ANNEA receives 2.75 million euros in seed funding
ANNEA, a Hamburg-based climate tech startup, raises 2.75 million euros in its current seed financing round. The round is led by Voyager Ventures, existing investors Faber Ventures and Innoport also participated. ANNEA specialises in automated, predictive maintenance and performance optimisation in the renewable energy sector.
ANNEA makes wind energy more profitable
ANNEA is using the current funding to strengthen its presence in the US market, expand its established market position across Europe, including Germany, Spain, Portugal and the UK, and increase its position in South East Asia. The startup is also focussing on new strategic partnerships in the wind industry. ANNEA has set itself the goal of eliminating 70 million tonnes of CO2 equivalent from renewable energy production every year.
Owners and providers of renewable energy infrastructure are often faced with high operating costs and unexpected downtime. ANNEA's software-based approach offers a solution to these challenges. Using artificial intelligence, the startup creates digital twins of each component of a wind turbine without having to install additional sensors. With this technology, ANNEA helps owners and operators of wind turbines to increase the production of renewable energy by an average of 5 to 15 per cent per year. At the same time, the predictive maintenance software reduces downtimes by around 80 per cent and cuts maintenance costs by 10 to 50 per cent, according to the company. ANNEA's partners include the world's largest owners and operators of renewable energy plants.
