Finance
Mass Group Holding to invest 1 billion euros in Romanian battery storage, government says
Published by Global Banking & Finance Review®
Posted on February 5, 2026
1 min readLast updated: February 5, 2026
Home > Finance > Mass Group Holding to invest 1 billion euros in Romanian battery storage, government says
Quick Summary
Mass Group Holding plans a €1 billion investment in Romanian battery storage, marking the largest project of its kind in the country.
Mass Group Holding to Invest €1 Billion in Romania's Battery Storage
Mass Group Holding's Investment in Romania
BUCHAREST, Feb 5 (Reuters) - Private energy developer Mass Group Holding plans to invest 1 billion euros ($1.18 billion) in battery storage capacity across central Romania, the government said in a statement on Thursday after meeting the company.
Details of the Investment
The planned 2.5 GW power storage investment would be the biggest in Romania to date. The statement did not say when construction would start.
Impact on Romania's Energy Landscape
The holding's local unit, Mass Global Energy Rom, is already building a 1.7 GW steam and gas power plant that will replace outdated hard coal fired generation in the central Romanian town of Mintia.
Future Developments
Power production at the Mintia plant is expected to begin in September, the statement said.
Romania is seeking to meet the European Union's carbon emissions reduction goals and to bolster energy security, which has become a more urgent issue since Russia's invasion of Ukraine in February 2022.
The EU state uses a mix of gas, coal, hydro, nuclear and renewable energy for electricity generation.
($1 = 0.8477 euros)
(Reporting by Luiza Ilie; Editing by Kirsten Donovan)
Key Takeaways
- •Mass Group Holding plans to invest €1 billion in Romania.
- •The investment focuses on battery storage capacity.
- •The project is the largest of its kind in Romania.
- •Mass Global Energy Rom is developing a power plant in Mintia.
- •Romania aims to meet EU carbon reduction goals.
Frequently Asked Questions about Mass Group Holding to invest 1 billion euros in Romanian battery storage, government says
1What is battery storage?
Battery storage refers to systems that store energy for later use, allowing for the management of energy supply and demand, especially in renewable energy applications.
2What is renewable energy?
Renewable energy is energy generated from natural resources that are replenished, such as solar, wind, and hydroelectric power, contributing to sustainability.
3What is investment in energy projects?
Investment in energy projects involves allocating capital to develop and maintain energy infrastructure, aiming for profitability and sustainability.
4What is a power plant?
A power plant is an industrial facility that generates electricity by converting various energy sources, such as fossil fuels or renewables, into electrical power.
