Dais Energy Ventures, Kemexon, & ESPO Holding announce Joint Venture

Dais Energy Ventures, Kemexon, & ESPO Holding announce Joint Venture to Deliver 600MW of BESS Projects in Romania

Dais Energy Ventures, Kemexon and Romanian renewable energy developer ESPO Holding has entered a joint venture to accelerate the deployment of 600MW of battery energy storage systems (BESS) in Romania over the next three years. This collaboration underscores the shared commitment of all parties to advancing sustainable energy infrastructure in Europe and addressing critical challenges in Romania’s energy market.

A Vital Opportunity for Energy Transition

The projects, which range in duration and functionality, are designed to manage the volatility of power prices while significantly increasing the integration of renewable energy into Romania’s grid. These systems will provide essential support to grid stability and flexibility, enabling a higher penetration of wind and solar power. Ready-to-build (RtB) dates for the initial projects are targeted for mid-2025, marking an ambitious timeline for the region’s energy transition.

Strategic Alignment for Energy Innovation

Dais Energy Ventures, a leader in renewable energy development, will bring its expertise in large-scale BESS deployment, while Kemexon, known for its market expertise in asset-backed trading, will contribute its technical and market insights. ESPO Holding, with its strong track record in renewable energy development in Romania, will provide critical local expertise and project development capabilities.

Quotes from Key Leaders

“As a leading commodity player, we recognise the evolving energy landscape and the urgent need for a more sustainable future. Entering into a joint-venture to support the development of BESS in Romania aligns with our strategy to diversify our portfolio and actively support the global energy transition. This initiative reflects our commitment to innovation and to delivering reliable, cleaner energy solutions for the next generation ,”

Said Antoine Vayner, Head of Investment, Kemexon.

“We are excited to add this partnership to our pan-European BESS platform. Working collaboratively with Kemexon and ESPO as our local partner we are confident in our ability to deliver BESS projects at the scale needed to support the energy transition in Romania. The market has a real need for energy storage, and we look forward to contributing our in-depth BESS development, construction and operation knowledge and resources to this partnership.”

Added Daniel Connor, CEO of Dais Energy Ventures.

“At ESPO Holding, we are deeply committed to ensuring that these projects move beyond the planning stage and become operational realities. This joint venture is not just about ambitious targets on paper; it’s about delivering fully functional BESS projects that will directly support Romania’s energy grid and drive its renewable energy transition. By combining our local expertise with the strengths of Dais Energy Ventures and Kemexon, we are determined to see these systems actively contributing to grid stability and a sustainable energy future”

Said Mihai Demeter, Managing Partner, ESPO Holding.

A Clear Vision for Romania’s Energy Future

This joint venture not only emphasizes the urgency of deploying large-scale BESS projects to address grid challenges but also highlights the importance of partnerships in achieving ambitious energy transition goals. Together, Dais Energy Ventures, Kemexon, and ESPO Holding are well-positioned to drive meaningful progress in Romania’s energy landscape, contributing to a sustainable and resilient energy future.

Vlăsceanu & Partners has acted as legal advisor to Dais Energy Ventures and Kemexon, providing strategic counsel on their innovative energy ventures.