Lockheed Martin and Sinteza to build battery plant in Romania

Green Forum
Lockheed Martin and Romanian company Sinteza have signed a letter of intent to build a €50 million GridStar Flow battery factory in Oradea. 

The facility, designed for zero carbon emissions, will produce 30,000 tons of negative electrolyte annually, starting in the summer of 2026. This will be the first factory of its kind in Europe and the largest worldwide.

The project, co-financed by €25 million from Romania's National Recovery and Resilience Plan (PNRR), aims to support sustainable and stable energy. The agreement was signed by Ray Piselli, Lockheed Martin's Vice President for International Affairs, and Sinteza's CEO, Gelu Stan, in the presence of Romanian Energy Minister Sebastian Burduja and U.S. Ambassador Kathleen Kavalec.

Energy Minister Burduja highlighted the strategic significance of the investment, stating that the project will position Romania as a key player in the European Union's renewable energy sector while reducing reliance on non-Western raw materials.

Piselli emphasized the potential for Romania to become a regional leader in energy efficiency and security. "GridStar Flow is a cutting-edge solution for energy security and supports Romania's Net Zero goals," he said.

Sinteza CEO Gelu Stan described the project as a major technological and business upgrade aligned with ethical, green energy objectives.

Lockheed Martin is a global leader in defense and technology innovation, while Sinteza, with over a century of experience in the chemical industry, is transitioning toward green energy solutions.

 

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Green Forum  |  28 January, 2025 at 9:00 PM
Green Forum  |  28 January, 2025 at 8:09 PM