Moldova to get USD 85m of US funds to add battery storage

The US government has pledged to make a USD 85-million (EUR 78.3m) investment into Moldova’s energy segment by supporting the deployment of large-scale battery energy storage capacity in the Eastern European country.

The investment will be provided as part of a USD-300-million support package by the Agency for International Development (USAID) and will be directed toward overcoming energy issues following the war in Ukraine, the Moldovan government said on Thursday.

The proposed battery energy storage capacity will be installed to improve the reliability of Moldova’s power grid and enhance energy security. The operation of the facilities, which will serve as power reserve capacity during fluctuations in demand, is also expected to boost electricity trade with Romania, Ukraine and the European market.

Specific details about the planned projects were not available. According to the government’s announcement, one of the locations that will host a large-scale battery storage system will be the Braila power station in Chisinau municipality.

(USD 1.0 = EUR 0.921)

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