Outgoing STA CEO Paul Barwell stated "We are delighted to have Climate Connect as an active new member of the STA. As subsidies and tariffs fall away in the UK, and projects' yields are compressed, ambitious and entrepreneurial technology companies such as these are the key to unlocking the next chapter of renewables integration in the UK."
Climate Connect works at the intersection of energy, software technology and artificial intelligence. Based out of India, the data science and technology teams build real time data platforms and machine learning algorithms for forecasting and automated decision making.
After investment from Amsterdam PE group Miller Turner, Climate Connect is focusing on building revolutionary technology to address the current state of flux in the european solar market. Partnering rich industry datasets with the most powerful analytical techniques can either uncover marginal gains in plant performance and revenue, or it can enable whole new ways for asset owners to make money through balancing markets, and the like.
The above membership of the STA coincides with the official market launch of the company's flagship european product Intelligent Merchant Solar (IMS).
"IMS is a optimisation product that enables solar asset owners to achieve true market value for the energy they generate, rather than the discounted PPAs they receive in the current paradigm" said Founder & CEO Nitin Tanwar.
"Right across Europe, the energy price from generator to consumer can more than double end-to-end. We at Climate Connect intend to steadily cut that multiple by building software to empower both generator and end-user" Tanwar continued.
"By combining market leading generation forecasting with ML decision-making algorithms, we intend to cut out middle-man inefficiency, and return value to asset owners in the european renewables sector. It is our complete focus on this mission that has already led us to pilots with many of Europe's largest asset owners. We now want to allow all of Europe's most conscientious investors access to this opportunity for revenue maximisation".
Media Contact
Harry Horner, European Business Manager,
Climate Connect
harryh.horner@climate-connect.com
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