RatedPower provides software for the design and optimization of utility-scale solar plants, enabling users to create layouts over 160 times faster than traditional methods. The platform reduces the levelized cost of energy (LCOE) by 5% through efficient project development and accurate energy yield estimations.
Funding
$6.1M 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.
EIGFH2Founders
Product
Problem
Designing and optimizing utility-scale solar, hybrid, and storage plants is traditionally a time-consuming process, often involving manual methods and multiple software tools. This can lead to inefficiencies, increased project development costs, and less accurate energy yield estimations.
Solution
RatedPower, part of Enverus, provides a cloud-based software platform that streamlines the design and optimization of utility-scale solar, hybrid, and storage plants. The platform enables users to create layouts up to 160 times faster than traditional methods, while also reducing the levelized cost of energy (LCOE) by 5% through efficient project development and accurate energy yield estimations. RatedPower offers solutions for site analysis, basic engineering, and detailed engineering, allowing users to perform feasibility studies, optimize land use, and generate detailed reports for off-takers. The software supports the design of substations and battery energy storage systems (BESS), and facilitates cut-and-fill cost-benefit analyses.
Target Audience
RatedPower targets solar developers, EPCs (Engineering, Procurement, and Construction companies), engineering firms, and banking and finance professionals involved in utility-scale solar, hybrid, and storage projects.
Features
- Automated PV plant layout generation with support for hybrid and storage systems
- Integrated site analysis tools for greenfield prospecting and land assessment
- Electrical configuration optimization, including string grouping and cable sizing
- BESS design capabilities, including storage inverter selection and capacity definition
- Earthwork estimating software for cut-and-fill cost analysis
- Substation engineering module for interconnection process simplification
- Energy yield estimation algorithms backed by Black & Veatch
- CAPEX and LCOE calculation tools with customizable templates
- Batch design simulations for GCR, tilt, and DC/AC ratio optimization
- Automated generation of BOMs, financial analyses, and project documentation