Romania allocates EUR 250 mln from Modernisation Fund to smart meters and energy storage

20 July 2026 Romania will allocate EUR 250 million from the EU Modernisation Fund to expand electricity storage capacity and accelerate the rollout of smart meters, acting prime minister and energy minister Ilie Bolojan announced on July 18. The funding will be split between a EUR 100 million programme for smart electricity meters and a EUR 150 million state aid scheme supporting stand-alone battery storage projects. Both measures are intended to reduce electricity costs and strengthen the resilience of the power system by 2030. "The new allocation of EUR 250 million, in the form of European grants from the Modernisation Fund, will support the optimisation of energy consumption, so that the cost of the energy bill will be reduced in the coming period," Bolojan said in a Facebook post. The