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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 PexaQuote?

Customized Solutions for Various Business Types. Independent Power Producers (IPPs): Explore how we can help you reduce your energy-related uncertainties. Investment Funds: Efficiently manage cash flow throughout your diverse portfolio. Corporate Offtakers: Discover how we can assist you in achieving your sustainability goals. Developers: Gain insight into the pricing landscape for your Power Purchase Agreements (PPAs). Utilities: Effectively manage risks while improving your energy sales strategy. Financial Institutions: Promote informed lending decisions. Regarding PPAs: Learn how our dedicated PPA software and Pexapark experts can help you effectively oversee your wind and solar power purchase agreements. Our Renewable Energy Software includes the PPA Price Reference, which provides access to pricing and quotes for over 300 PPA products, covering onshore wind, offshore wind, and solar, with a variety of commercial structures and tenors available in all major PPA markets throughout Europe. Furthermore, Pexaconnect allows you to build relationships with renewable energy companies, facilitating immediate engagement with global buyers and sellers in the sector, along with legal and commercial advisors, financiers, and other critical industry stakeholders. This platform is designed to foster collaboration and streamline transactions, ultimately promoting greater efficiency within the renewable energy ecosystem. By harnessing these resources, your organization can navigate the complexities of the renewable energy market more effectively.

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

Pexapark

Company Location

Switzerland

Company Website

www.pexapark.com

Categories and Features

Energy Management

Not specified

Categories and Features

Pricing Optimization

Not specified

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