T2Y Capital has invested in Prime Batteries Energy Holding S.r.l., becoming its second-largest shareholder, to support the company's international growth and production capacity expansion in the energy storage sector.

Target Company Overview

T2Y Capital is making a strategic investment in Prime Batteries Energy Holding S.r.l. ("Prime Batteries"), a prominent Romanian manufacturer renowned for its energy storage solutions. The company is distinguished by its technological independence and vertical integration, allowing it to produce the entire energy storage system in-house, from battery cells to proprietary battery management software. Prime Batteries is recognized as a leading provider of lithium-ion-based energy storage solutions within the European Union, playing a crucial role in balancing renewable energy supply and enhancing grid stability.

Founded in 2016 and headquartered in Bucharest, Prime Batteries employs 160 personnel and operates a battery factory with a current production capacity of 300 MWh. Additionally, Prime Batteries is actively ramping up a new facility aimed at achieving a production capacity of 2 GWh. The company's strategic intent is to further expand its annual production output to 8 GWh by 2030.

Industry Overview in Romania

The energy storage industry in Romania is witnessing significant transformation, propelled by the broader European shift towards renewable energy sources. Romania's location, coupled with its resources, positions it as a key player in the regional energy landscape. The government has b