Europe: Gas prices hit...

Following the August 15 meeting between Donald Trump and Vladimir Putin, and Trump’s...

Region: Electricity prices drop...

In Week 34 of 2025, electricity market prices declined across most South East...

Romania: End of price...

Electricity bills for July and part of August 2025 in Romania are significantly...

Bosnia and Herzegovina sees...

According to the Agency for Statistics of Bosnia and Herzegovina (BiH), gross electricity...
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Romania: OMV Petrom to develop 36 MWh energy storage facility near Isalnita solar plant

Romanian oil and gas company OMV Petrom is advancing its renewable energy portfolio with plans to develop a new energy storage installation. The proposed facility will have a storage capacity of 36 MWh and a discharge rate of 18 MW. This project is set to complement the 89 MW solar power plant that OMV Petrom is currently developing in Isalnita.

Frank Neel, Head of OMV Petrom’s Energy and Gas Division, announced that the company has submitted a proposal for this storage capacity under the PNRR call for projects. The decision to proceed with the Isalnita solar power plant was finalized in June 2024, and the integration of the energy storage system is expected to enhance the efficiency and reliability of the plant’s power output.

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