Capalo AI partners with Innovestor to trade and optimize a total of 15MW/60MWh of behind-the-meter energy storage
Helsinki, 10.10.2024 — Capalo AI partners with Finnish investment manager Innovestor for an energy storage initiative designed to smooth out fluctuations in clean energy production and enhance energy system resilience. The initiative focuses on decentralized energy storage systems installed directly in commercial properties, improving energy grid efficiency, supporting flexible energy consumption, and accelerating the transition to clean energy sources.
In the initiative’s first phase, Innovestor will install local battery systems across 30 commercial properties. These energy storage units deliver 15 MW of power and a total energy capacity of 60 MWh. They will be integrated into the Capalo Zeus Virtual Power Plant (VPP) to participate in all Finnish ancillary and wholesale markets to balance the Nordic grid.
By pooling these assets in a virtual power plant, Capalo AI increases trading flexibility, scheduling efficiency, and the revenue the assets generate from the markets. Capalo AI will aggregate, trade, and optimize the distributed batteries across every ancillary and wholesale market in Finland to maximize the assets’ benefit for the electricity system. All battery systems will be co-located with both production and consumption, adding optimization complexity and earning opportunities.
Innovestor’s energy storage initiative, which focuses on “behind-the-meter” solutions, is estimated to cut carbon dioxide emissions by over 900 tons annually by reducing reliance on non-renewable energy sources through solar energy stored in the batteries. Finland’s Ministry of Economic Affairs and Employment has granted the project €3.6 million in REPowerEU support, aimed at accelerating the green transition.
“Storing energy directly in properties during periods of overproduction or low demand enables efficient use during high electricity price peaks. This not only alleviates grid stress during peak consumption but also enhances system resilience and supports local energy generation. Local energy storage reduces dependence on power plants, transmission infrastructure, and non-renewable energy sources, offering significant benefits to consumers, property owners, and the environment,” says Elie Kopaly, the Investment Director for the energy storage segment at Innovestor.
“Behind-the-meter energy storage systems will be increasingly important for the resilience of the Finnish grid. Innovestor is leading the way with its 15MW/60MWh initiative. We’re proud to partner with them to maximize the value of these batteries across every ancillary and wholesale market and pave the way for a decarbonized grid,” says Henri Taskinen, CEO of Capalo AI.
Innovestor is a Finnish investment manager focusing on venture capital, real estate, and energy storage. In addition, we offer corporate venturing services. The firm currently manages six VC funds with a total capital of over €250 million. Consisting of over 100 growth companies across multiple sectors of technology and life science & health, it represents one of the largest private venture-backed portfolios in the Nordics. Our mission is to make Good Money.
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.
Capalo AI partners with Lehto Group to Optimize Distributed Battery Energy Storage Systems in Finland
Helsinki, 1.10.2024 — Capalo AI, a sustainable growth company specializing in AI-based trading and optimization services for energy storage, has announced a partnership with Lehto Group to trade and optimize multiple distributed battery energy storage systems (BESS) across Finland.
Earlier this year, Lehto Group announced its commitment to real estate energy solutions and electricity storage. Drawing on its extensive experience in real estate project development, planning, construction, and maintenance, Lehto Group intends to implement energy-saving solutions that improve the balance between energy production and consumption in real estate.
Lehto aims to implement the first battery solutions to be installed in buildings in 2024. The pilot sites have already been identified and related planning has started.The collaboration with Capalo AI will enhance energy efficiency, increase property values, and provide new financing solutions for real estate owners.
Capalo AI will aggregate, trade, and optimize Lehto Group’s distributed batteries within multiple Finnish ancillary markets. These batteries will be integrated into Capalo Zeus VPP (Virtual Power Plant), contributing to the balance of the Nordic electricity grid. By pooling the batteries, Capalo AI enhances flexibility in trading and scheduling, leading to increased revenues for real estate owners. Utilizing fully automated, self-learning trading strategies, battery state-of-charge management, and multi-revenue stream optimization, Capalo AI will maximize the lifetime value of these distributed batteries.
“The ongoing revolution in the energy landscape demands innovative thinking. Our partnership with Capalo AI to optimize distributed batteries in real estate is a significant step towards this innovation. Decentralized energy production and storage systems will be essential for the future of energy infrastructure, and together, we can maximize their full potential,” said Hannu Lehto, CEO and Member of the Board of Directors of Lehto.
“Decentralized energy production in real estate is crucial for a sustainable and resilient future. Our collaboration with Lehto Group showcases how intelligent optimization and orchestration of distributed batteries can meet the future demands of the electricity landscape,” said Henri Taskinen, CEO of Capalo AI.
Lehto Group’s history is in construction, property development, and manufacturing construction materials and prefabricated building elements. Today the company focuses on energy services, energy storage and distribution, and energy-saving services. Lehto Group is a stock-listed company on Nasdaq Helsinki Ltd.
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.