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What is Renewcast?

Renewcast, an Italian company, specializes in artificial intelligence-based forecasting for renewable energy, with a particular emphasis on wind power generation. Founded in 2020 by a team boasting over a hundred years of combined experience in energy and IT, this innovative firm offers a Software as a Service (SaaS) platform that provides highly accurate daily and intra-day wind energy production forecasts. Utilizing advanced proprietary deep learning algorithms and digital twin technology, Renewcast achieves a remarkable forecasting accuracy with errors as low as 7% normalized Mean Absolute Error (nMAE), which notably surpasses the global industry benchmarks. This level of precision enables energy operators to reduce global imbalance costs by up to 30%, enhancing their operational efficiency. Renewcast's services include a variety of forecasting periods—from intra-day to day-ahead, as well as 48-hour and medium-term forecasts lasting up to 15 days, with hourly updates available. Clients benefit from seamless access to these forecasts through a direct API, and they can tailor parametric reports using a user-friendly interface, emphasizing the platform's accessibility. As a result, Renewcast is positioned at the forefront of transforming the management and application of wind energy forecasts within the sector, setting a new standard for accuracy and user engagement in energy forecasting.

What is Egistix?

The energy industry necessitates real-time access to business insights across multiple areas. Egistix Oil is committed to providing a reliable and user-friendly platform that focuses on contracts, forecasting, inventories, trading, and credit risk, ensuring that the information required for thorough business management is accurate. One of the key benefits of data integration is its ability to promote cohesive decision-making, allowing companies to work together efficiently by leveraging combined information from trade floors, pricing sources, carriers, information aggregators, credit, marketing, production, and financial systems. Similarly, Egistix Gas is designed to provide vital insights that drive informed decision-making, equipping both marketers and gas control teams with necessary data. Whether analyzing exposure to credit, fluctuations in market prices, or volumetric risks, Egistix Gas stands ready to provide crucial insights. Our dedicated team of professionals in the energy marketing sector is focused on addressing the varied requirements of clients, from smaller companies to large industry leaders. This unwavering commitment ensures that all parties involved have access to the tools and information essential for effectively navigating the intricate landscape of the energy market, while also adapting to evolving challenges and opportunities.

Media

Media

Integrations Supported

Microsoft Azure

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$975 per month

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Renewcast

Date Founded

2020

Company Location

Italy

Company Website

renewcast.com

Company Facts

Organization Name

Egistix

Date Founded

1999

Company Location

Canada

Company Website

www.egistix.com

Categories and Features

Energy Management

Not specified

Categories and Features

Energy Management

Benchmarking
Budgeting & Forecasting
Compliance Management
Contract Management
Energy Price Analysis
Facility Scheduling
Risk Management

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