Optimeering
Prognosis and automation software for power operations, helping companies to reduce your imbalance costs and unveil new opportunities.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 Valuation: €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
* | $1.7m Valuation: $8.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Optimeering is a startup that operates in the energy sector, specifically focusing on the transition to a renewable-only power system. The company uses artificial intelligence (AI) and optimization techniques to make efficient operational decisions. Their primary market is the Nordic region, where they have developed and implemented various algorithms for the Frequency Containment Reserves (FCR), automatic Frequency Restoration Reserves (aFRR), and manual Frequency Restoration Reserves (mFRR) reserve capacity markets. These terms refer to different types of reserves used in power systems to balance supply and demand and maintain the system's frequency.
Optimeering has also developed a product called Impala, designed for near-term imbalance forecasting. This tool is used by Transmission System Operators (TSOs) in the Nordic region as part of the new Nordic Balancing Model. Essentially, it helps predict and manage any differences between the amount of electricity produced and the amount used.
The company's business model revolves around providing real-time forecasting and automation software for same-day power market operations. They generate revenue by selling these software solutions to companies active in the same-day power markets. With over 60 years of combined experience in power and AI development, Optimeering is positioned to transform same-day power market operations, making them more efficient and reliable.
Keywords: Renewable Energy, Artificial Intelligence, Optimization, Nordic Power Market, Frequency Reserves, Impala, Imbalance Forecasting, Real-time Forecasting, Automation Software, Same-day Power Market Operations.