Renewcast

Renewcast is an Italian startup with a global vision, focusing on renewable energy and software as a service (SaaS). The company's core offering is its ML-empowered SaaS platform, which delivers superior short-term and day-ahead forecasting for renewable power. With a market launch service platform that provides day-ahead wind power generation forecasting, Renewcast boasts a proprietary AI SaaS Platform with unmatched performance, reliability, and ease of access. The company has achieved a significant milestone with a nMAE (capacity weighted MAPE) of max 5% (weekly/monthly average) versus an industry average of 12-18% in day-ahead wind power forecasting. Founded in 2020 and headquartered in Italy, Renewcast follows a "premium-price-for-premium-performance" business model, aiming to disrupt the global market paradigm. The company's approach focuses on providing superior performance, sharing the risk/benefit of its forecasting performance, and managing data quality and complexity for its clients. Renewcast recently secured a €850.00KSeed Round investment on 31 January 2024 from prominent investors including Helen Ventures, Beamline Accelerator, Tech4Planet, and MindTitan. With its innovative solutions and strong financial backing, Renewcast is well-positioned to make a significant impact in the renewable energy and SaaS industries.