Taaleri Oyj expanded its business to energy storage systems. Taaleri's renewable energy business Taaleri Energia is investing in a 30 MW /36 MWh battery energy storage system in Lempäälä, some 25 kms south of Tampere. The facility will be one of the largest battery energy storage systems operating in the Finnish frequency reserve market. The capacity of the system has the potential to be doubled in the future.

The battery energy storage facility will support the balancing of production and consumption in the main grid by participating in Fingrid's reserve market. The developer of the project is Merus Power, and they are also responsible for the turnkey delivery of the energy storage system. Taaleri recently strengthened its expertise in energy storage systems with the recruitment of Ville Rimali in January 2023.

Rimali previously worked in the energy storage business at Wärtsilä. The investment in Lempäälä is part of the development seed portfolio that Taaleri Energia has assembled for its next fund, the Taaleri SolarWind III Fund. The fund will acquire the portfolio after the first close, which is expected to take place in Second Quarter 2023.

The SolarWind III Fund will continue to look at battery energy storage investment opportunities across its target markets during its investment period. Taaleri SolarWind III Fund will be classified as dark green, i.e. an article 9 fund under the EU Sustainable Finance Disclosure Regulation. The fund only makes sustainable investments in projects that contribute substantially to climate change mitigation.

The fund also reports extensively on the sustainability impact of its investments. Renewable energy and sustainable development are at the core of Taaleri Group's strategy. Taaleri's private asset management business focuses on renewable energy, bioindustry and real estate.