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.
