Crispin Leick, managing director of Innogy Venture Capital, says: "Enercast addresses a fundamental problem of renewable energies. Fluctuations in the feed in of wind and solar electricity lead to a burden on the grids and ultimately to a level of insecurity with regard to the supply of electricity. The more reliable forecast data is available, the better renewables can be integrated into existing grids and thus into the electricity market. "
Germany-based utility RWE Innogy’s corporate venturing unit has partnered with corporate-backed High-Tech Gründerfonds to invest €2.25m ($2.8m) in energy foecaster Enercast.
Crispin Leick, managing director of Innogy Venture Capital, said: “Enercast addresses a fundamental problem of renewable energies. Fluctuations in the feed in of wind and solar electricity lead to a burden on the grids and ultimately to a level of insecurity with regard to the supply of electricity. The more reliable forecast data is available, the better renewables can…
