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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 Energy Toolbase?

Energy Toolbase distinguishes itself as a leading software platform that provides an extensive array of functionalities for project modeling, energy storage oversight, and asset performance assessment, enabling solar and storage developers to execute their initiatives with enhanced effectiveness. Recognized as a standard in the sector, it excels in analyzing and modeling the financial dimensions of solar and storage projects. The platform integrates sophisticated control mechanisms that use machine learning and artificial intelligence to accurately forecast and manage the energy discharge from storage systems. Moreover, it boasts a comprehensive monitoring interface that guarantees complete insight into the real-time operation and efficiency of solar and storage endeavors. Our dedication to accuracy and transparency drives us to meticulously evaluate utility expenses and avoided charges in a clear and defensible way. In addition, our devoted account management team provides personalized onboarding, training, and continuous support to ensure our solutions align with your specific needs, promoting a smooth user experience. We understand that each project is unique, and we are committed to adapting our services accordingly. Ultimately, our goal is to equip our clients with the essential resources necessary to thrive in the dynamic energy sector.

Media

Media

Integrations Supported

Microsoft Azure

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$199 per month
Free Trial Offered?

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

Webinars
Online Training

Company Facts

Organization Name

Renewcast

Date Founded

2020

Company Location

Italy

Company Website

renewcast.com

Company Facts

Organization Name

Energy Toolbase

Date Founded

2014

Company Location

United States

Company Website

www.energytoolbase.com

Categories and Features

Energy Management

Not specified

Categories and Features

Energy Management

Not specified

Solar

Not specified

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