Capalo AI secures €11 million to optimise flexible energy assets

The global transition towards renewable energy is accelerating, making the electricity landscape more volatile due to the weather-dependent nature of solar and wind power generation, as well as the increased demand for electricity from data centres.

Founded in 2022 by Henri Taskinen, Riku Kukkonen, Teemu Lappalainen and Eerik Jauhiainen, Capalo AI offers digital infrastructure designed to optimise the performance of flexible energy assets. Its core platform operates as a virtual power plant, aggregating large-scale battery storage and renewable energy sites into a unified system. Using advanced machine learning models and highly precise forecasting, the technology automates multi-market trading and dispatch in real time, providing the stability required to manage a distributed energy ecosystem.

The Finnish start-up recently secured €11 million in Series A funding, led by Heartcore Capital and with contributions from Tesi, VentureFriends, PROfounders, Inventure and Innovestor, to drive its international expansion beyond its current presence in the Nordics and Baltics and further refine its AI-driven optimisation capabilities to support the continent's energy resilience.

Sources: Capalo AI | Crunchbase

Founders: Henri Taskinen, Riku Kukkonen, Teemu Lappalainen, Eerik Jauhiainen