REplace Raises $2.1M to Advance AI-Powered Site Selection for Energy and Data Projects
Summary
“This investment fuels our vision to become the definitive platform for renewable energy development and acquisition, and to help drive the global energy transition at the speed the world demands.” “By applying advanced AI to real estate and site selection, permitting, and project M&A, we’re compressing timelines from months into seconds—unlocking faster development, lower costs, and smarter decisions,” added Alan Algamis, Co-Founder and CTO of REplace. REplace’s proprietary platform analyzes more than 50 factors—ranging from landowners, grid data, and permitting risks to market dynamics—to identify the optimal location for a project and provide instant go/no-go decisions on specific land parcels. It also enables acquisition teams to identify and evaluate renewable energy projects in the secondary market, making it a critical tool for developers and investors. In a world racing to meet net-zero goals, platforms like REplace are essential infrastructure.” Additional participants in the round include Adam/a – the new climate tech fund backed by Crescendo Partners — as well as Techstars (follow-on), Malbec Ventures, and strategic angels from the solar and data center sectors. By combining advanced site selection and project acquisition tools, REplace reduces development timelines from months to seconds, enabling smarter decisions and accelerating deployment.