Second Foundation makes first Romanian energy storage investment

Business Forum
PeliPartners assisted Second Foundation in acquiring stakes in energy storage projects with a combined capacity of approximately 150 MW in southern Romania.

The transactions mark the Czech company's first investments in the Romanian battery energy storage system market.

The deals represent a step in consolidating Second Foundation's presence in CEE while contributing to Romania's energy transition.

Founded in 2019 in the Czech Republic, Second Foundation has grown to become one of the leading players in European spot electricity markets. The company has distinguished itself through algorithmic trading expertise and renewable energy management optimization, expanding to Switzerland, Germany, the USA, and Japan with more than 350 employees worldwide.

Beyond trading activities, Second Foundation aims to develop a portfolio of energy assets, including battery storage systems, which support renewable energy integration and energy system stability.

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