Balun Energy
Balun Energy is a privately held company based in Vienna, Austria, specializing in forecasting and renewable energy through advanced machine learning technology. Founded in 2023, the small business focuses on providing asset-level forecasts to enhance the accuracy of renewable energy production predictions.
Company Overview
Balun Energy is a privately held company founded in 2023 and headquartered in Vienna, Austria. The company specializes in forecasting, renewable energy, artificial intelligence, machine learning, and power generation. Balun Energy aims to harness machine learning technology to contribute to a sustainable energy future. The company operates within the IT Services and IT Consulting industry, focusing on providing advanced forecasting solutions.
Specialties
Balun Energy has several key specialties that define its operations. The company focuses on forecasting, particularly in the renewable energy sector, where it utilizes advanced machine learning techniques. This expertise allows Balun Energy to provide asset-level forecasts for energy production over the next hour, day, or week. Additionally, the company helps clients avoid penalties by enhancing the accuracy of renewable energy production forecasts.
History and Rebranding
Founded in 2023, Balun Energy was formerly known as Phileas. The rebranding reflects the company's commitment to advancing its mission in the renewable energy sector. The change in name signifies a strategic shift towards leveraging machine learning and AI technologies to improve forecasting capabilities in power generation.
Headquarters and Size
Balun Energy is headquartered in Vienna, Austria. The company is classified as a very small business, with a total size of four employees. This small team structure allows for agile operations and focused expertise in its specialized fields.