Solea Energy
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 3.8m | 7.1m |
% growth | - | 87 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $1.6m | Early VC | |
Total Funding | AUD2.5m |
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Recent News about Solea Energy
EditSolea Energy specializes in optimizing energy assets and managing risk for Independent Power Producers (IPPs) and Power Purchase Agreement (PPA) owners. Operating in the wholesale energy market, Solea leverages advanced AI tools to automate and simplify asset management, ensuring optimal participation in Day Ahead and Real Time markets. The company serves clients across all seven US Independent System Operator (ISO) markets, providing automated risk management, market monitoring, and comprehensive reporting. Solea's business model revolves around offering tailored solutions that maximize asset value while minimizing downside exposure. Revenue is generated through service fees for asset optimization and risk management solutions. The company employs over 50 experienced energy trading professionals and support staff, with offices in Texas, Kansas, and Ohio. Solea's services include advanced forecasting for renewable generation, regulatory compliance monitoring, and credit management in support of trading activities.
Keywords: AI-driven, asset optimization, risk management, wholesale energy market, Independent Power Producers, PPA owners, market monitoring, regulatory compliance, energy trading, renewable generation.