Elenger Grupp, the energy arm of AS Infortar, has agreed to acquire 100% ownership of Latvia-based SIA Mood Deco, securing control of a battery energy storage system (BESS) project at the development stage.

The key insight is straightforward: Elenger is choosing to enter battery storage at the development phase, not at construction or operation. This reflects a deliberate move to control project optionality, siting, and execution risk early, rather than paying premiums for de-risked assets later.

Mood Deco’s sole asset is a battery energy storage park project in Latvia that has not yet reached construction. By acquiring the platform now, Elenger gains flexibility on system sizing, grid strategy, and timing—critical in a Baltic market where storage revenues and grid roles are still evolving.

Commercially, this approach lowers entry pricing while preserving upside. Early-stage storage assets allow strategic owners to shape capex decisions and align development pace with market signals, rather than inheriting fixed assumptions embedded in late-stage valuations.

The deal also signals how regional energy players are positioning for storage growth. Instead of buying scale, Elenger is building optionality, using development-stage control to stack future value as Baltic power markets absorb more intermittent generation and grid balancing demand increases.

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