Renewcast raises €1M from 2C Venture to accelerate global expansion

AI-powered
renewable energy forecasting company, Renewcast, has secured a €1 million SAFE  investment from 2C Ventures Fund I, marking a
strategic extension of its 2024 SAFE round.

Founded
in 2020, Italy-based Renewcast delivers AI-powered forecasting solutions for
the renewable energy sector. Leveraging proprietary digital twin technology,
the company models complex weather patterns and asset conditions to provide
intra-day, day-ahead, and multi-day forecasts. These insights enable utilities,
grid operators, and renewable asset managers in Europe and the US to optimise
operations and trading efficiency.

With
more than 1.8 GW of installed renewable capacity under active clients,
Renewcast is rapidly expanding its footprint across key energy markets. The
company currently runs over 10 pilot programs and serves four commercial
clients in Europe and the US, with further growth aimed at India and Asia.
Having already scaled more than 2.5x year-on-year, Renewcast is preparing for a
Series A round in late 2026.

Fabio Nicolò, CEO and Founder of Renewcast, said:

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. 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.

The
SAFE round remains open for additional
investors up to €1 million, offering a unique opportunity to
join Renewcast at a moment of accelerating growth, strong product validation,
and market demand.

Renewcast’s platform, powered by proprietary AI and real-time data
modelling, delivers best-in-class forecasting performance. Across client
portfolios, Renewcast has consistently outperformed legacy systems, delivering 20–40 per cent improved accuracy and
generating millions in annual value
through reduced balancing costs.

Hendrik Reimand, Founding Partner at 2C Ventures,
commented:

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.

This new funding will accelerate Renewcast’s global
commercial rollout and reinforce its position among the world’s top renewable
forecasting technology providers.