Optimeering

Oslo, Norway Founded: 2013 • Age: 13 yrs
Modelling and predictive analytics tools for the industrial sector
Annual revenue $526,957 Latest available
Total funding - 1 rounds
Employees 6 Tracked headcount
Investors 2 Known backers
Products 2 Services tracked
Competitors 10 Brand Intelligence

About Optimeering

Optimeering is a company based in Oslo (Norway) founded in 2013. The company has 6 employees as of December 31, 2019. Optimeering offers products and services including Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast. Optimeering operates in a competitive market with competitors including Gaiascope, Energy Exemplar, Invenia, Myst AI and cQuant, among others.

  • Headquarter Oslo, Norway
  • Employees 6 as on 31 Dec, 2019
  • Sectors
    Technology
    Energy & Utilities
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Optimeering As
Operational Areas
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Energy & Utilities → Power Generation & Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $526.96 K (USD)
    28
    as on Dec 31, 2022
  • Net Profit
    -$774.87 K (USD)
    -27
    as on Dec 31, 2022
  • EBITDA
    -$775.15 K (USD)
    -27
    as on Dec 31, 2022
  • Latest Funding Round
    Not available
  • Investors
    Eidsiva

    & 1 more

  • Employee Count
    6

    as on Dec 31, 2019

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Products & Services of Optimeering

Optimeering offers a comprehensive portfolio of products and services, including Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast.

Product name locked
Category locked
Primary

Predicts real-time power market prices to manage imbalances and reduce risks.

Product name locked
Category locked
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Forecasts for capacity markets to optimize trading and bidding strategies.

People of Optimeering

Headcount 10-50
Employee Profiles 1
Employee Profiles
People
Scott Melhop
Chief Technology Officer

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Teams

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Funding Insights of Optimeering

Investors in Optimeering

Optimeering has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Eidsiva and Hafslund E-CO.

All
Institutional
Investor Description Founded Year Domain Location
Hydroelectric power is produced independently by Hafslund E-CO in Norway.
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Renewable energy, fiber broadband, and district heating are provided.
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Investor details for Optimeering

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Investments & Acquisitions by Optimeering

Investments
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Investment portfolio details for Optimeering

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Financial Statements - Optimeering

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Detailed financials for Optimeering

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Optimeering Comparisons

Optimeering Primary company
Description
Modelling and predictive analytics tools for the industrial ...
Location
Oslo, Norway
Founded Year
2013
Annual Revenue
$526.96 K (USD)
Net Profit
-$774.87 K (USD)
EBITDA
-$775.15 K (USD)
Employees
6
As of 2019
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Peer comparison for Optimeering

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Competitors of Optimeering

Optimeering operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gaiascope, Energy Exemplar, Invenia, Myst AI and cQuant, among others.

Company Name Domain Founded year HQ Location Description
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Machine learning analytics for power industry forecasting are developed.
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Energy markets are modeled and simulated through specialized software tools.
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Machine learning platform is utilized to optimize utility operations.
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Business intelligence solutions are offered for energy industries.
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Quantitative models for energy analytics and risk are provided.
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Predictive analytics for Power seller and purchases of the wholesale energy market
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Detailed competitors of Optimeering

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Latest news on Optimeering

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Complete news archive for Optimeering

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Frequently Asked Questions about Optimeering

Optimeering was founded in 2013 and raised its 1st funding round 10 years after it was founded.

Optimeering is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.

As of Dec 31, 2019, the latest employee count at Optimeering is 6.

Annual revenue of Optimeering is $526.96K as on Dec 31, 2022.

Optimeering was founded in 2013 and is based in Oslo, Norway. Operations focus on the energy and industrial sectors, where modeling, analytics, and consulting services are delivered. Tools developed include machine learning applications for predicting power system imbalances, estimating municipal hourly power demand, and analyzing electricity consumption patterns. Clientele encompasses entities such as the Norwegian University of Science and Technology, Energimyndigheten, Enova, Energinet, Akva Group, and Statkraft.

Optimeering's top competitors include Energy Exemplar, cQuant and Gaiascope.

Optimeering offers Imbalance Price Forecast and aFRR & mFRR Capacity Market Forecast.

Optimeering has 2 investors. Key investors include Eidsiva, and Hafslund E-CO.

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