We are excited to share that we have launched Seidr, our groundbreaking monitoring tool for renewable energy projects.

Why is this relevant?

• More than purely technical (kWh) monitoring - obtain granular, real-time financial and environmental metrics
• Improved access to financing - make projects more transparent, easier to analyze, and overall sexier through full monitoring at the project-level
• Better risk awareness - assess historical production, combined with an hourly production forecast for the next 7 days based on advanced machine learning

Our mission, as a company, is to make climate-focused projects accessible, manageable, and attractive to investors. While our expertise lies in market-making and financial engineering for renewable energy projects, we have observed that the modern renewable energy finance value chain requires tools that cover more than one or two steps of the process - project developers are severely time constrained in managing multiple projects simultaneously, and investors require more than static snapshots of scattered investment opportunities.

This requires vertically integrated tools that enable both parties to manage their projects and investments from A to Z in a seamless, transparent, and trustworthy environment. On both sides of the market, there is a strong need for project performance data. Since we sit in the middle, the idea for Seidr sprang in 2024.

What is Seidr?

Seidr is a forecasting tool for renewable energy projects, developed by Frigg. Using a project's historical production data, it forecasts hourly electricity generation for the next 7 days, leveraging real-time weather forecasts. Beyond technical production forecasting, Seidr provides a comprehensive financial and environmental outlook by incorporating key project attributes such as location, CapEx, OpEx, taxation, revenue structures (including PPA and grid sales), and more.

In essence, Seidr offers project owners a granular, real-time view of their project's future, with all critical variables updated hourly.

Seidr complements historical monitoring by tracking all recorded production data up until the last hour. This allows it to calculate cumulative values for electricity generation, avoided CO₂e emissions, and key financial metrics (e.g., debt repayments).

For whom is this relevant?

Developers get the following benefits:

• Easier fundraising – Use a more compelling, visual tool to raise financing from investors
• Centralized project management – Leverage a comprehensive overview of the performance of your project(s), and facilitate internal and external reporting
• Better operational planning – Optimize maintenance schedules

Investors get the following benefits:

• Aggregated metrics – Obtain a real-time, data-based overview of your portfolio’s technical, financial, and environmental performance
• Relevant risk identification – Incorporate reliable past performance data and short-term predictions into your portfolio risk models
• Transparent due diligence – Assess a project’s past performance before making an investment decision (applies only to the financing of operational projects)

Besides Seidr and the monitoring side of the platform, we continue to make progress in connecting project developers with financing, and we keep generating opportunities with attractive risk-adjusted return profiles for investors. To explore what opportunities (investing, financing, monitoring, structuring and more) you can leverage through Frigg, discover how we enable this via the tokenization of Real World Assets (RWAs), or give us feedback about what you just read, please contact us.

Sign up here for early access to the Frigg platform.