Glint Solar raises US$ 3m for machine learning-based solar siting technology
- A group of capitalists including Statkraft Ventures has actually invested US$ 3 million in software-as-a-service (SaaS) company Glint Solar and also its site recognition technology for both ground install as well as floating solar parks.
Statkraft Ventures, sustainable venture fund Energy, Norwegian early-phase venture fund Wiski Capital as well as existing shareholders invested the money in Glint Solar's seed funding round, with the Norwegian firm set to utilize the funds to expand its consumer base as it strives to become "an international software for solar programmers in the early phase of the value chain".
Glint Solar said one of the most significant obstacles to better PV deployment was recognition of brand-new project sites as well as the threat as well as opportunities they have, which it is trying to solve through its software.
The software evaluations a variety of infrastructural and climate factors connected to the possible site using machine learning, satellite imagery and federal government data sets.
"Glint Solar is resolving this obstacle through its software, enabling designers to determine details locations of rate of interest or screen huge geographical locations, locate grid link points as well as perform technical and also economic analyses, while enhancing the process inside in the designer's organisation," Glint Solar claimed in a media statement.
Its CEO as well as founder, Harald Olderheim, said that numerous designers were guilty of being too "responsive" in their siting procedures, awaiting leads, employing consultants and even making use of basic software like Google Maps to site their projects.
"Instead of simply looking at a handful of prospective project sites, we empower the designers to quickly examine countless potential projects in a proactive fashion," claimed Olderheim.
"Solar power is becoming really expense effective, which indicates there is increasing competition to secure eye-catching project sites, and that's where Glint offers the designers a competitive edge," included Olderheim.
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