Audience
Energy operators and looking for a solution to optimize their wind power generation forecasting operations
About Renewcast
Renewcast is an Italian company specializing in AI-powered renewable energy forecasting, particularly for wind power generation. Founded in 2020 by professionals with over 100 years of combined experience in the energy and information technology sectors, Renewcast offers a Software as a Service (SaaS) platform that provides accurate daily and intra-day wind generation forecasts. The platform utilizes proprietary deep learning models and digital twin technology to deliver forecasting errors as low as 7% normalized Mean Absolute Error (nMAE), significantly outperforming global market benchmarks. This high level of accuracy enables energy operators to reduce global imbalance costs by up to 30%. Renewcast's services include intra-day, day-ahead, 48-hour, and medium-term (up to 15 days) forecasting, with forecasts updated every hour. Clients have direct API access to retrieve forecasts and can configure parametric reports through a user-friendly interface.
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Company Information
Renewcast
Founded: 2020
Italy
renewcast.com
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