The Smart4RES project aims to enhance renewable energy source (RES) forecasting through innovative research and collaboration across six countries, involving twelve partners over a budget of €4 million. It addresses significant gaps in current forecasting technologies, focusing on weather prediction tailored for RES applications, improving accuracy, and integrating new forecasting tools. The project seeks to optimize the value of forecasting products and explore business models that incentivize data sharing while maintaining privacy and confidentiality.