⏳ 6min read /✍ by Valentina Terranova

In today’s rapidly evolving world, the energy sector faces numerous challenges, and finding innovative solutions is crucial. As investors passionate about driving positive change, we are excited to announce our decision to invest in Splight, a groundbreaking startup that can accelerate one of the most important challenges of our time: Energy Transition.

Addressing Energy Inefficiencies

A staggering 40% of renewable energy generated worldwide goes to waste. The main reason behind this inefficiency is that current energy systems are not utilized to their full capacity. In fact, between 50% and 75% of the real installed capacity remains unused due to static assumptions and overly cautious safety buffers in the design and operation of the energy infrastructure. This results in significant inefficiencies and prevents the full potential of renewable energy from being harnessed.

“There is more wind and solar currently sitting in the interconnection queue right now than we have total power generation capacity of all kinds in the entire country.” –@shaylekann on @CatalystPod 😳

— ian 🔮🪤 (@IanRountree) May 4, 2023

 

To go deeper in the problem listen to this podcast: Understanding the transmission bottleneck: The U.S. power grid is clogged, and it’s holding back the energy transition.

 

The Splight Solution

Splight has recognized this critical issue and is building the digital infrastructure necessary to shape the future of energy. They are changing the static paradigm of operating electrical grids to a real-time and AI based automated decision making. With Splight technology customers can unlock 50% of the grid idle capacity, allowing the injection of all the renewable energy installed and eliminating long interconnection queues that are blocking millions of MW of clean energy. 

Splight digital platform makes incredible easy to map the energy infrastructure, connect to all physical devices and automations, collect data in real time using various protocols, process the data with minimal latency, and deploy Machine Learning forecasting algorithms.

 

Unleashing Artificial Energy

Splight’s revolutionary approach paves the way for what they call “Artificial Energy.” Artificial Energy refers to energy that would not have been generated, stored, transported, traded, or distributed without the application of Splight’s proprietary AI solutions to existing power infrastructure. By leveraging advanced AI algorithms, Splight enables energy systems to operate more efficiently, effectively utilizing the full capacity of renewable energy resources.

 

The Power of Real-Time Data and AI

The key to Splight’s success lies in their ability to collect and process real-time data from various sources within the energy ecosystem. By analyzing this data in short periods of latency, Splight’s AI algorithms can identify patterns, optimize energy usage, and make data-driven decisions. This enables energy systems to operate dynamically and adapt to changing demand and supply conditions.

 

Last but not least, an exceptional founding team

Splight’s founding team possesses a rare and exceptional combination of experience in both the energy industry and machine learning/technology. This unique blend of expertise positions them perfectly to develop cutting-edge technologies. At the core of our investment decision in Splight lies our belief in their transformative vision and their ability to address one of the biggest challenges facing the energy industry today.