Banca Transilvania is granting an investment loan of over €75 million to Nova H, owned by Nova Power & Gas, for the development of Romania's largest battery energy storage facility, with a capacity of 200 MW and a storage capacity of 400 MWh.

Located in Florești, Cluj County, the facility began commercial operation this month, at which time Nova Power & Gas announced the start of work on the 160 MW combined cycle power plant in Câmpia Turzii, also in Cluj County. The value of the two investments exceeds €350 million.

Impact of funding:

• Doubling the national energy storage capacity and strengthening Romania's energy security;
• Facilitating our country's transition to a sustainable future by developing new capacities;
• BT is strengthening its long-standing partnership with Nova Power & Gas, one of its largest customers, helping to consolidate its leading position in battery energy storage.

Nova Power & Gas, part of the E-INFRA Group, is a 100% Romanian company, with activities related to the entire energy chain: production, supply, storage, and major investments in infrastructure.