Electro-Alfa International (BVB: EAI), a Romanian electrical equipment and energy efficiency company recently listed on the stock exchange, announced plans for a 52 MW battery energy storage system (BESS) facility in Șelimbăr, Sibiu County with an estimated EUR 25 million development cost and 12-month construction timeline. The company is considering whether to operate or sell the completed project to other energy sector investors.

Electro-Alfa International (BVB: EAI), a manufacturer of electrical equipment for energy infrastructure, announced a shareholder meeting on May 29 to propose RON 39.6 million in dividends from 2023-2024 retained profits, equivalent to RON 0.21 per share. The company reported a net profit of RON 99.7 million in 2024 and RON 57.4 million in 2023, representing 74% year-over-year profit growth.