United Kingdom, May 20 -- The European Bank for Reconstruction and Development (EBRD) is strengthening grid stability and energy security in central Europe by lending €70 million to Slovenia based energy storage company NGEN Energetske Rešitve. The Bank's investment will finance the construction and operation of five large scale battery energy storage systems (BESS) across Latvia, Poland, Romania and Slovenia. The BESS will be supplied by Tesla, a US based manufacturer of battery storage technology, providing a proven and widely deployed technology for large scale applications.The systems will deliver a total of 302 MW of stored energy capacity, strengthening electricity grid stability in four European Union (EU) member states. They w...