Replace

REplace is a Tel Aviv-based company that develops an AI-powered platform for the development and acquisition of renewable energy and data center projects. Its engine analyzes more than 50 factors — including landowner data, grid availability, permitting risk and market dynamics — to identify suitable locations and produce go/no-go assessments for specific land parcels, a process the company says compresses siting work from months to seconds. An earlier description of the product cited analysis of over 40 key parameters in a one-click platform.

The company's iQueue product is oriented toward renewable energy M&A teams. It allows users to search the full U.S. interconnection queue against custom criteria such as capacity in MW, cost, geography and development stage; to review interconnection, land, permitting and ownership signals when running diligence on inbound projects; and to track withdrawals, ownership changes, filings, saturation patterns and competitor activity as market signals. The underlying technology parses large volumes of energy documents — grid interconnection studies, regulatory filings and technical reports — into structured data. The company frames the problem around high attrition in project pipelines, citing Berkeley Lab's Queued Up 2025 finding that 87% of capacity entering U.S. interconnection queues never reaches commercial operation, and its own figure that roughly 80% of proposed clean energy projects are withdrawn, often due to siting, permitting and interconnection delays.

Founding story

Co-founder and CEO Matias Sigal moved to Israel from Argentina and worked in renewable energy project development across several international markets. In 2019, a project he and his team developed in Australia was rejected after more than 18 months of work because the land was classified as a historical site, a constraint that fragmented information and manual research had not surfaced early. Sigal had also run a personal routine he called "Startup Monday," spending Monday evenings over two years exploring global problems and validating roughly 62 startup concepts. After interviewing more than 300 renewable energy development professionals, he found that approximately 80% of projects fail between early development and construction readiness, largely due to poor site selection. REplace was founded in 2023 on that problem, with Alan Algamis as co-founder and CTO.

Business model

REplace sells software to renewable energy developers, investors and acquisition teams, offering site selection and project evaluation tools accessed through demo-led onboarding.

Traction

Named customers and users include Iberdrola (in partnership with Kyoto), EDF Renewables, Doral Energy, Elawan, Bithenergy, Enlight, Nofar Energy, Hanwha, Shikun & Binui, Lydian and Jupiter Power. An earlier profile recorded six signed clients and a team of eight; as of the May 2025 round the company reported 11 employees.

Latest developments

Following its May 2025 funding announcement, REplace has focused on growing its engineering team, extending AI across land intelligence and acquisition tools, and expanding in the U.S. market, where its iQueue interconnection-queue product targets M&A and developer teams.