Romania's Prime Batteries Intends to Establish a Second Production Facility in the Vicinity of Bucharest
💣🔋🚀 Here's the lowdown on Romanian battery biz, Prime Batteries Technology! Owned by local entrepreneur, Adrian Polec, they've got big plans for a second factory 🏭 yes, you heard that right!
Thanks to a report by Profit.ro, we've got the scoop: The new factory is going to gobble up an 8.8-hectare plot in Fundulea, and Prime Batteries aims to plunk down a whopping EUR 700 million for the project.
Now, hold on to your hats, 'cause this ain't just some backyard shed operation – the new factory's potential capacity? A staggering 6 GWh 🤯! That's a mighty leap from their existing factory near Bucharest, Cernica, which churns out 2.3 GWh annually after a EUR 230 million investment.
construction of the new factory will commence soon 🛠️ and shake things up in the battery world. Get ready for some serious power storage action!
(Pic credit: Prime Technology on LinkedIn)
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PS: Adrian Polec's baby has big plans to muscle its way into the world of lithium-ion battery manufacturing, with a production capacity increase from 2.3 GWh to a mind-boggling 6 GWh in the new factory 💥🚀! The investment in this new venture? A cool EUR 700 million, compared to their existing factory's EUR 230 million price tag. 🤑💰 Grand ol' plans indeed! 💥💥
The new factory's construction in Fundulea, owned by Prime Batteries Technology, will require a significant investment of €700 million in the industry sector, focusing on energy storage through lithium-ion battery manufacturing. This project, aiming for a capacity of 6 GWh, is a significant expansion from their current factory near Bucharest, Cernica, which has a capacity of 2.3 GWh.
