World needs $1.1 trillion transmission lines’ investments every year for next 25 years to absorb the additional renewables needed to achieve the clean energy transition. Energy providers and renewable energy developers face the choice of passing the higher costs to power consumers or finding an alternative.
More and more power consumers raise concerns about transmission lines, utility scale renewables and energy storage developments near their homes i.e. Not In My Backyard (NIMBY) phenomena. This adds more costs and regulatory approval frictions in the clean energy transition.
Combined with higher penetration of electric vehicles we are facing a perfect storm of high costs and less reliable system.
Solution
We use data science models (statistical and mathematical algorithms) to distinguish different load patterns, and we use financial accounting to allocate main operational cost drivers at different parts of the value chain.
RenwAI data science-based power pricing optimization:
– Saves at least 6x the costs for energy providers
– Introduces more revenue channels for energy providers’ associations
– De-risks renewable energy developers’ cashflow
Testimonials
Industry Changes
We are going through big changes in the industry, and RenwAI has shown to be capable of making the Belmont transition smoother.
Data Insights
RenwAI assists utilities make use of their data to gain insights and position them to address challenges like the costs of peak demand via pricing and customer support tools.
New World
RenwAI has new insights for the new world we are finding ourselves in. There is a huge value in their reasonable rates and responsiveness. RenwAI is nothing like traditional consulting companies, I strongly recommend RenwAI and their team.
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