Related Power pitch @ExpoSpain Expo 2020 Dubai Spanish Pavillion 3-Feb-2022

1 Dec 2022 · 8 min
8:20

In this pitch, Hala Lefrenji, Business Development Manager for North Africa, Middle East, Turkey and India at Red Power, presents the company’s automated solar PV design software. She begins by highlighting the massive amount of solar energy reaching Earth (173,000 TW) and frames renewable solar as a solution to the climate crisis. She then describes the two main pain points for traditional solar developers: the lengthy, manual engineering process (weeks to months per project) and the broader climate and social impacts of slow deployment. Red Power’s software automates the entire design workflow, delivering millions of design iterations in seconds, cutting engineering time from six weeks to two minutes and reducing the levelized cost of energy (LCOE) by about 5 % (equating to ~20 % higher profitability). The user simply uploads site data, selects equipment and criteria, and receives a full engineering package within minutes. The addressable market spans the full solar value chain (developers, producers, contractors) and extends to commercial‑industrial, residential, and C&I segments, representing a €36 billion opportunity. The business model is SaaS with a 14‑day free trial, emphasizing customer feedback for continuous improvement. The team, based in Spain, comprises 50 people from 15 nationalities, nearly half of whom are women, and blends software, engineering, and business development expertise. Red Power has secured a €2 million H2020 grant, $6 million Series A funding, and multiple recognitions (World Energy Council, German Energy Innovator). To date, the platform has simulated over 2,000 GW of energy (equivalent to 500 years of manual engineering), serves 100+ paying customers, 3,000 users in ~150 countries, contributed to 157 projects, avoided 9 million oil barrels, reduced CO₂ emissions by 6 million tonnes, democratized solar design knowledge through academic partnerships, and helped generate 420 MW of electricity for 216,000 families. The company is cash‑flow positive, aims to become the industry’s base for solar and other clean technologies (wind, storage, integrated solutions), and seeks further support to scale its impact.

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