TAALERI PLC | INVESTOR NEWS | 17 DECEMBER 2025 AT 9:00 (EET)
Taaleri, Tesi and investor group back Ren-Gas in EUR 16 million growth financing
Taaleri Investments Ltd (Taaleri) and Tesi (Finnish Industry Investment Ltd) have invested in Nordic Ren-Gas Oy, a Finnish developer of Power-to-Gas (P2G) solutions for producing renewable e-methane to reduce emissions in heavy road transport and shipping. The total value of the financing round is approximately EUR 16 million.
Alongside the company’s founders, Ren-Gas’ largest owners include Allianz and Suomen Tavara ja Raha Oy, an investment company owned by Ilkka Herlin, both of which also participated in this round.
Founded in 2021, Ren-Gas aims to build a nationwide network of P2G production plants across Finland in partnership with local energy companies. Its flagship project in Tampere is ready for construction, and the development pipeline includes over 700 MW of electrolysis capacity, which is equivalent to the annual fuel demand of around 7,000 heavy-duty trucks. Leveraging sector integration and its proprietary NRG SIMO optimisation platform, Ren-Gas delivers exceptionally cost-efficient hydrogen and e-methane production for Europe’s renewable electrofuel markets.
Demand for renewable fuels is growing rapidly across Europe. Ren-Gas benefits from Finland’s competitive renewable electricity prices, strong grid infrastructure, sector integration, and existing gas network. The projects are expected to deliver significant emissions reductions and align with EU taxonomy and the UN Sustainable Development Goals.
“We are delighted to make this first investment under our new development capital strategy. Ren-Gas represents exactly the kind of innovative and sustainable technology we want to support. Its solutions accelerate the energy transition and deliver substantial emissions reductions,” says Antti Salmela, Investment Director at Taaleri.
“Europe’s hydrogen market is developing fast, and Ren-Gas is exceptionally well positioned to meet the growing demand for e-methane. We are thrilled to welcome Taaleri and Tesi as investors in Ren-Gas’ growth story,” says Saara Kujala, CEO of Ren-Gas.
“This financing round enables us to capture early-mover advantages in a rapidly evolving sector. It strengthens our balance sheet and ability to bring projects from development to execution, while benefiting from Taaleri’s and Tesi’s strategic support and experience in building renewable energy value chains in Finland. We also thank our advisor ICECAPITAL, who has supported us almost from the start,” says Juhani Häyrinen, CFO of Ren-Gas.
“Ren-Gas is among Finland’s most advanced P2X developers, and its strong growth is driven by regulation favouring clean fuels at both national and EU level. The company fits perfectly with Tesi’s strategy to back industrial-scale projects, and we are pleased to support the creation of a new hydrogen value chain in Finland while helping Ren-Gas on its promising growth path,” says Esa Koponen, Investment Director at Tesi.
“We have supported Ren-Gas since our investment in 2022 because of its clear focus on delivering RFNBO-compliant fuels at scale for European markets. We are pleased to welcome Taaleri and Tesi as new investors enabling the next phase of this innovative P2X platform. This financing marks a key step in moving energy transition infrastructure projects decisively from development into execution and accelerating tangible decarbonisation for the transport sector,” adds Igor Lukin, Senior Portfolio Manager, Allianz Global Investors.
Additional information: Antti Salmela, Investment Director, Taaleri Investments Ltd, +358 50 540 4640, antti.salmela@taaleri.com Saara Kujala, CEO, Nordic Ren-Gas Oy, +358 40 184 9088, saara.Kujala@ren-gas.com Juhani Häyrinen, CFO, Nordic Ren-Gas Oy, +358 50 467 7435, juhani.hayrinen@ren-gas.com Esa Koponen, Investment Director, Industrial Investments, Tesi, +358 50 577 9166, esa.koponen@tesi.fi
Distribution: Nasdaq Helsinki Principal media www.taaleri.com
About Ren-Gas Nordic Ren-Gas Oy is Finland’s leading hydrogen economy project developer, constructing a decentralized network for renewable e-methane production in Finland. The renewable fuels produced by Ren-Gas will reduce the use of fossil fuels in heavy road and maritime transport by approximately 250 million litres annually. Ren-Gas’s projects aim to cost-effectively reduce over one million tons of carbon dioxide annually in the transportation and energy sectors. The energy source for the produced e-methane is sourced from Finnish wind power.
ren-gas.com/
About Taaleri Taaleri is a specialist in investments, private asset management and non-life insurance, powering change with capital. We are a frontrunner in renewable energy, bioindustry and housing investments as well as credit risk insurance. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We work in close cooperation with our credit risk insurance customers and partners.
Taaleri has three business segments: Private Asset Management, Garantia and Investments. The Private Asset Management segment includes the renewable energy, bioindustry and real estate businesses. The Garantia segment consists of Garantia Insurance Company. The Investments segment comprises development capital and other direct investments.
Taaleri has EUR 2.7 bn of assets under management in its private equity funds, co-investments and single-asset vehicles. The company employs approximately 130 people. Taaleri Plc is listed on Nasdaq Helsinki.
www.taaleri.com
About Tesi Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies, and to new industrial scale businesses.
www.tesi.fi
About Allianz Global Investors Allianz Global Investors is a leading active asset manager, managing EUR 580 billion in assets for individuals, families and institutions worldwide. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives.
Data as at 30 September 2025. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-à-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
Linda Tierala, Head of Investor Relations, Communications and Sustainability, +358 40 571 7895, linda.tierala@taaleri.com
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