The project will be co-financed from an EU program run by the Romanian Energy Ministry.
The GridStar Flow battery, manufactured by Lockheed Martin in Andover, Massachusetts, operates with zero carbon emissions and enables sustainable and stable energy.
Sinteza has been recently awarded EUR25 million in co-funding under the National Recovery and Resilience Plan (NRRP) for the electrolyte that is used in the GridStar® Flow large batteries.
The letter of intent was signed by Ray Piselli, vice president of International Business at Lockheed Martin, and Sinteza Chief Executive Officer Gelu Stan, in the presence of the Romanian Energy Minister Sebastian Burduja and US Ambassador to Romania Kathleen Kavalec.
This agreement sets the framework for the parties to begin development of a future plant that will make 30,000 tons of negative electrolyte a year, starting the summer of 2026. This would be the first such European plant and the largest in the world.
(English version by Loredana Fratila-Cristescu)