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.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
