Project finance and risk analysis company EverVest has created a data analytics platform which offers investors accurate financial risk analysis for renewable energy projects. The company, backed by investment platform Computer Science and Artificial Intelligence Laboratory, based its technology on research from MIT’s Ultra Capital (CSAIL) carried out by EverVest’s cofounder Teasha Feldman. The software utilises factors such as location, contracts, equipment, weather conditions and costings to produce an accurate rate of return estimate. The software can be used for solar energy projects, water treatment plants, recycling facilities and waste-to-energy projects amongst others.
Project finance and risk analysis company EverVest has created a data analytics platform which offers investors accurate financial risk analysis for renewable energy projects. The company, backed by investment platform Ultra Capital, based its technology on research from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) carried out by EverVest’s cofounder Teasha Feldman. The software utilises factors such as location, contracts, equipment, weather conditions and costings to produce an accurate rate of return estimate. The software can be used for solar energy projects, water treatment plants, recycling facilities and waste-to-energy projects amongst others.