According to the data provided by the National Energy Dispatch, the demand for electricity storage is 4,000 MW until 2030, half of which will come from batteries and half from pumped storage hydropower plants, the minister of Energy, Sebastian Burduja declared on Friday.According to the minister, Romania must do what it should have done for decades, namely pumped storage hydropower plants, because "we are the only country in the EU with the geography that allows such investments and that was not able to carry after all, such a hydroelectric plant. It is much more useful than a field of batteries. Much more useful because it stores energy for a much longer period and is much friendlier to the environment. (...) That is why I and the Council of ministers in Brussels always say: give us a favorable framework for pumped storage hydropower plants through which we can speed up, on the one hand, the environmental approval procedures, and on the other hand, we can access more financing because they are expensive projects and there are projects that cannot be done overnight."As to the pumped-storage hydropower plant project from Tarnita-Lapustesti, he mentioned that the feasibility study procedure is underway and if this fails, a public-private partnership option will be used."In the public-private partnership, there are big partners, with some of them I have met, they could enter from this moment. We do not have a feasibility study, they assume part of the costs and then when you have the study, the shares in the shareholding structure are renegotiated. But we have no way to give up this investment," said Sebastian Burduja.
Romanian aerospace company BraveX Aero and state-owned Romaero are developing an industrial capacity to produce up to 17 unmanned aircraft per month as they seek to meet growing demand from the defense sector. BraveX Aero also announced a EUR 4 million funding round to support the expansion of its production capabilities. Under the plan, BraveX […]
Oil, AI, and Gold: The Three-Way Tug of War in the Markets, by eToro analyst for Romania, Bogdan Maioreanu The escalation between the US and Iran in the Gulf conflict has renewed concerns over global oil supply, raising its prices, pushing inflation risks back into focus and raising the likelihood...
Today’s edition of The digital replica of the printed Nine O’Clock newspaper – No.8394 dated 21 July 2026 Between Discipline and Calling: A Conversation with TAROM Boeing 737 First Officer George Ancuța Romania and Serbia take an important step toward closer energy cooperation President Dan: Modernising the Air Force represents...
TechAngels Romania, Business Angels Europe, META Group and the Moldovan Technology Transfer Network (MTTN) have jointly launched ESIL Moldova, a two-year program designed to build business angel investment capacity in Moldova. While Moldova continues to produce highly skilled graduates, technology professionals, and promising startups, access to early-stage investment remains limited, a challenge ESIL Moldova aims to […]
PPC Blue Romania announced that it put into operation seven ultra-fast electric vehicle charging stations at Bucharest’s Henri Coandă International Airport, expanding charging infrastructure at Romania's largest airport. The stations are located in the North parking area and are now available to electric vehicle users. The new infrastructure consists of seven 200 kW charging stations, […]
The oldest person in Romania, a woman from the city of Cugir, central Romania, born in 1915, was celebrated on Monday, July 20, on the occasion of her 111th birthday. Noja Paladia, who ranks 124th in the world among the longest-living people, holds the official status of the oldest living person in Romania. On her […]
