Renewcast Reviews

Renewcast Description

Renewcast, an Italian firm, focuses on AI-driven forecasting for renewable energy, especially in wind power generation. Established in 2020 by a team with over a century of collective experience in the energy and IT fields, the company provides a Software as a Service (SaaS) platform that delivers precise daily and intra-day forecasts for wind energy production. By harnessing proprietary deep learning algorithms and digital twin technology, Renewcast achieves forecasting errors as low as 7% normalized Mean Absolute Error (nMAE), which is a significant improvement over global industry standards. This exceptional accuracy allows energy operators to decrease global imbalance costs by as much as 30%. The offerings of Renewcast encompass various forecasting durations, including intra-day, day-ahead, 48-hour, and medium-term forecasts extending up to 15 days, with updates provided every hour. Clients can easily access forecasts via a direct API and customize parametric reports through an intuitive user interface, making the platform highly accessible and user-friendly. These features position Renewcast as a leader in revolutionizing how wind energy forecasts are managed and utilized in the industry.