Capalo AI announced it has raised €11 million to accelerate international expansion and scale the optimization and trading of battery energy storage systems across Europe, including stand-alone assets and batteries co-located with wind or solar farms.
Founded in 2022, the company positions itself as an AI-driven battery storage trading and optimization platform that uses forecast data and AI models to improve market participation and returns for energy storage owners while supporting grid resilience through its virtual power plant approach.
Capalo AI said that in 2025, its total contracted battery capacity exceeded 1 GW, representing a more than fivefold increase in less than 12 months. The company also said it grew revenue fivefold and doubled its team size over the same period.
With the new funding, Capalo AI plans to expand beyond its current markets in Finland, Sweden, Latvia, and Lithuania into additional European countries in 2026, while significantly growing its client portfolio. The company said it already works with infrastructure investors and independent power producers, including FRV (Fotowatio Renewable Ventures), RPC (Renewable Power Capital), Ardian-owned eNordic Evergreen, and MW Storage.
Capalo AI describes itself as a sustainable tech company focused on maximizing the value of energy storage systems across markets by combining forecast data with AI models. It said it currently has a 48-member team and was founded by Henri Taskinen, Riku Kukkonen, Teemu Lappalainen, and Eerik Jauhiainen.
KEY QUOTES
“The global clean energy transition is moving forward at an unstoppable pace, with solar power leading the way. However, the electricity system is facing increasing challenges to install all the new capacity and maintain resilience. Infrastructure alone cannot solve this challenge, intelligence is essential. Intelligently orchestrated battery storage is now critical to accelerating the renewable energy ramp-up and building pathway toward a truly sustainable energy system.”
“We’re working hard to maximize our scale to become Europe’s leading battery storage and renewable asset optimizer and trader. With our AI-driven virtual power plant, we can deliver greater efficiency than grid expansion alone, replace costly grid infrastructure investments, and maximize the value of battery storage while strengthening Europe’s energy resilience.”
Henri Taskinen, Co-founder And CEO, Capalo AI
“European industrial competitiveness depends on stable, low-cost power, making batteries the ultimate linchpin of the energy transition. Capalo AI is building the critical digital infrastructure to operate and optimize these assets at scale. The team’s ability to translate technical depth into a repeatable monetization engine positions them as the primary coordination layer for the next generation of European energy markets.”
Paulina Koschitz, Principal, Heartcore Capital
“The demand for battery energy storage systems continues to grow alongside the clean transition. Riding this trend, Capalo has rapidly expanded in recent years and achieved a notable position in its current target markets. The Capalo team has done excellent work, and we are excited to collaborate with the company and support the scaling of its international growth.”
Jan-Patrick Haikkola, Investment Manager, Tesi
