enercast Spins Off Mining Digitization Business into a New Venture
- Agreement with major customer K+S Aktiengesellschaft
- enercast boosts investment in the digital transformation of renewable energy
- Bernd Kratz transfers as managing director to the new Castalytics GmbH
enercast, leading technology provider for applied artificial intelligence, has divested its mining business into an independent corporation. An agreement with K+S Aktiengesellschaft enables enercast to thus strengthen investments in its core business, the digital transformation of renewable energy, and to accelerate the expansion in overseas markets.
The newly created company, Castalytics GmbH, will be headed by Bernd Kratz who has consequently relinquished his role as one of the managing directors of enercast GmbH.
Thorsten Boeckers, member of the executive board and chief financial officer of K+S Aktiengesellschaft, comments: “The digital transformation of our business processes is one of the keys for implementing our group strategy Shaping 2030. We are happy to have the new Castalytics GmbH as a partner who is fully committed to the digitization of the mining business. Through our collaboration we expect a consistent implementation of the solution which we successfully developed in collaboration with enercast over the recent years, such as for the optimization of extraction efficiency.”
Going forward, Dr. Henning Schulze-Lauen will lead enercast as the sole managing director and chief executive officer. Says Schulze-Lauen: “The success of our new integration platform for power forecasts and other digital services has encouraged us to focus entirely on our customers in the renewable energy business and to expand our understanding of their business processes. Spinning off the highly specialized mining know-how also furthers the product strategy we adopted last year, and which is centered on a scalable and fast-growing software-as-a-service business.”
enercast is a leading technology provider for applied artificial intelligence and the digital transformation of renewable energy. Its self-learning software-as-a-service products deliver accurate power forecasts for wind power and solar plants, thus enabling the integration of renewable energy into power grids and energy markets worldwide. Its integration platform for the industrial application of artificial intelligence and big data supports its customers’ decision-making processes, fulfilling enercast’s promise: “Weather insights that put you in control”. Founded in 2011, enercast is headquartered in Kassel, Germany and delivers 100 million forecast data points to 20 countries around the globe, covering 160 GW of installed capacity. enercast GmbH is privately owned and counts innogy Venture Capital and High-Tech Gründerfonds among its shareholders.