Greenbyte provides a SaaS platform to owners and operators of renewable energy assets around the world. To date, the Greenbyte software platforms Breeze and Bright are used in 13 GWs of wind and solar assets powering more than 7 million households with renewable energy.
A 5 million Euro investment from Belgian firm, Korys, is another step towards Greenbyte’s vision of a sustainable world powered by renewable energy. Indeed, Greenbyte’s products and services enable the translation of data into actions that in turn lead to greater efficiencies for Greenbyte’s customers.
The belief of Greenbyte is that improved returns from renewables will ultimately result in a faster transition from conventional to sustainable energy generation.
The capital will be used to further intensify product development and expansion into new geographies. Greenbyte will package Breeze and Bright under one overarching service offering called the Greenbyte Energy Cloud, under which other renewable energy technologies such as hydro and energy storage will find a home in the near future.
Furthermore, the capital will be used to finalize the development and commercialize Greenbyte’s new predictive analytics services based on a deep understanding of renewable energy data, renewable energy technologies and data science.
“Even though we are experiencing a strong interest for our services and products globally, the opportunity to extend our offering and meet unmet needs of our customers remains huge,” said co-founder and CEO Jonas Corné. “We look forward to strengthen our leadership in innovation and user experience within the rapidly growing field of enabling technologies for renewable energy.”
With this additional investment, Korys underpins its support to the company and its management team.
“Data analytics and enabling technologies in the renewable energy segment in general are key focus areas at Korys,” said Brieuc de Hults, senior investment manager at Korys. “We believe Greenbyte will be one of the leaders and most successful companies in this segment, especially with its new predictive analytics services, which will be a very important tool for renewable energy players. In a market where subsidies are decreasing or simply disappearing, predictive analytics and intelligent insights will be key to create and capture additional value.”
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