Monday, 9 February 2026
MetaWealth, a European Real Assets Investment Platform, is entering the battery energy storage system (BESS) market with multiple grid-scale storage projects in Romania, as growing renewable power generation increases demand for flexible power infrastructure.
BESS has expanded rapidly across Europe, with installed capacity growing at an average annual compound growth rate of nearly 50% over the last decade and reaching more than 61 GWh by the end of 2024 and is expected to grow ten-fold by 2030.
Romania generates close to half of its electricity from renewable sources, yet it has limited operational battery storage capacity. That imbalance has increased the need for grid-scale flexibility, drawing institutional attention to energy storage as essential infrastructure rather than an emerging technology.
MetaWealth’s initial BESS EUR 22 million investment will total 130 megawatt-hours (MWh) across standalone and co-located assets. The first anchor project is a 100 MWh standalone battery system in Dumbrava, Neamț (Romania), located close to existing grid infrastructure and renewable generation capacity. In parallel, the company is developing 30 MWh of co-located storage across multiple sites connected to existing grid connections.
The first 30 MWh is targeted to become operational in Q3 2026, with the full 130 MWh commissioned by Q4 2026. MetaWealth said the projects form the foundation of a longer-term Romanian storage platform, with a further 650 MWh under development across multiple sites totalling EUR 110 million.
“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 with the right locations, grid access, and execution discipline from day one.”
