Published by Global Banking & Finance Review®
Posted on February 5, 2026
1 min readLast updated: February 5, 2026
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Mass Group Holding plans a €1 billion investment in Romanian battery storage, marking the largest project of its kind in the country.
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.
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.
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holding's local unit, Mass Global Energy Rom, is already building a 1.7 GW steam and gas power plant that will replace outdated hard coal fired generation in the central Romanian town of Mintia.
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)
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.
Renewable energy is energy generated from natural resources that are replenished, such as solar, wind, and hydroelectric power, contributing to sustainability.
Investment in energy projects involves allocating capital to develop and maintain energy infrastructure, aiming for profitability and sustainability.
A power plant is an industrial facility that generates electricity by converting various energy sources, such as fossil fuels or renewables, into electrical power.
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