R.Power, a prominent player in the European energy sector, has announced a significant financing achievement aimed at bolstering its operations in Romania. The company has successfully raised €250 million through equity funding, supported by the European Bank for Reconstruction and Development (EBRD) and the Three Seas Initiative Investment Fund. This capital will be directed towards developing a large-scale battery storage facility located in Scornicesti, Olt County, with an anticipated capacity of 127 MW/254 MWh. Construction is slated to commence in 2026.
This funding round marks a pivotal moment for R.Power as it alters the company’s ownership dynamics. Institutional investors associated with 3S Holdings will now possess nearly 30% of R.Power, while the original founders and senior management maintain operational authority. This restructuring is expected to enhance R.Power’s financial position, enabling further expansion across various European markets.
The Scornicesti battery storage project stands out due to its partially merchant-based operational model, which ties revenue generation to prevailing market conditions rather than relying solely on regulated income streams. As renewable energy sources such as wind and solar continue to proliferate in Romania, large battery projects are increasingly recognized as essential components of the energy network. They provide critical grid flexibility, mitigate congestion, and offer balancing and ancillary services where commercial participation is feasible.
By adopting a market-driven revenue strategy, R.Power’s Scornicesti project signals confidence in the ongoing development of Romania’s flexibility and system services markets. The establishment of such large battery installations is poised to set important technical and contractual benchmarks, influencing everything from grid connection protocols to participation in balancing mechanisms. This could facilitate broader acceptance and implementation of energy storage solutions throughout the region.
Founded in 2010 and based in Warsaw, R.Power has established a considerable presence across Europe, currently operating or constructing approximately 1.4 GW of capacity while managing over 12 GW of projects across six countries, including Romania. Earlier this year, R.Power initiated a joint venture with Eiffel Investment Group concerning the Scornicesti project, selling a 49.99% stake to aid financing efforts as well as support both construction and long-term operational management of the battery storage facility.
