Capalo AI Enters Greece with a RES Aggregator License and its First Optimization Agreement in the Market
Helsinki, 18 June 2026 – Capalo AI, a sustainable technology company specializing in optimization, trading, and route-to-market services for stand-alone and co-located battery energy storage systems (BESS), has entered the Greek market. The company is now fully licensed from the Greek Regulatory Authority for Energy, Waste and Water, RAAEY to operate as a renewable energy sources (RES) aggregator in Greece with a capacity of 1.3GW, and has signed its first optimization agreement in Greece with HAG Energy for a hybrid park located in Ioannina.
For HAG Energy, Capalo AI will optimize and trade a hybrid park, including a 5 MW / 10 MWh BESS and 4 MWp of solar PV production. The said hybrid park is part of a wider portfolio of hybrid parks from HAG Energy comprising 13.75 MW/27.5 MWh battery energy storage systems and 11.5 MWp solar parks.
Moving at pace, with the trading license and the first contracted asset, Capalo AI is expanding into Greece alongside its other six operational markets in Europe; Bulgaria, Finland, Latvia, Lithuania, Poland, and Sweden and will enter an additional four markets later this year; Estonia, Portugal, Romania, and Spain.
In Greece, Bulgaria and Romania, Capalo AI has also partnered with an offtake counterparty to provide customers with bankable, fixed-revenue contracts such as floor and tolling agreements.
Greece is a key market for BESS and for Capalo AI. The scale of renewable energy curtailment, the Greek Government’s commitment to new storage installations, and the significant volume of the project pipeline signal that Greece is entering a period of rapid growth for batteries.
“Starting operations now that we have our license and our partnership with HAG Energy is an important first step in our market entry. We look forward to expanding our presence here at speed and offering our multimarket trading and optimization at scale,” said Henri Taskinen, CEO of Capalo AI.
Capalo AI has rapidly become one of the leading pan-European optimizers and traders, the company currently manages 1.5 GW of batteries and 460 MWp of solar, of which 500 MW and 300 MWp are already live under trading and optimization.
About Capalo AI:
Capalo AI is a sustainable technology company specializing in AI-driven optimization and trading of standalone and co-located battery energy storage systems. Its turnkey service, Capalo Zeus VPP™, provides route-to-market access, AI-optimized multi-market trading and optimization, Balance Responsible Party (BRP) and Balance Service Provider (BSP) services, managing everything from prequalification to lifetime value maximization. Capalo AI operates and optimizes flexible assets across six European markets, Bulgaria, Finland, Lithuania, Latvia, Poland, and Sweden and is expanding its operations across another five European markets in 2026, Estonia, Greece, Portugal and Spain. The company manages 1.5 GW of batteries and 460 MWp of solar, of which 500 MW and 300 MWp are already live under trading and optimization.
