Renewcast

Renewcast

Providing advanced renewable power forecasting solutions using machine learning. Learn more
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DateInvestorsAmountRound
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€850k

Seed
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€2.0m

Seed
Total Funding€2.9m

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Renewcast is an Italian startup specializing in advanced forecasting services for renewable energy, specifically wind and solar power generation. The company operates in the renewable energy market, providing critical forecasting solutions to energy utilities, grid operators, and energy traders. These clients rely on accurate predictions to optimize their operations, manage risks, and make informed decisions in the energy market.

Founded by a team of seasoned professionals with backgrounds in international energy utilities, consultancy firms, and IT expertise, Renewcast leverages cutting-edge technologies such as Artificial Intelligence (AI) and Machine Learning (ML). Their primary offering is a Software-as-a-Service (SaaS) platform that delivers short-term and day-ahead forecasts, as well as hourly predictions up to 15 days in advance. This platform helps clients navigate the complexities of renewable energy generation and market variables.

Renewcast's business model is based on a subscription service, where clients pay for access to their forecasting platform. This model ensures a steady revenue stream while providing clients with continuous updates and improvements. The company has also received recognition and support from the Regione Lazio through the Bando Pre Seed award, highlighting its innovative approach and potential impact on the energy sector.

In summary, Renewcast combines technological innovation with deep industry expertise to offer superior forecasting services for the renewable energy market. Their commitment to value-sharing partnerships ensures that clients receive tailored solutions that meet their specific needs.

Keywords: Renewable Energy, Wind Power, Solar Power, Forecasting, AI, Machine Learning, SaaS, Energy Market, Italy, Innovation.