Exceedence tell us about their aspirations for Data Pitch and beyond.

The EU energy market is facing several challenges, including the increasing scarcity of traditional resources, the need for greater environmental protection and the ever-growing demand for energy, which is set to increase by a third by 2040. If the EU energy market is to tackle these challenges, we urgently need to increase energy efficiency.

Irish startup Exceedence are developing software to make renewable energy projects more efficient, and more commercially viable. We spoke to CEO Ray Alcorn about their plans for Data Pitch.

What do you hope to achieve on the Data Pitch accelerator?

We hope to refine our product, which aims to increase efficiencies in the operational phase of wind projects. Our product will identify the main causes that affect whether the target financial and technology outcomes from a project are not met.

What shared data will you work with and how will you use it?

We’re working with operational data provided initially by University College Cork as part of the Energy Challenge (increasing efficient energy creation and use). We’re analysing the datasets and rebuilding financial models to allow for performance comparison over time.

Why do you think it is important for startups to work with large scale data providers?

It is mutually beneficial. Often data providers are the custodians of data that is under-used. Startups can innovate to add value to data, and are also able to pivot more quickly to reach a sustainable business model.

What’s the best thing about working with data?

Finding previously undiscovered insights!

If you could change one thing about the data ecosystem what would it be?

We would reduce the amount of data that is kept secret and closed off. We need more data to be shared so that we can learn from it, and improve services and performance based on these learnings.