Romania, June 8 -- The European Bank for Reconstruction and Development (EBRD) is supporting the development of a large-scale battery energy storage system in Scornice?ti, Romania. The project, co-owned by pan-European Independent Power Producer (IPP), R.Power S.A. and Eiffel Investment Group, through its managed fund Eiffel Transition Infrastructure SLP, will deliver installed capacity of 127 MW / 254 MWh and strengthen Romania's energy security.The Bank will provide up to €44 million in financing to support the project's development, construction and operation, on a non-recourse project finance basis. Part of the EBRD financing (€29m) will be supported by InvestEU first loss guarantee.Romania is rapidly expanding renewable ene...