The minister of energy, Sebastian Burduja signed on the occastion of his visit to the United States of America a letter of intent with Lockheed Martin, the first step towards the development of technology for the production of GridStar Flow batteries (redox flow battery) in Romania. ‘On the occasion of my visit to the USA, I signed in Boston a letter of intent with Lockheed Martin, American top company in aerospace, military and energy domains. It is the first step for the development of technology for the production of batteries in Romania. And not only batteries, but batteries of the last generation produced by Lockheed Martin, GridStar Flow ( redox flow batteries) an innovative solution for energy storage for utility, commercial, industrial and military applications. It is a cost-effective and efficient long-term technology with an operational lifetime of 20 years and, importantly, it is not dependent on critical raw materials and is environmentally friendly’ the minister wrote on his Facebook page on Sunday.Burduja said that the American company tries to establish strategic partnerships to develop production capacities for GridStar Flow on the markets in the whole world. ‘They chose to explore Romania due to its strategic position, of its production capacity, of the competence of our engineers, but especially as we have the potential to become a European leader in the domain of energy security and long-term energy storage. Everything means well-paid jobs, prestige and value-added exports for Romania. I saw such a storage capacity in batteries near Boston. It works perfectly, at the Lockheed Martin standards. We can develop in our country a production unit to become a single supplier of GridStar flow in the EU and in the region. The batteries storage is more and more important for the national energy system, in the context of increasing the share of intermittent renewable energy production’ explained the minister of energy.He mentioned that starting with the period of his previous mandate as minister of research, innovation and digitization he collaborated with Lockheed Martin, the American company as he started a partnership with the Technical University in Cluj Napoca for the development of solutions based on Artificial Intelligence. ‘It is the second centre for research-development of Lockheed Martin in the whole world, after the laboratory in Australia’ said Sebastian Burduja on the social media network. (Photo:https://www.facebook.com/)
Romania’s population could reach 14.36 million people in 2080, down from slightly over 19 million in 2025, which would mean a reduction of 4.6 million people, or almost a quarter of the population, according to an analysis carried out by the National Institute of Statistics (INS) in the study ‘Projection of Romania’s active population by […]
Daniel Băluță, the Social Democrats' (PSD) candidate for the general mayor elections in Bucharest scheduled for December 7, and the independent candidate supported by isolationist party AUR, Anca Alexandrescu, lead in the voting intentions of Bucharest residents, separated by only 0.1% percentage points, according to an opinion poll conducted by the AtlasIntel institute for
Grampet–GFR owner Gruia Stoica has signed a joint venture agreement with Chinese rolling stock manufacturer CRRC Shandong to develop a new freight wagon factory in Hungary, industry sources told Club Feroviar. The agreement was concluded last week during Stoica’s visit to China, according to the publication. ...
The Romanian government is examining amendments to the Oil Law that would allow the Trident offshore perimeter in the Black Sea, held 87.5% by Lukoil, to return to state ownership or be taken over by project partner Romgaz, which holds the remaining 12.5%,
The Canadian company Eldorado Gold has agreed to the sale of the Romanian gold mining project Certej, in Hunedoara County, for a total amount of up to USD 30 million, Profit.ro...
Cris-Tim Family Holding (BVB: CFH), the market leader in cold cuts and ready meals in Romania, reported revenues of RON 853.1 million (EUR 170 million) for the first nine months of 2025, a 3% y/y increase, supported by 5% growth in the Cold Cuts segment and a strong 21% advance in ready meals. Profitability improved […]
