Airengy and Hagag Europe invest €55M in 5 GWh compressed-air energy storage plant in Romania
By
Emiliano Bellini
19d ago· 3 min readenNews
Summary
Two Tel Aviv-listed companies, Airengy and Hagag Europe, are investing approximately €55 million to develop a compressed-air energy storage plant in Romania using Airengy's proprietary AirBattery technology with underground salt caverns. The project aims to eventually reach 5 GWh storage capacity, with commercial operation expected to begin in early 2028.
Source
bskyAirengy and Hagag Europe invest €55M in 5 GWh compressed-air energy storage plant in Romaniapv-magazine.comKey quotes
· 3 pulledAirengy told ESS News commercial operation is likely to begin in early 2028.
Two Tel Aviv Stock Exchange-listed companies, Airengy and Hagag Europe, are investing approximately €55 million ($63.6 million) to develop a compressed air power plant in Romania.
The project will use Airengy's proprietary long duration 'AirBattery' technology for compressed air energy storage
Hagag Europe and Airengy’s Romania project will harness the latter’s long duration energy storage AirBattery technology with underground salt caverns to eventually reach 5 GWh storage capacity. Airengy told ESS News commercial operation is likely to begin
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