Crypto Platform CoinDepo Backs Spanish Virtual Power Plant Enzaro Tech in Seven-Figure Energy Move

Digital asset platform CoinDepo is looking out from the crypto echo chamber and into the European power grid. The company has finalized a seven-figure initial capital allocation to Enzaro Tech, a Valencia-based energy startup building a distributed virtual power plant.

CoinDepo is funding software that coordinates residential batteries to stabilize electricity networks. Enzaro Tech itself does not build power stations; it writes software to aggregate existing battery assets across residential, commercial, and industrial properties.

By networking these distributed batteries, Enzaro creates a virtual power plant capable of absorbing excess renewable energy and discharging it during peak demand.

Europe’s electrical grid is currently undergoing a transition to renewable energy, but it is not always smooth. When the sun shines, the grid floods with cheap power, but when demand spikes in the evening, the system can strain.

By co-opting hardware that already sits in basements and garages, Enzaro Tech can scale storage capacity without adding infrastructure.

Enzaro’s roadmap aims to reach 46,900 connected households by 2030. If successful, that network would manage approximately 375 megawatt-hours of distributed energy storage. The current seven-figure injection from CoinDepo will fund Enzaro’s early-stage development and pilot deployment programs, ahead of a planned expansion phase in 2027 and 2028.

David McDaniel, Chief Executive Officer of CoinDepo, said: “Our collaboration with Enzaro Tech reflects our conviction that long-term sustainable yield must ultimately be anchored in productive economic infrastructure.

“As digital asset platforms mature, capital discipline and exposure to real-economy innovation become increasingly important.”

The partnership highlights growing collaborations between decentralized finance and decentralized energy, with both industries relying on distributed networks rather than central authorities.

Enzaro Tech founder Igor Gavrylin said: “Grid systems worldwide require smarter coordination and capital-efficient solutions.

“Our mission is to optimise existing distributed energy assets to create resilient, responsive networks that reduce peak loads and unlock new value streams for asset owners.”

CoinDepo operates through regulated entities in multiple jurisdictions, offering structured yield strategies. By allocating capital to Enzaro, the firm may be testing the thesis that the next era of digital finance will be backed by real-world utility rather than digital scarcity.