U.S. defense contractor Lockheed Martin and Oradea-based Romanian chemicals producer Sinteza S.A. signed on Wednesday a letter of intent for the construction of a zero-carbon GridStar Flow battery factory in Oradea, which will make sustainable and stable energy possible, the Romanian company said in a release.The agreement sets the framework in place for the parties to start the development process of the future EUR 50 million factory which will produce 30,000 tons of negative electrolyte per year starting in summer of 2026. This will be Europe's first facility of this type and the world's largest, the cited source said."Today's move follows Sinteza's recent success in obtaining 25 million euros in co-financing funds under the NRRP for the electrolyte that is used for large-capacity GridStar Flow batteries. The letter of intent was signed by Lockheed Martin Vice President for International Affairs Ray Piselli, and Sinteza S.A. CEO Gelu Stan, in the presence of Romanian Energy Minister Sebastian Burduja and U.S. ambassador to Romania, H.E. Kathleen Kavalec. Today's event follows the discussions held with Energy Minister Sebastian Burduja at the beginning of this year in the United States, focusing on how the GridStar Flow battery can help Romania reach its net zero goals," the release states.GridStar Flow is an innovative redox flow battery designed to advance clean energy affordability and sustainability. Manufactured in Andover, Massachusetts, and designed for the future of the energy sector, GridStar Flow operates with zero carbon emissions and enables the production of sustainable and stable energy."With this project, Romania is attracting a strategic American investor with cutting-edge technology that is in no way dependent on imports of raw materials from outside Western markets, in a field that that sees exponential global growth. Once this investment is finalized, Romania will have a strategic advantage in the European Union in the development of renewable energy projects," Energy Minister Sebastian Burduja said.In his turn, Lockheed Martin Vice-President for International Affairs Ray Piselli mentioned that Romania can become a regional leader in the important energy efficiency and security sector.I'm excited by the prospects for this new partnership in Romania - our first project in the commercial sector and one which helps address net zero ambitions in the country. GridStar Flow is a cutting-edge solution for energy security, a key element of the needs of defense and security of any nation. Through this new initiative, Romania can become a regional leader in this important field of energy efficiency and security, he stated.Sinteza CEO Gelu Stan pointed out that this project is a clear way to significantly upgrade both the plant's technological level and business model. "In addition, the entire investment is ethical, intended to positively influence the European green energy transition," he emphasized.Lockheed Martin is a global defense technology company that promotes innovation and scientific discovery.Romanian company Sinteza S.A. boasts over 100 years of experience in the chemical industry, having set its ambitions on transitioning its business from the production of benzoic acid to green energy.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
