REVENUE CALCULATIONS

500+ MW of project-financed merchant BESS, backed by our revenue calculations.

Our revenue simulations combine real wholesale and ancillary market data, the assets technical parameters, and the same forecasting and optimization logic we use in live trading. Our calculations are built to support financing, investment, and sales decisions, not just to estimate a number.

Revenue calculations used by

+50

Analyses completed for asset owners,
developers, investors, and banks.

Analyses completed for asset owners, developers, investors, and banks.

What the simulation includes

Priced on real
market data

Built on actual historical wholesale and ancillary market prices, using market saturation and development assumptions for the years ahead.

Modeled on your asset’s
real technical parameters

Availability rate, round-trip efficiency, and cycle limits – set to your project’s actual specification, not generic defaults.

Grid connection limits

Import/export limits at the grid connection point, modeled as a hard constraint on the simulation.

Battery degradation

Revenue is simulated against the assets expected capacity fade over its operating life, not a fixed, undegraded battery.

every relevant market, not just spot

Day-ahead, intraday, and the balancing/ancillary markets available to the asset – modeled together, the way the asset would actually be traded.

TRANSPARENT, AUDITABLE OUTPUT

A report showing expected revenue levels and the split by market, with the full dataset available to integrate into your company dashboards.

Built by a company that trades these assets daily across multiple EU markets, not a modelling house

Our revenue simulations run on the same forecasting and optimization models behind our live trading operations.

Simulated VS Realized

While forecasts from consultancy houses have their benefits, they aren’t made by companies that trade these assets. Our revenue simulations are built with years of trading experience across multiple EU markets. That same experience has helped secure financing for more than 500 MW of project-financed merchant BESS.

Realized net revenue as a % of the original simulation, 2026 (annualized).

Source: Capalo AI, Realized Net Revenue Performance vs Simulation Results, July 2026 

Realized net revenue as a % of the original simulation, 2026 (annualized).

Source: Capalo AI, Realized Net Revenue Performance vs Simulation Results, July 2026 

Use cases


Project Financing
& Refinancing


Final Investment
Decisions (FID)


Sizing & Duration
Comparison (2h vs 4h)


Investor Discussion
& Asset Sales


Offtake
Structuring


Hybrid Revenue Calculations

Optimal sizing of the BESS
for existing Wind/PV asset

Realistic production
forecast

Sample reports, by market

Markets covered

Our simulations are battle-tested across every market we trade in, and available for any country where Capalo AI is active.

Bulgaria
Estonia
Finland
Greece
Latvia
Lithuania
Poland
Portugal
Romania
Spain
Sweden

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FFR | FCR-D | FCR-N | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR | aFRR | mFRR | Intraday | Spot

Your contacts:

Active markets:

FCR* | aFRR | mFRR | Voltage control** | Technical restrictions | Intraday | Spot
* Mandatory ** Market under development 

Your contacts:

Active markets:

FCR-D | FCR-N | mFRR | Intraday | Spot

Your contact:

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Contact

If your project is approaching financing, FID or sale, let’s build a revenue case that stands up to scrutiny.

Contact us
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