The European Bank for Reconstruction and Development (EBRD) is supporting the development of a large-scale battery energy storage system in Scornicești, Romania. The project, co-owned by pan-European Independent Power Producer (IPP), R.Power S.A., and Eiffel Investment Group, through its managed fund Eiffel Transition Infrastructure SLP, will deliver installed capacity of 127 MW / 254 MWh and strengthen Romania’s energy security. The bank will provide up to EUR 44 million in financing to support the project’s development, construction, and operation, on a non-recourse project finance basis.  Part of the EBRD financing (EUR 29 million) will be supported by the InvestEU first loss guarantee.