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 in early 2028.
From ESS News
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 (CAES) in salt caverns. The Romanian plant will be developed in two phases, reaching a discharge capacity of 25 MW and a storage capacity of up to 5 GWh.
Hagag Europe and Airengy will each own 40% through a special purpose company. An unnamed third party will own the remaining 20%. Airengy will take on planning, design, construction and operation of the project and its AirBattery system.
