Capalo AI, a Finland-based startup, has secured $4.1 million in seed funding to optimize battery storage using AI. Their platform forecasts renewable energy generation and consumer demand, helping battery providers manage charging and discharging schedules. This facilitates efficient energy usage, particularly in addressing the challenges posed by intermittent renewable sources like wind and solar power. By employing a model that analyzes weather and consumption data, Capalo AI leverages virtual power plants to enhance grid reliability and enable battery owners to maximize profits while supporting energy demands.
"Our model then decides, how do we run and schedule this battery charging so we can provide the right commitments to the grid?" Taskinen added.
"Then we decide how to utilize these batteries, so the battery owner can maximize how much they earn, and the grid benefits as much as possible," Taskinen said.
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