Swiss climate tech startup Wegaw raises €974k to help companies and governments move towards Net Zero
Summary
By combining satellite data with cutting edge AI analytics, Wegaw presents actionable insights for renewable energy stakeholders that enable a claimed 10% increase in production. We are especially proud to have attracted such an incredible line-up of international climate tech investors who support our ambitions and are thrilled to actively collaborate with forward-thinking energy companies across the globe.” Leveraging machine learning, AI and geospatial algorithms to process space data and identify various characteristics such as snow, water, soil humidity or waves at different levels of technological maturity, the tech aims to accurately forecast sustainable energy output. Innovation and tech are two of the driving forces in Europe’s move to net zero, and startups are leading the way for the continent to reach its climate goals. Our data and economic insights are key to efficiently planning and operating renewable energy assets, as well as balancing the grid with existing assets.” With Net Zero commitments in place, more countries, investors and businesses are working closely together to speed up affordable cleantech adoption worldwide. The startup also works with government bodies and national agencies to reduce CO2 emissions and aid international efforts to attain Net Zero status.