Helsinki, 20.12.2023 — Taaleri Energia, a leading European renewable energy investor, and Capalo AI, a growth company focused on AI-driven BESS trading and optimization, announce a partnership to trade and optimize Taaleri’s 30MW/36MWh battery energy storage system in Finland. Capalo AI will trade the battery in all Finnish ancillary markets (FFR, FCR-D, FCR-N, aFRR, mFRR) and Nord Pool wholesale markets (Spot, Intraday).
Under this partnership, Capalo AI provides its turnkey trading, aggregation, and optimization service, leveraging its innovative AI technology to manage and optimize the 36 MWh battery. The service allows participation in all available revenue streams, ensuring maximal lifetime value for the asset.
Furthermore, the Capalo AI algorithms will trade the battery as a part of their VPP pool, together with other BESS assets. This provides further effectiveness in its scheduling and market participation, providing additional upside on revenues.
Taaleri Energia’s 30 MW/36 MWh battery is a significant commitment to green transition and a more stable electricity grid in the Nordics. The asset is part of Taaleri’s SolarWind III Fund.
“Renewable energy is the only sustainable way to achieve global climate targets. Storage facilities are needed in order to increase the share of renewable energy in the electricity grid further. This trading agreement with Capalo AI ensures our BESS investment will be utilized optimally on an hour-to-hour basis to help achieve these targets, “ said Aleksi Nordlund, Director Power Markets at Taaleri Energia
“We’re very pleased to start the partnership with Taaleri Energia, one of the leading clean energy investors, to maximize the value of their energy storage in a volatile and rapidly changing market environment. AI-based optimization and access to every revenue source are crucial in maximizing the lifetime value of a large-scale battery asset,” said Henri Taskinen, CEO of Capalo AI.
Taaleri Energia is a renewable energy developer and fund manager with one of the largest dedicated renewables investment teams in Europe. The team manages a 9.6 GW wind, solar and battery storage portfolio in Europe, the US, and the Middle East.
Taaleri Energia was ranked as a “Consistent Top Performing Infrastructure Manager” by Preqin in 2020, 2021, 2022 and 2023.
Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki stock exchange.
www.taalerienergia.com
Capalo AI is a sustainable tech company that maximizes the value of energy storage systems across all markets. We combine the most accurate forecast data with cutting-edge AI models to optimize the trading of battery energy storage systems.
For more information, contact:
Aleksi Nordlund, Director Power Markets, Taaleri Energia, Tel. +358 504536290
Henri Taskinen, CEO of Capalo AI, Tel. +358 440369966
Riku Kukkonen, CSO of Capalo AI, Tel. +358 445469012
