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What is Renew Risk?

We provide a software platform designed to help our clients assess risks and create customized insurance and financing strategies for renewable energy initiatives. At the forefront of offshore wind energy, our Renew Risk software is rapidly evolving to include new asset categories as the sector undergoes technological changes. Our SaaS offering equips users with comprehensive risk insights through cutting-edge, innovative, and patented modeling methodologies. Offshore wind stands out as one of the most promising and swiftly growing sectors for renewable energy around the world. However, investments in this field are at risk of being impacted by extreme weather and natural disasters. We believe that improving risk analytics and modeling tools is vital for the sustainable advancement of renewable energy, offering advantages to developers, insurers, and investors alike. With the increasing demand for renewable energy, our solutions are set to be pivotal in managing the intricate challenges of risk in this ever-evolving marketplace. Additionally, as the landscape of renewable energy continues to shift, staying ahead of emerging risks will be crucial for all stakeholders involved.

What is PowerUp?

GE Vernova offers a suite of Digital Optimization services via its PowerUp platform, designed to provide wind farm operators with cutting-edge digital analytics tools that can enhance turbine efficiency and potentially increase annual energy output by up to 8%. The PowerUp platform conducts a thorough examination of each turbine's setup, historical data, and operational metrics while considering the specific environmental factors at play, allowing it to establish a performance baseline and identify opportunities for improving annual energy production (AEP). By connecting turbines through the industrial internet, this platform enables real-time adjustments to energy production influenced by a variety of factors unique to each turbine, including environmental, operational, and economic considerations. This flexible and results-driven solution is applicable to both new installations and existing service agreements, ensuring that operators pay only for verified improvements in performance. In addition to maximizing energy production, this innovative strategy reinforces sustainability initiatives within the renewable energy landscape, ultimately contributing to a greener future for energy generation. Enhanced efficiency not only benefits individual operators but also plays a significant role in the broader transition towards renewable energy sources.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Not specified

Training Options

Online Training
On-Site Training

Company Facts

Organization Name

Renew Risk

Date Founded

2021

Company Location

United Kingdom

Company Website

renew-risk.com

Company Facts

Organization Name

GE Vernova

Company Location

United States

Company Website

www.gevernova.com/wind-power/onshore-wind/services/digital-optimization

Categories and Features

Risk Management

Not specified

Solar

Not specified

Wind Farm

Not specified

Categories and Features

Wind Farm

Not specified

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