Yunqi Capital | Green Voltis Lands Major Nordic Energy Storage Deal, Ranks Top 2 Among Local AI-Native Virtual Power Plants

Recently, Green Voltis — an AI-native virtual power plant operator and Yunqi Capital portfolio company — reached a strategic partnership with China Gas Group to jointly launch a 115MW/230MWh Nordic energy storage project.

AI is driving a leap forward across the energy storage value chain, and this collaboration marks an important step for both parties in advancing the industry toward intelligent, refined operations. Read on for details, in this edition of Yunqi Capital.

The following is reprinted from Green Voltis.

Swedish power aggregation and trading company Green Voltis has signed an innovative strategic partnership agreement with China Gas Hongming Power Technology Group, a subsidiary of China Gas Group. The two parties formally executed a 115MW/230MWh Nordic energy storage project operations contract, launching comprehensive investment-construction-operation collaboration for energy storage plants across the Nordic region. This milestone partnership not only demonstrates deep cooperation between leading Chinese and European energy enterprises in the regional storage market, but also redefines value creation for large-scale storage assets through cutting-edge AI technology.

The Nordic region has long ranked first in Europe for per-capita energy consumption and stands at the forefront of the continent's green energy transition. As renewable energy installations grow, grid stability pressures have intensified. Battery energy storage solutions from Chinese suppliers, backed by complete industrial chains and highly competitive cost advantages, are increasingly becoming the primary solution for stabilizing Nordic grids.

As Nordic electricity consumption patterns evolve, the traditional product-export model has begun hitting bottlenecks. China Gas Group has keenly grasped this trend, leveraging its deep involvement across the industrial chain and profound understanding of Nordic power market trading rules to build an integrated value chain spanning production, investment, and operations.

Breaking Through Europe's Energy Storage Dilemma: AI Is the "Key"

Swedish local new energy aggregation and optimization company Green Voltis, through its pioneering "intelligent simulation + rapid EMS architecture + multi-market trading optimization services," has formally become part of this integrated value chain. This agreement gives the energy storage system value chain greater resilience. Facing Europe's increasingly volatile power prices and growing complexity of trading instruments, Green Voltis's AI-driven platform Aether AI employs intelligent strategy selection and automated trading frequency calibration to achieve sustained, stable optimization of returns.

This cooperation reflects not only both parties' firm commitment to clean energy value chain transformation, but also represents a landmark event in the industry's leap toward intelligent, refined operations.

Green Voltis is headquartered in Stockholm, Sweden, with a core team composed of leading talent from Europe and global energy and AI sectors. Drawing on AI-native technology and deep energy trading expertise, the company helps value chain partners enhance storage asset returns, control risks, and navigate Europe's complex market mechanisms and price fluctuations.

Building on Green Voltis's earlier joint release with storage system supplier Linyang Energy Storage of the "Power Atlantic® + Chronos & Aether AI" full-chain integrated solution, this collaboration achieves true embedded integration of the energy storage value chain system. In the Nordic power market's multi-market coordinated trading environment, it can significantly improve storage asset returns and full lifecycle value, while accelerating regional market investment deployment.

With this 115MW/230MWh Nordic energy storage project operations agreement, Green Voltis has leaped to become a top-two AI-native virtual power plant operator with multi-market optimization capabilities in the Nordics, establishing itself as a core leader in this emerging segment.

Li Jun, General Manager of China Gas Hongming Power Technology Group; He Rong from the New Energy Development Support Center; Martin Kievit, CEO of Green Voltis; Shi Yaohong (Ali Shi), COO; and Zhang Chi (Gino Zhang), CIO, attended the project signing ceremony. The two parties will use this signing as a starting point to explore larger-scale energy storage and renewable energy cooperation, jointly promoting sustainable expansion of the regional energy ecosystem and stable value appreciation of storage assets.

Why Each Other? Voices from Both Sides

Li Jun, General Manager of China Gas Hongming Power Technology Group:

"The value of power assets is realized through the trading process. New energy assets represented by energy storage systems must rely on service pricing to realize their own value. Over time, changes in internal asset conditions, external trading price fluctuations, and even technological iterations all pose challenges to new energy asset value. The integrated production-investment-operations value chain output model serves both as a market strategy facing an industry blue ocean and as a defensive tool against asset risk. Building localized competitive advantages through an ecosystem model is the commercial strategy China Gas Group adheres to. We also hope that after accumulating experience with this Nordic regional multi-party collaborative value chain model, we can feed insights back to the domestic market to better support the Group's two-wing strategy."

Martin Kievit, CEO of Green Voltis:

"We are honored to partner with China Gas on this important project. Europe's ancillary service prices and returns fluctuate enormously — only through truly AI-native intraday trading capabilities can long-term, sustainable returns be achieved. We look forward to creating lasting value for our partners with advanced technology and localized operational expertise."