SINTEZA S.A. announces a new project

BUCHAREST, Romania, Nov. 20, 2024 –Lockheed Martin and Romanian company Sinteza S.A. have signed a Letter of Intent for licensing negative electrolyte production in the city of Oradea, Romania.

GridStar Flow is an innovative, redox flow battery designed to advance clean energy affordability and sustainability. Made in Andover, Massachusetts, and engineered for the future of energy, GridStar Flow operates under zero carbon emissions and enables resilient, secure energy.  

Today’s development follows the recent success of Sinteza in securing a €25 million National Recovery and Resilience Plan (NRRP) co-financing funds for the electrolyte that is used in GridStar® Flow large-scale batteries.

The letter of intent was signed by Ray Piselli, Vice President of International Business at Lockheed Martin, and the CEO of Sinteza S.A., Gelu Stan, in the presence of Romanian Minister of Energy, Sebastian Burduja the U.S Ambassador to Romania, H.E. Kathleen Kavalec.

It establishes a pathway for the parties to begin the development process for a future €50 million factory which will produce 30,000 tons of negative electrolyte per year, starting in the summer of 2026. This will be the world’s largest and first European facility of its kind.

This flow battery is designed to address new disruptive challenges faced by the electric energy sector, enabling clean, reliable and secure energy. As the clean energy evolution continues, Lockheed Martin remains focused on GridStar Flow’s role in the future of energy security. Currently, GridStar Flow is the world’s only flow battery offering that can counter anticipated and unforeseen grid disruptions.