Venture Capital: ABB’s Venture Arm Invests In Wind Turbines Analytics Provider WindESCo

The minority stake in WindESCo was acquired by ABB Technology Ventures.

ABB has entered into a strategic partnership with WindESCo, a clean energy start-up, to enhance its presence in the wind energy sector. In this venture, ABB Motion has acquired a minority stake in WindESCo through its venture capital unit, ABB Technology Ventures (ATV). WindESCo, a US-based company, specializes in analytics software designed to improve the performance and reliability of wind turbines.

This collaboration complements ABB’s existing wind portfolio by introducing a digital aspect, enabling the company to expand its market reach beyond wind converters and services. While specific financial details remain undisclosed, the primary objective is to strengthen ABB’s position as a key player in the renewable power generation sector and contribute to a low-carbon society. (ABB)

WindESCo’s expertise lies in providing analytics solutions for wind turbines, including asset performance monitoring and wake optimization. With approximately 25 employees and 40 customers across 18 countries, WindESCo has developed a leading-edge OEM-agnostic software that identifies anomalies in wind turbines, suggests corrective actions, and measures their effectiveness. Additionally, they have created a wake optimization solution that maximizes plant output by utilizing data from wind plants.

This partnership allows ABB and WindESCo to offer a comprehensive solution to customers, combining ABB’s electrical domain expertise with WindESCo’s digital offerings. It strengthens ABB’s position in the growing wind market and supports the transition toward renewable energy and decarbonization.

Related Story: AI Helping Manage Wind Farms By Forecasting Wind Conditions

Image by Pexels from Pixabay

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