SAMAWATT SA

RENEWABLE POWER TRADING as a SERVICE

SAMAWATT has developed OptimalAsset™, a plug-and-play automated trading software-as-a-service solution that monitors simultaneously the fluctuation in the renewable farm production and the dynamics of the wholesale electricity market supply, demand, and prices.

OptimalAsset™ enables renewable power producers to increase profitability by: i) empowering small players to access the wholesale electricity markets directly without passing through expensive intermediaries; ii) reducing grid imbalance penalties due to intermittent production by an order of magnitude; and (iii) enhancing the stability of the electricity grid, thus reducing the need to use carbon-intensive gas fired power plants to provide emergency electricity supply.

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EDP Open Innovation First Prize

Venture Kick

Venture Kick supports potential entrepreneurs with start capital up to CHF 150'000 as well as hands-on execution support and access to a nationwide network of investors and experts in the startup field. Multiple times per year, 8 selected projects get the opportunity to present their business ideas in front of a panel. The 5 most promising projects enter the support process. After 9 months at the latest, the startups incorporate and enter the market. Since 2007, Venture Kick has invested over CHF 58 million in over 1111 projects.

Website

SAMAWATT SA

RENEWABLE POWER TRADING as a SERVICE

Headquarter:
Eysins

Foundation Date:
February 2018

Technology:

  • Cleantech

Sectors:

  • Cleantech
  • Big Data
  • Consulting services
  • Energy storage
  • Renewable energy
  • Smart Power, Green Grid
  • Machine Learning / AI
  • Solar
  • SaaS
  • Services for companies
  • Software
  • Trading

Support received

  • Support venturekick