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.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
