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RatedPower develops pvDesign, a cloud-based software that automates and optimizes the design and engineering of utility-scale photovoltaic solar plants. The platform streamlines feasibility analysis, basic engineering, and system design, including hybrid and energy storage solutions. Its core capability rapidly generates detailed designs, significantly reducing manual effort in large-scale solar project development.
The company was founded in 2017 by Andrea Barber, Juan Romero, and Miguel Ángel Torrero. Their insight arose from the inefficiencies of traditional solar plant design, leading them to envision a digital solution. They aimed to accelerate utility-scale solar project development through an intelligent, automated tool, addressing a critical bottleneck in renewable energy expansion.
RatedPower serves project developers, independent power producers, EPC contractors, investors, and equipment manufacturers. The company's long-term vision is to become the definitive software-as-a-service suite for the entire renewable energy sector, facilitating faster, more cost-effective, and scalable deployment of green energy infrastructure globally.
RatedPower has raised $6.0M across 1 funding round.
RatedPower has raised $6.0M in total across 1 funding round.
RatedPower has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Series A in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2021 | $6M Series A | Seaya Ventures | ALL Iron Ventures, Bond, Charlotte Street Capital, VentureFriends, Wndrco LLC, Justin Mateen, Klaus Nyengaard, Sergio Furio | Announced |
RatedPower has raised $6.0M in total across 1 funding round.
RatedPower's investors include Seaya Ventures, All Iron Ventures, Bond, Charlotte Street Capital, VentureFriends, WndrCo LLC, Justin Mateen, Klaus Nyengaard, Sergio Furio.
RatedPower is a Madrid-based technology company that provides cloud-based software for automating and optimizing the design, analysis, and engineering of utility-scale solar photovoltaic (PV) plants.[1][2][5] Its flagship platform, pvDesign (recently rebranded as RatedPower), serves solar developers, engineering, procurement and construction (EPC) firms, independent power producers (IPPs), investors, contractors, and manufacturers in over 160 countries, enabling them to simulate designs in seconds, compare options, generate reports, and integrate elements like energy storage and transmission lines.[2][3][4] The software solves the problem of time-intensive manual engineering—reducing design time from days or weeks to minutes—while improving accuracy, profitability through financial metrics like LCOE, and efficiency, with users reporting doubled project capacity and accelerated development from 5GW to 30GW annually.[3][5][6] As part of Enverus since its acquisition, RatedPower has facilitated over 55TW of designs, powering global solar deployment.[2][4][7]
Founded in 2017 in Madrid, Spain, by Andrea Barbera Arregui, Miguel Ángel Torrero, and Juan Romero, RatedPower emerged from the founders' recognition of inefficiencies in traditional PV plant engineering, which relied on manual tools like AutoCAD and spreadsheets, taking weeks per project.[5][6] The trio developed pvDesign as a SaaS solution to automate optimal solar layouts based on site topography, radiation, and electrical needs, achieving early traction with over 10,000 projects and 800GW developed in three years across 130+ countries.[6] Pivotal moments include expansions into financial modeling, BESS integration, and 3D simulations, culminating in its acquisition by Enverus, the energy SaaS leader, enhancing its reach to 6,000+ customers.[2][4][7] A recent rebrand unified pvDesign under the RatedPower name, emphasizing "smart energy flow" with PRISM integration for grid analytics.[8]
RatedPower rides the explosive growth of renewable energy, particularly utility-scale solar, amid global net-zero pushes and bifacial modules' rise on irregular terrains, where traditional tools fall short.[5][7] Its timing aligns with surging demand—solar capacity additions hit record highs—fueled by falling panel costs, policy incentives, and grid modernization needs, enabling faster deployment to meet 8-10TW annual targets.[1][2] By automating engineering bottlenecks, it lowers barriers for developers in emerging markets, boosts ROI via optimized designs, and integrates with Enverus' ecosystem for end-to-end intelligence across renewables, oil/gas, and utilities.[4][8] This influences the ecosystem by standardizing best practices, accelerating 55TW+ in designs, and fostering innovation in hybrid PV+BESS projects critical for energy transition stability.[2][7]
RatedPower is poised to dominate solar design as AI-driven energy tools proliferate, with upcoming enhancements in 3D simulations, grid forecasting via PRISM, and hybrid integrations driving even greater adoption among EPCs and financiers.[4][7][8] Trends like utility-scale hyperscalers' renewable procurement and constrained ideal sites will amplify demand for its precision modeling, potentially tripling user base as solar scales to 30TW+ by 2030. Its Enverus backing positions it to evolve influence from design optimizer to full lifecycle platform, tying back to its mission of maximizing solar profitability and hastening the green transition.[1][2]
