BUSINESS
Copilot Capital Buys the Autopilot Already Running 90 GW
Copilot Capital takes a majority of Green Eagle Solutions, whose ARSOS software already runs 90 GW of renewables as human control rooms hit their limit.
Copilot Capital took a majority stake in Green Eagle Solutions on September 8, 2026, the last deal from its first fund. The Madrid firm’s ARSOS software already manages 90 GW of wind, solar, batteries and hydro, with more than 10,000 turbines running without a person on the click.
Financial terms were not disclosed. The same week, A&G Energy Transition Tech Fund, a Spanish energy-transition vehicle that led Green Eagle’s 2023 round, said it had sold its stake and booked its first exit. Copilot is buying the layer that already executes more than 1 million automated actions a month, then pointing that stack at the United States.
Copilot Capital Takes a Majority of Green Eagle Solutions
Green Eagle announced a majority investment from Copilot Capital as the private equity firm’s fifth and final holding from Fund I. The London buyer’s earlier names are Relesys, SecureFlag, PriceShape and Zendr, a spread across the Nordics, the UK and now Spain. Copilot was launched in 2024 by The Friedkin Group International with a $200 million fund, and it looks for software firms generating €5 million to €15 million in annual recurring revenue with a path toward €50 million.
Alejandro Cabrera, co-founder and chief executive, and Juan Fernández, co-founder, stay in place. Cabrera said Copilot already understood where the company sat and had a plan for a firm at that stage. John Messer, Copilot’s founder and managing partner, called Green Eagle a fit with a strategy of backing European software businesses and helping them become category leaders abroad.
The cheque is meant to fund two jobs the company named in its own post: a faster push into North America, where two of the largest US power producers are already customers, and more work on data and AI inside the detect, decide and execute loop ARSOS already runs.
WHAT WE KNOW
- The stake: Copilot Capital is the new majority owner as of September 8, 2026, and the deal is the fifth and last from its first fund.
- The fleet: ARSOS manages 90 GW of wind, solar, battery storage and hydro and more than 10,000 wind turbines, with more than 1 million automated actions a month.
- The prior backers: SET Ventures, Kibo Ventures and A&G Energy Transition Tech Fund financed the climb before this sale.
WHAT IS UNCONFIRMED
- The price: Neither side published a valuation, a cash figure or the exact percentage Copilot now holds beyond “majority.”
- The US names: Green Eagle says two of the country’s largest power producers are on the platform and has not identified them.
- Who else sold: A&G said it sold its own stake. SET Ventures and Kibo Ventures were not described as full sellers in Green Eagle’s post.
For a fund that otherwise owns workplace, security, pricing and freight software, this last cheque sits on physical plants. ARSOS does not stop at a dashboard. It sends commands to turbines, substations and storage.
Less Than Three Years, Then A&G’s First Exit
A&G Energy Transition Tech Fund, the venture arm of A&G Global Investors, entered Green Eagle at the end of 2023 as lead on a €6 million Series A round with Kibo Ventures and SET Ventures still in. On September 8, 2026, A&G said it had sold that holding to Copilot. The fund called the sale its first divestment since launch and said it returned more than twice the capital put in, with a net annualized return close to 40%.
That hold ran less than three years. Juan Diego Bernal, managing director of the A&G fund, had said in 2023 that Green Eagle’s technology was unique in the market and that the round was meant to help the firm scale abroad. The exit now tells a simpler story: a control-room product that already paid a specialist energy fund before a buyout shop arrived to take it into the US.
THE MONEY THAT BUILT ARSOS
| Date | Round | Amount | Who put the money in |
|---|---|---|---|
| May 18, 2021 | Series A | €2.5 million | SET Ventures and Kibo Ventures |
| December 19, 2023 | Series A | €6 million | A&G Energy Transition Tech Fund (lead), Kibo Ventures, SET Ventures |
| September 8, 2026 | Majority buyout | Not disclosed | Copilot Capital; A&G sold its stake |
SET Ventures, an Amsterdam energy investor, first backed the company in 2021 and put more money in again in 2023. Kibo Ventures, based in Spain, was in both of those rounds. Copilot’s model is a controlling stake, not another minority cheque, which is why A&G could leave entirely while the founders stay on as operators.
Why Control Rooms Cannot Hire Fast Enough
The International Energy Agency says global renewable power capacity is expected to double by 2030, an increase of 4,600 GW. Solar PV accounts for almost 80% of that rise, and wind capacity is still expected to nearly double to over 2,000 GW. The same outlook trimmed the global growth forecast 5% versus the prior report, mainly on policy changes in the United States and China.
That extra metal still has to be run. Portfolios now mix wind, solar, hydro and batteries. Prices jump around. Grid codes keep growing as the renewable share of the system rises. Green Eagle’s own case is that those three pressures turn round-the-clock manual work into a bottleneck, which is why it built software that executes faults, curtailments and dispatch instead of waiting for an operator to click.
The US labor file does not show a hiring boom in the old control-room trades. The Bureau of Labor Statistics counts 43,700 power plant operators, distributors and dispatchers in 2025 and says operator jobs are projected to decline 4 percent from 2025 to 2035, a loss of 1,700 posts. Median pay was $105,080 in May 2025. About 3,400 openings a year are expected, all of them from people leaving or retiring. Most of those workers still sit rotating 8- or 12-hour shifts. Utilities employ 69% of the occupation.
THE STAFFING MATH NEXT TO THE BUILD-OUT
- New plants: The IEA’s main case adds 4,600 GW of renewable power by 2030, with solar taking almost 80% of the increase.
- Old desks: US operator and dispatcher employment is on course to fall 4% over the decade, even as 3,400 replacement openings persist each year.
- The shift: Those jobs still run on rotating 8- or 12-hour turns, the same night pattern Green Eagle says ARSOS is built to take off people’s plates.
- The pay: Median annual wage for the occupation was $105,080 in May 2025, which is the cost of keeping a trained body in the chair.
Renewable operations centers in the US still advertise those same 12-hour rotations for solar, wind and storage fleets. The occupation as a whole is shrinking. The new plants are not. Software that covers the repetitive night work is the gap Copilot is paying to own.
How ARSOS Runs a Fleet Without a Full-Time Control Room
Cabrera and Fernández, both software engineers, founded Green Eagle in 2012 after working in the wind industry. They spent years on the manual, all-hours work that remote operations centers still run on. The ARSOS Automation Suite launched in 2020 as a cloud product that sits between physical assets and the tools a client already has. It is licensed per site in Starter, Professional and Enterprise tiers.
Green Eagle’s product pages describe a Detect, Decide, Do loop. The software reads live data, applies rules and history, then sends commands to assets and substations. Those commands cover turbine resets, curtailments, reactive power, voltage and ramp rates, either directly or through SCADA. Every action is logged. The O&M robot, the company says, automates up to 80% of control-room activity and is sold as a way to run 24/7 work without a full-time remote operations control center.
WHAT THE ROBOT IS ALLOWED TO TOUCH
- Fault handling: End-to-end response on pre-set protocols, including turbine resets, so a tripped machine does not wait for the night desk.
- Curtailments: TSO requests applied in real time, with an optional switch back to manual control when a client wants a person in the loop.
- Dispatch and setpoints: Output moved to match grid and market instructions without a trader or operator issuing each change by hand.
- Voltage and reactive power: Grid-code tasks that used to sit on a control-room checklist, including ramp-rate limits.
- Price stops: Output cut when prices go negative, so a plant is not paid to keep spinning into a hole.
A second product, ARSOS Grid & Market, is aimed at compliance teams and trading desks. It is built to take TSO grid codes and turn them into executable workflows, including balancing and ancillary services. Fernández has said they started the company because the energy transition needed the manual, round-the-clock monitoring taken off people’s plates so those people could spend time on decisions that add more value.
They already understood our business, where we sat in the market, and had a real strategy for a company at exactly our stage.
Alejandro Cabrera, Co-Founder and CEO, Green Eagle Solutions
The 80% figure is Green Eagle’s own product claim, not an independent audit of every client site. Humans still take the escalations the robot is not allowed to close. The point of the design is that the remaining people are not the ones resetting the same fault at 3 a.m. across 10,000 machines.
From 1,000 Turbines to a Million Monthly Actions
The 2021 SET Ventures announcement put ARSOS on more than 1,000 turbines in southern Europe and named RWE as a client using the platform on fleets in Spain and Italy. Anton Arts, managing partner at SET and the lead on that deal, joined the board with Juan Lopez of Kibo Ventures. By the 2023 round, SET said ARSOS had executed over 50,000 site curtailments that year and issued 40,000 commands to wind turbines.
Those 2023 counts are a narrower slice than the “automated actions” total the company uses now, so they should not be read as a single growth multiple. The direction is still plain. A product that started on a four-digit turbine count is now described as running 90 GW and more than 10,000 machines, with more than 1 million actions a month, across Iberia, the rest of Europe, North America, Latin America, Australia and other EMEA markets.
THE PATH TO 90 GW
- 2012: Alejandro Cabrera and Juan Fernández found Green Eagle Solutions in Madrid to automate renewable control-room work.
- 2020: The company launches the ARSOS Automation Suite as a cloud product that executes operator actions, not only alarms.
- May 18, 2021: SET Ventures and Kibo Ventures put in €2.5 million; ARSOS is in daily use on more than 1,000 turbines, including RWE fleets in Spain and Italy.
- December 19, 2023: A&G leads a €6 million round with Kibo and SET still in; that year’s tally includes over 50,000 site curtailments and 40,000 turbine commands.
- September 8, 2026: Copilot Capital takes a majority stake; ARSOS is on 90 GW and more than 10,000 turbines, with more than 1 million automated actions a month.
The suite now covers operations and maintenance, grid and market work, and related tools for performance and electrical infrastructure. Copilot’s post-deal brief is more product spend, not a change of founding team. Same two engineers. A buyer with a controlling stake and a US to-do list.
Two of the Largest US Producers Are Already Customers
Green Eagle says it already works with two of the country’s largest power producers and that Copilot’s money is meant to speed a US go-to-market plan while Europe keeps growing. The names have not been released. For a Spanish firm whose first named utility client, in 2021, was RWE in Spain and Italy, those two US accounts are the proof that the stack can leave Iberian grid codes.
US remote operations centers still hire people to watch solar, wind and battery plants on rotating 12-hour shifts and to stay inside ISO, transmission-owner and NERC rules. ARSOS is being sold into that room as the piece that takes the repetitive work, not as a replacement for the regulated human who still has to be on the ticket when a site trips into an event the robot is not allowed to close.
The harder test is not whether two large producers will pay for a pilot. It is whether the same detect-decide-do loop, tuned on Spanish and Portuguese TSO codes, holds up across US markets that do not share a single grid rulebook. Copilot lists internationalisation among the five levers it uses after it writes a cheque, alongside sales leadership, acquisitions, AI and customer success, and its working pages tell founders they will enter new markets with confidence.
Fund I Closes as Washington Trims the Outlook
Copilot is out of first-fund shots. Green Eagle is the last name on a five-company list, and Messer’s public line is the same one the firm uses on every deal: take a European software product that already works and make it a category leader outside its home market.
Green Eagle Solutions is the ideal fit with Copilot’s strategy of backing fast-growing software businesses and helping them become European software champions and category leaders around the world.
John Messer, Founder and Managing Partner, Copilot Capital
The IEA’s latest medium-term outlook still sees renewable capacity doubling by 2030, but it cut that path 5% from the prior edition, and it named US and Chinese policy as the main reasons. That is the weather Green Eagle is walking into with a US-heavy brief and two unnamed majors already on the books. A Spanish energy fund has already taken more than two times its money off the table. The night desks are still staffed. The robots are already clicking more than a million times a month.
Cabrera and Fernández still run the company they started in 2012. Copilot now owns the majority of a platform that already sits on 90 GW. The next test is whether that autopilot, built on Iberian control rooms, can run American ones at the same tempo.
Disclaimer: This article is news reporting and analysis of a private-company transaction and related energy-operations software, and it is for information only. It is not investment advice, a solicitation to buy or sell any security, or a recommendation of Copilot Capital, Green Eagle Solutions, A&G Energy Transition Tech Fund or any other firm named here. Readers who are considering an investment, a vendor contract or a career decision in power operations should consult a licensed financial adviser, energy-procurement counsel or a qualified operations manager before acting. Capacity figures, job outlooks, returns and deal statuses reflect the company statements, IEA figures and BLS data cited above as published on or before September 8, 2026, and those numbers can change.
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