interested parties must submit their project proposals by February 17, 2025.
• Alignment with National Goals: This initiative is a component of Romania's overarching strategy to enhance investments in the energy sector, which has already drawn EUR 14 billion in non-reimbursable funding.
• Additional Funding Designation: EUR 80 million from the national recovery and resilience plan (PNRR) has also been allocated specifically for energy storage projects.
• Capacity Goals: Romania aims to achieve a minimum of 1 gigawatt (GW) of battery energy storage capacity within the next two years as part of its renewable energy development goals.
• Sustainability Focus: The program underscores Romania's commitment to transitioning to a more sustainable energy system and increasing the efficiency of existing renewable energy resources by enhancing storage capabilities.
• Encouragement of Innovation: The initiative is expected to stimulate technological innovation in the battery storage sector and promote the deployment of advanced storage solutions throughout the country.
• Market Impact: By supporting the installation of BESS, this program aims to increase grid stability, enhance energy security, and facilitate the integration of a higher share of renewable energy into the national grid.