The most significant industrial investment brought by the energy transition for Romania is moving to the next level with chances to reach 1 billion euros: the region can become a hub for producing energy storage equipment.

At the end of November, the Prime Batteries Technology battery factory will complete the tenfold increase in production capacity, up to 2 GWh, an investment of 270 million euros. Further, on a plot of land close to Bucharest, a new factory will be built, with a capacity of 6 GWh, and the works will most likely take place in the next four years. With this new unit, the total investment will reach 1 billion euros, as was announced in 2022, when the EIT InnoEnergy conglomerate became a shareholder of Prime, a business co-founded by entrepreneur Adrian Polec.

From 2022, Romania has a very concrete production project in the area of ​​storage equipment, which could accumulate investments of 1 billion euros in about four years. The Prime Batteries Technology battery factory in Cernica thus becomes the first major industrial project that Romania sees taking shape in the context of the energy transition and which can become the starting point for an industrial chain in this area of ​​Europe.

At the end of November, we will complete the capacity increase at the factory in Cernica. It is a 10-fold increase in capacity, up to 2 GWh. The construction is 80% ready, and the investment amounted to 270 million euros.

We believe that at this moment, Romania’s urgent need for energy storage is about 4 GWh, which means the factory’s production for two years.

– Adrian Polec, co-founder of Prime Batteries Technology for ZF

Storage has become the new star concept in energy for about a year since investments in wind or solar projects have accelerated, so the need to store energy that is sometimes in excess has become a reality.