Completed
Closed. Forecasting for 12 facilities now.
MillraceThis project has been verified
Output forecasting software for small hydro power operators.
$270,000 raised so far, confirmed by both parties (79%)
Details
- Category
- Enterprise Software
- IP type
- Software
- Stage
- Revenue
- Ask type
- Fixed amount
- Listed
- Sep 16, 2026
- Views
- 0
Description
Millrace forecasts small hydro power output using upstream weather and flow data, helping operators bid accurately into energy markets instead of relying on rough historical estimates that leave money on the table or trigger penalties.
Problem
Small hydro operators often bid into energy markets using rough historical output estimates, either underselling capacity or facing penalties for missed commitments.
Solution
Short-term output forecasting built from upstream weather and river flow data, tuned per-facility rather than a generic regional model.
Target market
Independent small hydro power operators and the utilities that buy their output.
Business model
Annual per-facility forecasting subscription.
Investments
Freya Nilsen invested $190,000
6% equity
Bjorn Eriksen invested $80,000
3% equity
Discussion (1)
Bjorn Eriksen
Per-facility tuning instead of a generic regional model is what actually makes this useful for bidding.
Petra NovakVerified account
Innovator·🇨🇿 Czechia
Energy systems engineer, worked on small hydro forecasting for a utility co-op.