Energy and technology company Trailstone bought meteo*swift, a renewable power forecasting company.
meteo*swift employees will join Trailstone to help accelerate the development of Trailstone’s AI and machine learning capabilities to better predict renewable power production and market conditions.
“We are delighted to welcome the meteo*swift team to Trailstone. Combining their best-in-class forecasting capabilities and AI/ML platform with our global energy market expertise will improve the quality of Trailstone’s services for our existing customers and facilitate our expansion into new markets.” said John Redpath, CEO of Trailstone.
Trailstone plans to maintain meteo*swift’s office in Grenoble. While Trailstone has operated in the French power market for several years, this will be Trailstone’s first office in France. Earlier this year, Trailstone announced another expansion of its geographic footprint with the opening of an office in Sligo, Ireland.
Trailstone is a global renewable energy trading and asset management firm that provides risk management and energy optimization to improve production and financial returns. The company offers an automated end-to-end renewable power management platform, backed by a track record in energy trading.
Trailstone’s proprietary technology leverages data analytics and meteorology to offer modeling, forecasting and trading capabilities to its clients. Trailstone was founded in April 2013. To date, Trailstone has helped optimize more than 15,000 unique MWs of renewable energy assets and operates in 15 countries.
