- Renewcast raised €1m from 2C Ventures to expand its tech team and accelerate commercial rollout across Europe, the US, Latin America, and Asia.
- The company’s AI-driven forecasting delivers 20–40% higher accuracy than legacy systems, helping utilities, grid operators, and asset managers cut costs and improve efficiency.
Renewcast, an Italian AI-powered renewable energy forecasting company, has raised €1 million in a SAFE (Simple Agreement for Future Equity) investment from 2C Ventures Fund I, extending its 2024 SAFE round.
Meanwhile, the funding will accelerate Renewcast’s global rollout and strengthen its position as a leading renewable forecasting technology provider.
“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 to deliver measurable value,” said Fabio Nicolò, CEO and Founder of Renewcast.
“We aim to rank among the world’s top 5–10 renewable forecasters within 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.”
Furthermore, Renewcast develops high-precision forecasting solutions using a proprietary AI stack and digital twin technology. By modelling weather and asset conditions, the system delivers intra-day, day-ahead, and multi-day forecasts that improve operational and trading efficiency. The company also reports that its solutions outperform legacy systems by 20–40%, reducing balancing costs and generating millions in annual value.
Renewcast serves utilities, grid operators, and renewable asset managers across Europe and the US. It currently supports over 1.8 GW of installed renewable capacity under active clients, runs over 10 pilot programs, and has four commercial clients. Expansion is underway in India and Asia.
“Affordable renewable energy underpins the shift to a sustainable economic model and energy independence. Yet growing volumes and electrification make accurate forecasting more critical than ever,” said Hendrik Reimand, Founding Partner at 2C Ventures. “We believe Renewcast has the ingredients to become a global leader in energy intelligence – technical depth, early traction, and a clear commercial roadmap.”
Renewcast has grown more than 2.5x compared to 2024 and is preparing for a Series A round in late 2026. The SAFE round remains open for additional investors up to €1 million.