Israeli AI Startup REplace Raises $2.1M to Accelerate Clean Energy Deployment
Tel Aviv-based startup REplace has secured $2.1 million in funding to expand its AI-powered platform that streamlines the development of renewable energy and data center projects. The investment was led by Gravity Climate, whose founding team includes Dr. Bracha Halaf, former Chief Scientist at Israel’s Ministry of Energy, and Zafrir Yoeli, Co-Founder of Enlight.
REplace’s platform uses proprietary algorithms to analyze over 50 data points—including landownership, grid availability, permitting risks, and market dynamics—to instantly assess whether a site is viable for development. This capability can reduce siting timelines from months to seconds, significantly reducing costs and accelerating project deployment.
“REplace is setting a new standard for how renewable energy and data center projects are developed and planned,” said Matias Sigal, Co-Founder and CEO. “This investment fuels our vision to become the definitive platform for renewable energy development and acquisition, and to help drive the global energy transition at the speed the world demands.”
The platform is already being used by global energy companies such as Iberdrola, EDF Renewables, Doral Energy, Elawan, and Bithenergy. With the latest funding, REplace plans to grow its engineering team and further integrate AI across land intelligence and acquisition tools.
The Problem REplace Solves
The need for REplace stems from a critical bottleneck in achieving global climate goals. To meet the target of tripling renewable energy capacity to 11,000 GW by 2030, project failure rates must be significantly reduced. Currently, 80% of renewable energy projects fail before construction, primarily due to inefficient manual site selection that overlooks key constraints.
How REplace is Changing the Market
REplace is bringing speed, accuracy, and transparency to one of the most critical and risk-prone stages of renewable energy and data center development: site selection and project evaluation. The AI-powered platform analyzes over 50 key parameters to reduce risk and boost returns, enabling developers to identify optimal locations in seconds.
Market Potential and Customers
Global renewable energy developers and project investors are already using REplace. The platform is also being adopted by data center developers looking for optimal sites with access to clean energy and infrastructure. This represents a fast-growing, multibillion-dollar market.
Competitive Landscape
While competitors like Paces and Glintsolar exist, REplace stands out by offering a faster and smarter alternative. The platform uses proprietary algorithms and continuously updated public data, including grid infrastructure and permitting constraints, to help developers identify optimal sites with higher chances of reaching ready-to-build status.
Founders’ Expertise
The founders bring a mix of technical expertise, business development experience, and entrepreneurial background in renewable energy. CEO Matias Sigal has led business development at a climate tech startup, while CTO Alan Algamis has 14+ years of experience building scalable software platforms.
Use of Funds
The $2.1 million investment will be used to accelerate expansion in North America, grow engineering and sales teams, and enhance proprietary land intelligence and project acquisition technology. The company will also invest in building exclusive data on grid infrastructure and permitting.
