Renewcast Raises €1 Million To Advance Renewable Energy Forecasting Technology

The funding will support Renewcast’s global commercial expansion and strengthen its standing as a leading provider of renewable energy forecasting technology.

“This new investment is a vote of confidence in our long-term vision. Our team is growing, our commercial engine is ramping up, and our technology has proven it can deliver measurable value,” said Fabio Nicolò, CEO and Founder of Renewcast. “We aim to be among the top 5–10 renewable forecasters globally within the next one to two years. With this funding, we will consolidate our tech team, scale our commercial efforts across Europe, the US, Latin America, and Asia, and prepare the company for institutional growth.”

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Founded in 2020, Renewcast creates high-precision renewable energy forecasts using a proprietary AI-driven platform. Its digital twin technology models complex weather and asset conditions, enabling intra-day, day-ahead, and multi-day predictions that boost operational and trading efficiency.

The company reports 20–40% higher accuracy than legacy systems, saving millions in balancing costs. Clients include utilities, grid operators, and renewable asset managers across Europe and the US.

“Affordable renewable energy is the foundation of transitioning to a sustainable economic model and ensuring energy independence. However, the rapidly increasing volumes and accelerating electrification of the economy make accurate forecasting ever more critical.

“We believe that Renewcast has the ingredients to become a global leader in energy intelligence – technical depth, early traction, and a clear commercial roadmap,” said Hendrik Reimand, Founding Partner at 2C Ventures.

With over 1.8 GW of renewable capacity under management, Renewcast is expanding its footprint in key energy markets. It supports more than 10 pilot programs and four commercial clients across Europe and the US, with plans to enter India and Asia.

The company has grown 2.5× since 2024 and aims for a Series A in late 2026. The SAFE round is still open for additional investment up to €1 million.

About Renewcast

Founded in 2020, Renewcast is an Italian company with a global vision, offering AI-powered SaaS for short-term and day-ahead renewable power forecasting. With a capacity-weighted nMAE of just 5%, it delivers premium performance, manages complex data, shares risk and benefits, and sets a new standard in forecasting reliability.