The move represents the company's expansion beyond real estate into energy infrastructure as renewable power generation increases demand for grid flexibility.

Battery energy storage has grown rapidly across Europe, with installed capacity expanding at nearly 50% annually over the past decade, reaching over 61 GWh by end-2024. The sector is expected to grow ten-fold by 2030, according to SolarPower Europe. Romania generates close to half its electricity from renewable sources but has limited operational battery storage capacity, creating demand for grid-scale flexibility solutions.

Metawealth's initial €22 million investment will deliver 130 megawatt-hours (MWh) across standalone and co-located assets. The anchor project is a 100 MWh standalone battery system in Dumbrava, Neamț, located near existing grid infrastructure and renewable generation capacity. The company is also developing 30 MWh of co-located storage across multiple sites.

"Battery storage has moved from being a supporting technology to becoming essential grid infrastructure," said Richard McLaughlin-Duane, who leads origination and structuring at Metawealth. "In markets like Romania, renewable generation has scaled faster than system flexibility. That creates volatility, but also a clear investment case for storage when projects are built to institutional standards."

The first 30 MWh is targeted to become operational in Q3 2026, with the full 130 MWh commissioned by Q4 2026. The projects form the foundation of a longer-term Romanian storage platform, with a further 650 MWh under development across multiple sites.