The energy storage sector is growing rapidly in Romania and will “boom”, said Vlad Doicaru, Vice President Huawei Technologies.

“The storage sector is growing the most because until now there have been no relevant projects in Romania, but this year we expect a boom,” Doicaru said.

The renewable energy market has also seen significant growth compared to last year, with falling costs per MW, but at the same time new challenges are emerging.

“We need to find balancing solutions, including storage, not just energy production,” he added.

The vice-president of Huawei Technologies also said that 2024 is shaping up to be an “exciting year” for large renewable energy projects as well as residential and industrial projects as the market grows.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.