Italy
Renewcast, founded in 2020, is an Italian company operating within the Renewable Energy, SaaS, and Clean Energy industries. The company leverages a proprietary AI SaaS platform to offer superior performance in renewable power short-term and day-ahead forecasting. Their service is particularly focused on wind power generation, boasting a nMAE of max 5% compared to the industry average of 12-18%.
The company's business model is based on a "premium-price-for-premium-performance" approach, aiming to disrupt the global market by sharing the risk/benefit equation of their forecasting capabilities with clients. Renewcast seeks to manage data quality and complexity, making their platform both reliable and easy to use.
With an international footprint, Renewcast has recently secured a €850.00K Seed Round investment in January 2024. This round was backed by prominent investors including Helen Ventures, Beamline Accelerator, Tech4Planet, and MindTitan, underscoring the confidence in their disruptive potential within the renewable energy sector.
Anchor Power Solutions | Yes Energy
