The startup provides an artificial intelligence-enabled platform that generates location-specific feed-in forecasts for wind and solar energy. By delivering precise forecasts and maintenance planning, the platform reduces costs associated with forecast inaccuracies, enabling clients to optimize energy utilization and enhance profitability.
Funding
$750K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Renewable energy sources like wind and solar are highly dependent on weather conditions, leading to fluctuations in energy generation and price. Inaccurate forecasts can result in increased costs, inefficient energy utilization, and difficulties in managing energy grids.
Solution
NAECO Blue provides an AI-powered platform that generates location-specific feed-in forecasts for wind and solar energy, enabling optimized energy utilization and enhanced profitability. The platform combines weather data with business-case-relevant data to create accurate forecasts for at least the next 48 hours. By leveraging neural networks and AI, the solution considers various influencing variables, including microclimate zones, to provide precise predictions. NAECO Blue also offers forecasts for consumers based on smart meter data or grid nodes, enabling visualization and control of renewable generation and consumption.
Target Audience
The primary customers include energy traders, asset owners/operators, transmission system operators (TSOs), distribution system operators (DSOs), and developers in the renewable energy sector.
Features
- AI-powered forecasts for wind and solar energy generation, energy prices, and energy demand
- Location-specific weather data from leading weather providers and proprietary weather reports
- Neural networks and AI algorithms that consider various influencing variables
- Forecasts split into 15-minute increments for intraday and day-ahead trading
- Digital twin service for potential analysis of new solar and wind assets, including simulations for yearly production, wake effects, and wind direction
- Flexibility as a Service to optimize energy usage and costs by dynamically adjusting energy consumption based on market conditions
- Energy Storage and Steering solutions to maximize energy potential by capturing excess energy and using it when prices are low or demand is high
- Plant analytics to detect damages early and ensure peak efficiency of wind and solar plants
- Consulting services to help customers thrive in the evolving energy market