R.Power is accelerating its growth strategy with a new capital injection from major international investors, positioning Romania as a key focus for its storage-focused initiatives. Following a €250 million equity raise backed by the EBRD and the Three Seas Initiative Investment Fund, the pan-European electricity producer is set to advance a large battery storage project in Scornicesti, Olt county. The facility, designed with a 127 MW/254 MWh capacity, is expected to begin construction in 2026.
The funding round has reshaped R.Power’s ownership structure, with institutional investors under 3S Holdings now holding just under 30% of the company, while the founders and senior management retain operational control. The strengthened balance sheet positions R.Power for expansion across multiple European markets.
The Scornicesti project is notable in Romania because it will operate partly on a merchant basis, meaning its revenues will be linked to market conditions rather than relying solely on regulated support. As renewable generation from wind and solar continues to grow, large-scale battery projects like this are increasingly recognized as critical network assets, providing grid flexibility, alleviating congestion, and supporting balancing and ancillary services where commercial participation is permitted.
By embracing market-driven revenues, the project reflects confidence in the development of Romania’s flexibility and system services markets. Large battery installations such as Scornicesti are expected to set technical and contractual standards, from grid connection rules to participation in balancing mechanisms, helping to accelerate broader adoption of energy storage solutions.
Founded in 2010 and headquartered in Warsaw, R.Power has built a substantial European footprint, with 1.4 GW of capacity either operating or under construction and over 12 GW of projects across six countries, including Romania. Earlier in 2025, R.Power advanced the Scornicesti project through a joint venture with Eiffel Investment Group, selling a 49.99% stake to support financing, construction, and long-term operation of the battery storage facility.
