Prime Batteries Technology — a leading manufacturer of lithium-ion batteries and energy storage systems in Europe — has secured a new investor. T2Y Capital, a fund specializing in investments within the energy transition sector, has joined the company’s shareholder base. Since 2022, Prime Batteries has been a portfolio company of InnoEnergy — Europe’s innovation leader in green energy and clean technologies.
Headquartered in Bucharest, Prime Batteries is one of the most technologically advanced providers of lithium-ion based energy storage solutions. The company operates a fully integrated value chain — from battery cell production, through assembly of complete systems, to the development of proprietary Battery Management System (BMS) software. Prime Batteries supplies solutions to clients in the energy, industrial, automotive, and logistics sectors, with its storage systems used, among others, by Hidroelectrica — the largest renewable energy producer in Romania.
InnoEnergy has supported Prime Batteries since 2022, enabling the company’s dynamic expansion into European markets and scaling its operations to an industrial level. Currently, Prime Batteries operates a manufacturing facility with an annual capacity of 2.3 GWh and plans to increase production to over 8 GWh by 2030. A key element of this strategy is the construction of a new factory in Fundulea with a planned capacity of 6 GWh, valued at approximately €700 million. Thanks to cooperation with InnoEnergy, Prime Batteries gained access to a European network of technology partners and investors, enabling it to fulfill orders for customers in Germany, Poland, Norway, Spain, and Italy.
The partnership with T2Y Capital marks another important milestone in Prime Batteries’ development. The new investor brings not only capital but also complementary expertise and access to new markets. T2Y Capital will help expand Prime Batteries’ offerings, including the Battery-as-a-Service model, and rapidly grow its international sales footprint to meet increasing demand.
“We warmly welcome T2Y Capital as a new shareholder and a strong partner for the next stage of our growth. With their support, we can further increase our production capacities. T2Y Capital’s presence strengthens Prime Batteries’ position as a leading lithium-ion technology provider in Europe, offering innovative market solutions,” adds Vicentiu Ciobanu, CEO of Prime Batteries.
T2Y Capital is a growth equity investment fund focused on the energy sector and related industries. Its goal is to scale innovative companies with proven business models by providing capital as well as strategic and operational expertise. T2Y Capital invests across the entire value chain, supporting the creation of European leaders in the energy transition. The fund operates under the highest standards of sustainable investing and is classified under Article 9 of the EU SFDR regulation, making it a credible partner for entities in the green transition sector.
“Prime Batteries is a European ‘hidden champion’ in the energy sector. The company is a technology leader with an established position in the EU market, operating on a profitable business model. As a strategic partner, T2Y Capital will support its international expansion and help scale Prime Batteries’ success to the gigawatt level,” emphasizes Benedikt Friedrich, Managing Director of Investments at T2Y Capital.
T2Y Capital’s investment further underscores Prime Batteries’ growing significance in the European sustainable energy ecosystem. Supported by two strong partners — InnoEnergy and T2Y Capital — the company is poised to play a key role in building an independent, innovative, and competitive battery value chain in Europe.
