January 11 (Renewables Now) - US drone wind turbine inspection company SkySpecs said Tuesday it has secured USD 8 million (EUR 6.7m) in a series B round led by Statkraft Ventures together with UL Ventures and Capital Midwest.
Existing investors, such as Venture Investors and Huron River Ventures, also participated in the funding round. SkySpecs will use the funds to scale its international operations and develop inspection software.
"This year we will enable owners to harness the power of the data collected by our automated drones in a platform that they can use to decide what to repair and when to repair it," said chief executive Danny Ellis. The company says it completed 3,600 turbine inspections at more than 70 wind farms in the US and Europe last year.
Alexander Kueppers of Statkraft Ventures, the venture capital arm of Norwegian state-owned utility Statkraft, said that automation and standardisation of operations and maintenance (O&M) tasks are the next big challenge in cost competition after the substantial fall in renewable technology costs in recent years. "SkySpecs is the fastest growing inspection company in the wind sector, making rotor blade inspections more precise and safe while keeping operations at a lower cost compared to traditional methods," Kueppers added.
(USD 1 = EUR 0.837)