The plant will have an annual capacity of 30 GWh and is expected to create at least 1,900 direct jobs

The new plant is expected to supply batteries for more than 295,000 EVs every year in the European Economic Area

Companies hit by rising gas and electricity prices could reportedly get state aid

CE Oltenia, active in power generation, local heat supply and mining, is the third largest producer of electricity in Romania

The copper foil manufactured by Volta Energy Solutions in this facility will specifically be used for EV batteries

The guidelines include sections to support the decarbonisation of the economy in a ‘broad and flexible manner’ open to all technologies that can contribute to the European Green Deal

France introduced a regulatory mechanism for natural gas storage in December 2017, with the aim of keeping existing storage capacities deemed necessary in operation to ensure the security of gas supply

The Commission said the scheme, approved until 2026, will further promote energy efficiency, lead to a better integration of co-generated power into the German electricity market and lower CO2 emissions, without distorting competition

The aid will be granted in the form of a two-way Contract for Difference premium

The district heating system in Bucharest is the largest of its kind in the EU and the second largest in the world, serving 1.2m people