Audience
Companies looking for a platform to improve financing, planning and insurance for renewable energy assets
About Renew Risk
We provide software that allows our clients to assess risk and provide optimized insurance and financing to renewable energy assets. Pioneering our services in offshore wind, Renew Risk software solutions are being rapidly applied to new asset classes in line with the technological growth of the industry. Our SaaS solution enables users to gain comprehensive insights into risk through sophisticated innovative, and patented, modeling solutions. Offshore wind is one of the most promising and fastest-growing sources of renewable energy in the world. However offshore wind assets also face exposure to extreme weather conditions and natural catastrophes. We believe the growth of renewable energy is secured through improved risk analytics and models software for developers, insurers, and financiers.
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OpenFAST
OpenFAST is an open source wind turbine simulation tool developed by the National Renewable Energy Laboratory (NREL). It builds upon the FAST v8 code, integrating aerodynamics, hydrodynamics, control systems, and structural dynamics to enable comprehensive, coupled nonlinear aero-hydro-servo-elastic time-domain simulations of wind turbines. OpenFAST supports various configurations, including land-based, fixed-bottom offshore, and floating offshore turbines. The platform aims to foster an open source developer community across research laboratories, industry, and academia, providing a robust software engineering framework with well-documented source code, automated testing, and a multi-platform build system. Key organizational changes from FAST v8.16 to OpenFAST include the establishment of a new GitHub repository consolidating glue codes, modules, and compiling tools; updated version numbering; and the introduction of unit testing at the subroutine level.
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60Hertz
60Hertz offers the first complete O&M software platform designed by renewable energy professionals for distributed energy resources. Our offline-first CMMS tackles the challenges of managing rural assets, from poor connectivity to different ability levels. It's the maintenance software you need to monitor and manage your off-grid critical assets in extreme conditions. Our software helps you streamline maintenance management, drive program success, and avoid performance degradation and other costly mistakes. From installation to maintenance, our platform is ready to blend with your legacy systems for efficient and effective operations. Save money and time while ensuring your equipment is correctly set up and maintained with 60Hertz, a woman-owned company.
Accomplishments:
210,000 maintenance logs filed in 2022
30 customers in 10 countries
Recipient of NOAA Smal Business Innovation Research (SBIR) award for weather-informed maintenance algorithms
AWS Awardee 2022 GridFWD Pitch Co
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Verisk Sequel
Verisk Specialty Business Solutions (formerly Sequel), has been a leading industry software specialist for over 25 years, delivering impactful, reliable solutions that provide end-to-end management of all insurance and reinsurance business. As a result, our clients are able to grow and better manage their business through greater efficiency, flexibility, and data governance. With powerful, flexible software and responsive services, we see the way to drive success. We're pleased to announce a significant new offshore renewable energy module within our exposure management system, Impact. This latest enhancement leverages the comprehensive worldwide offshore wind farms dataset curated by the research arm of Clarksons, the world's biggest shipping services provider. Our modern, powerful, and integrated suite of software provides full end-to-end management of all insurance and reinsurance businesses so that our clients get a clearer vision to grow and manage their businesses.
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Zeitview
Zeitview is a global leader in aerial inspection solutions, using AI-powered data analytics to improve the management of renewable energy and infrastructure assets. By leveraging drones, manned aircraft, and advanced machine learning, Zeitview provides real-time insights across industries such as solar, wind, utilities, telecom, and construction. Its platform enables businesses to efficiently monitor, assess, and optimize asset performance, helping reduce maintenance costs, improve safety, and enhance sustainability. Zeitview's large-scale data collection and AI-powered analytics ensure accurate, reliable decision-making for enterprises managing critical infrastructure.
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Company Information
Renew Risk
Founded: 2021
United Kingdom
renew-risk.com
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