The London-headquartered start-up is aiming to build an online solar electricity forecasting service for the U.K. and Europe.
The service will aim to predict cloud cover, which determines how much electricity solar panels can generate, through a combination of satellite images and new artificial intelligence software.
Jack Kelly, the co-founder of Open Climate Fix and a former research engineer at Alphabet-owned DeepMind, told CNBC on Tuesday that the U.K. currently has to keep lots of fossil fuel generators spinning at less than their full capacity in case a large cloud comes along and covers Cornwall.
These generators are a lot less efficient when they re ramped down, said Kelly.