EU Project “AI-TRAIN” completed
Vertikal AI’s core product is an AI platform for wind turbine drivetrain condition monitoring, using online data streams from vibration sensor systems. The business of condition monitoring is about delivering early warning on mechanical faults, so that maintenance operations and repair costs can be minimized. Early and robust fault detection also reduces unplanned downtime, and […]
SkySpecs acquires two European wind energy technology companies: Fincovi and Vertikal AI
Together, these leading companies provide world-class data insight and automation to help wind farm owners and operators best perform Ray O’Neill, CEO – Fincovi Danny Ellis, CEO – SkySpecs Allan M. Larsen, CEO – Vertikal AI ANN ARBOR, MI – SkySpecs, a global leader in wind energy technology, has acquired two of Europe’s premier wind […]
AI can accelerate the renewable energy transition
Did you know that AI can accelerate the renewable energy transition? Turbine sensor data can be turned into actionable insights that organizations can use to drive an effective business. AI can help O&M organizations reduce the cost of renewable energy by accurately detecting mechanical faults in advance. Avoiding unexpected component failure enabling cost-efficient repairs, and […]
Brian Travers Joins Fincovi as Director of Global Financial Services
Press Release 01.02.2021 – Brian Travers Joins Fincovi as Director of Global Financial Services Former Group Financial Controller for Phelan Energy, Brian Travers, joins Fincovi to head up global financial services division Brian Travers – Director of Financial Services @ Fincovi Brian comes to Fincovi with significant experience in the renewable energy sector. ACA qualified […]
Lease Payments – Getting them right from the start
Now that the Renewable Electricity Support Scheme (RESS) is about to kick off and land options will be converting to leases we felt it was timely to get our perspective on land leases down on paper. This blog post is framed around the commercial questions that can often go unanswered but which can provide some […]
RESS-1 & Inflation, the Forgotten Sensitivity
RESS Auction – Strategy The Renewable Electricity Support Scheme (RESS) is designed to promote investment in renewable energy generation in Ireland. This competitive auction requires developers or operators to bid in at their required rate of return, and if successful will be paid in line with their bid. In most European markets, similar renewable energy […]
Do you want to grow AUM?
Managing the financial, compliance and regulatory risks across a growing portfolio is getting more and more complex with the exposure to errors, that lead to a reduction in investor confidence and higher costs of capital, increasing all the time. At SkySpecs we see that the successful asset managers and fund administrators use financial administration, risk […]
SkySpecs advises EQTEC plc on sale of wind farm
Press Release 02.09.2020: Fincovi (now SkySpecs) advises EQTEC plc (AIM:EQT) on sales of Pluckanes Windfarm to BVP. Damian Malone, Fincovi’s Head of Advisory & Chief Strategy Officer 20.092020 Dublin, Ireland – Fincovi, an Irish financial services and advisory specialist in the renewable energy industry now part of SkySpecs, has successfully advised EQTEC, a world-leading gasification […]
Stargazing with Machine Learning
By Jonas Svenstrup Hansen Machine learning is transforming the wind energy industry, driven by the requirement for scalable data analysis to reduce costs. Observation of the universe is a domain increasingly dominated by huge telescope projects that produce vast quantities of complex data. Both fields thus share a common problem: There is too much data […]
