Bucharest Energy Storage Project Powering a Sustainable Future
The Bucharest Energy Storage Project exemplifies how cutting-edge technology meets practical energy needs. As Europe accelerates its decarbonization timeline, such initiatives prove that
Economica.net learned that the battery storage facility would have 5 MW and a two-hour duration, costing the firm EUR 2 million. Engie's project was included in the reserve list last September after a public call for support to battery storage. The Ministry of Energy selected 13 applications for grants from NRRP.
Battery storage makes up 17.5 GW or more than half of its total development pipeline in Europe. The company said it would hybridize its existing and future PV assets and scale the integrated capacity to several gigawatts in the coming years. It has over 1.2 GW of projects for standalone BESS in Romania.
There would be 34 containers at the site selected for the BESS. The majority government-controlled utility values the investment at EUR 22.7 million, of which more than EUR 10.7 million is for the storage facility itself. The location spans five hectares.
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