European Commission Backs Romanian BESS Deployment
The European Commission has officially approved a €150 million Romanian state aid scheme aimed at installing at least 2,174 MWh of new standalone battery energy storage systems (BESS). Financed by the EU Modernisation Fund under the Clean Industrial Deal State Aid Framework (CISAF), the scheme provides direct grants of up to €69,000 per MWh. The aid covers up to 100% of eligible costs, with a maximum of €15 million per project. Beneficiaries will be selected via competitive tendering, with the call for projects launching in Q2 2026.
Belgian Startup Secures Series A for BESS and EMS
In the private sector, Belgian CleanTech startup Octave.energy has successfully raised €10 million in Series A funding led by SPDG Growth. The capital will be used to scale its Battery Energy Storage System (BESS) and Energy Management System (EMS) solutions across Europe. Octave.energy provides first-life LFP battery storage systems integrated with advanced EMS for industrial, SME, and agricultural clients, helping them manage grid congestion and volatile electricity prices.
Proven Track Record and European Scaling
The funding round validates Octave.energy's business model and technological approach. To date, the company has delivered over 200 MWh of storage capacity and served more than 400 businesses. By combining hardware with proprietary software, the startup is uniquely positioned to capitalize on the growing demand for decentralized storage and grid flexibility solutions in the EU market.
The EU-backed Romanian scheme will cover up to 100% of eligible costs for standalone BESS projects, accelerating the country's energy transition and grid stability.
Source: actmedia.eu, eu-startups.com
This article was assisted by AI analysis. Please refer to the original source for official information.