ABB Acquires a Minority Stake in WindESCo, An Analytics Software Provider

ABB Motion and WindESCo have signed a strategic partnership, where ABB has acquired a minority stake in WindESCo through its venture capital unit, ABB Technology Ventures. US-based WindESCo is a leading analytics software provider for improving the performance and reliability of wind turbines. Leveraging WindESCo solutions, the investment will strengthen ABB’s position as a key enabler of a low carbon society and its position in the renewable power generation sector. It will allow the company to continuously improve wind turbines’ performance and reliability, offer end-to-end solutions to wind customers and open a new market channel for its digital offering. Financial details of the investment were not disclosed.

WindESCo has around 25 employees and works with 40 customers on projects in 18 countries. It has developed an OEM agnostic asset performance monitoring software to detect anomalies in wind turbines, propose corrective actions and measure their results. The company has also developed a wake optimization solution that leverages data across a wind plant to optimize plant output.