Renewable Energy Laboratory

Renewable Energy Laboratory (REL) is a startup focused on revolutionizing renewable energy data analysis. Founded in 2016 and headquartered in Australia, the company's slogan, "Making renewable energy more predictable, manageable, and profitable through advanced power forecasting and asset management services," encapsulates its mission. REL offers power forecasting and asset management services utilizing proprietary photovoltaic modeling and solar energy assessment technology developed by its founders at the renowned solar research group in UNSW Sydney. The company's innovative PVMasterTM Power Forecast technology, powered by advanced AI algorithms and satellite imagery for short-term weather forecasting, aids solar and wind farms in reducing their FCAS costs and facilitates greater integration of clean power into the grid. In September 2020, REL received a $20.00K seed round investment from UNSW Founders, signifying recognition and support from a prominent institutional investor. With a strong focus on Energy, Finance, Information Technology, and Renewable Energy industries, REL stands at the forefront of innovation, presenting an attractive opportunity for venture capital investment.