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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 Intelligent Grid Platform?

Digital Electricity Networks are pivotal for the ongoing Energy Transition, with Smart Grid Solutions playing a crucial role. To ensure a successful energy transition, it is vital to seamlessly incorporate a multitude of new solar panels, wind turbines, and electric vehicle charging stations into the current power grid infrastructure. The increasing complexity of this integration necessitates sophisticated planning and management strategies for these grids. Envelio addresses this challenge through its Smart Grid Solution, a digital framework aimed at supporting distribution grid operators in their planning and operational workflows, especially as they transition to accommodate higher proportions of renewable energy. The Smart Grid Solution has several application areas, with a significant focus on ensuring Data Integrity in Integrated Grid Planning (IGP). Establishing a dependable data foundation is essential for the digitization and automation of grid operations. By connecting previously isolated data systems—including GIS, ERP, and measurement data—the Smart Grid Solution employs advanced Machine Learning techniques to correct data discrepancies. This process results in the creation of validated grid models that encompass all voltage levels, ultimately improving grid management efficiency. Furthermore, this innovative approach not only simplifies operational processes but also promotes a stronger and more effective integration of renewable energy sources into the grid, paving the way for a sustainable energy future.

Media

Media

Integrations Supported

Microsoft Azure

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Not specified

Training Options

Documentation Hub
On-Site Training

Training Options

Not specified

Company Facts

Organization Name

Renewcast

Date Founded

2020

Company Location

Italy

Company Website

renewcast.com

Company Facts

Organization Name

envelio

Company Location

Germany

Company Website

envelio.de/en/

Categories and Features

Energy Management

Not specified

Categories and Features

Energy Management

Not specified

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