Growing pressure on Europe’s electricity grids drives €11 million for Capalo AI to scale virtual power plant operations
Helsinki-based Capalo AI has secured €11 million in Series A funding to advance its AI-powered virtual power plant technology across Europe. This investment aims to scale the optimisation and trading of battery energy storage systems, addressing growing pressure on European electricity grids. The funding round, led by Heartcore Capital with participation from Tesi and existing investors, signifies robust investor confidence in intelligent solutions for the clean energy transition. Capalo AI's virtual power plant leverages artificial intelligence to orchestrate battery storage, enhancing the integration of renewable energy sources like solar power. The company aims to provide greater efficiency than traditional grid expansion, reducing the need for costly infrastructure investments. By maximizing the value of battery storage and strengthening energy resilience, Capalo AI positions itself as a key player in Europe's sustainable energy future. This funding is part of a broader trend of significant investment in European energy storage and optimisation technologies, with recent rounds totaling approximately €371 million. Companies like LIFEPOWR, enshift, TWAICE, and Dexter Energy have also received substantial funding for their contributions to virtual power plants, predictive analytics, and AI-driven forecasting. These parallel developments underscore a growing European focus on digital solutions for energy efficiency and grid stability.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.