Capalo AI rose to the top of Deloitte's Technology Fast 50 growth list
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Capalo AI has risen to the top of Deloitte's Technology Fast 50 growth list. The list selects the fastest-growing technology companies, and Capalo AI placed first.
Capalo AI develops an AI-based virtual power plant platform. The platform optimises the operation of electricity storage, meaning it decides when stored electricity is worth buying or selling. The platform also operates in electricity markets, where the price of electricity often changes.
A virtual power plant refers to a system that combines several smaller energy units into a single whole. In this way, small electricity storage units can work together even when they are located in different places. With the help of AI, the system can react quickly to changes in electricity prices.
Deloitte's list shows which companies have grown the fastest over a given period. Capalo AI's success suggests that electricity storage and artificial intelligence are becoming increasingly important in the energy sector. The company's development work continues, and its products are intended to be developed further.
Sources: ePressi
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