Simtel, an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of Romania’s leading renewable energy players, announces the signing of an EPC (Engineering, Procurement, and Construction) contract with Energy Capital Group, owned by MOGAN Bucharest SRL, part of the GÜR?? Group from Turkey, for the implementation of a battery energy storage project. The value of the contract amounts to 168.9 million lei, excluding VAT, and the execution period is nine months. “We are happy to be in Romania after 20 years with an investment like this. We see a great future and opportunity here,” stated Kaan Yamantürk, Director of MOGAN Bucharest SRL. “The signing of this contract marks an important milestone for Simtel and for the strategic direction of our company. We are pleased to contribute to the implementation of a project of such magnitude, which demonstrates our partners’ trust in Simtel’s ability to deliver complex solutions at high standards of quality and efficiency. Through this investment, Romania is taking a significant step towards strengthening its energy infrastructure and increasing flexibility in consumption and production. Storage systems represent an essential pillar in the energy transition process and in the sustainable development of power grids. We are confident that the expertise of our team, together with the strong partnership with Energy Capital Group, will contribute to the success of this project. We will continue to develop this line of business with the aim of responding as effectively as possible to our clients’ needs and supporting the evolution of the local renewable energy market in a sustainable and responsible manner,” stated Mihai Tudor, CEO of Simtel. The contract signed by Simtel covers the supply of a battery energy storage system, as well as the design, construction, installation, commissioning, completion, and testing of the facility. The project will be implemented in the village of Iaz, Obreja commune, Caras-Severin County. The project will have a storage capacity of up to 196.4 MWh and an installed power of up to 98.6 MW. The size of the facility is significant, considering that, according to the latest data published by Transelectrica, the current total battery energy storage capacity in Romania is 398.8 MWh. Moreover, the largest storage project completed so far has a maximum capacity of 72 MWh. The investment made by Energy Capital Group benefits from the support of the National Recovery and Resilience Plan (NRRP), through the pillar dedicated to the green transition. The company has obtained financing of over 50 million lei for the implementation of this battery energy storage project. Simtel launched the business line dedicated to energy storage systems in 2024, in response to the growing need for efficient management of energy consumption and production. These solutions enable active participation in the energy balancing market by optimally adjusting voltage and frequency. In addition, they contribute to increasing grid stability by compensating for outages and operating in isolated mode in critical situations, as well as covering imbalances when needed.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
