A €50 million project promises to turn Romania into a European energy storage center, thanks to an agreement between US giant Lockheed Martin and Romanian company Sinteza SA.
The game-changing industry partnership
Romania marks a historic moment with the signing of an agreement between Lockheed Martin, a global leader in the defense industry, and Sinteza SA, a major player in the Romanian chemical industry. The €50 million project aims to develop energy storage technology using the innovative GridStar Flow system. This system is designed to provide long-term energy storage, making it a key solution for the energy transition. Lockheed Martin is known for its major contributions in military technology, being the main supplier for the Patriot missiles and the F-35 airplanes. Its involvement in the Romanian energy sector strengthens our country’s position on the European technology map.
Solid funding and government support
The project benefits from a grant of €25 million through the National Recovery and Resilience Plan (PNRR). Energy Minister Sebastian Burduja actively supported this initiative, stating:
“This partnership is a perfect example of how Romania is attracting foreign investment to develop cutting-edge technologies.”
The PNRR funding underlines the importance the Romanian authorities attach to innovative energy technologies.
Sinteza SA: Innovation leader
The Oradea-based Sinteza SA obtained the highest score (86.5 points) in a program dedicated to investments in industrial batteries. With an annual turnover of 14.6 million lei, the company aims to develop and test electrolytes for batteries, as well as implement efficient recycling processes. The project is part of a wider series of initiatives supported by the Energy Ministry, which also includes other Romanian companies such as Crișana Pro Construct SA, Ecorec Recycling SRL and Grima Com SRL.
Budget and outlook for the battery sector
The total budget allocated to the state aid scheme for battery technology is €75.76 million, with the possibility of extension up to €149.25 million. This investment reflects Romania’s strategic interest in developing a sustainable and competitive industry. Projects of this type not only support the energy transition, but also transform Romania into a European hub of innovation, attracting partnerships with leading global companies.
A sustainable future for Romania
The collaboration between Lockheed Martin and Sinteza SA signals a paradigm shift for the Romanian energy industry. Through solid investment and government support, Romania is consolidating its position as a regional leader in energy storage technology, actively contributing to global sustainability goals.