The sky’s the limit for SkySpecs

SkySpecs lands $80 million strategic investment

SkySpecs has some serious wind at its back following the $80 million strategic capital raise led by the Sustainable Investing business within Goldman Sachs Asset Management. The financing round also included participation from a subsidiary of NextEra Energy Resources, one of SkySpecs largest customers. SkySpecs provides service and software solutions to make renewable energy the most efficient power source in the world. The new funding will help SkySpecs accelerate the expansion of their software offerings by leveraging their existing foundation of automated high quality data collection and analytics, as well as grow its geographic footprint in order to advance its mission to optimize renewable performance and help displace fossil fuel generation.

“It’s a pivotal time for the future of renewable energy,” said Danny Ellis, CEO, SkySpecs. “The industry is constantly changing, and companies need to be equipped to grow with it. Effective asset management, and the data to achieve it, is key for future success.”

SkySpecs manages approximately 118 gigawatts of renewable energy assets across over 30 countries. The company monitors about 45% of all North American wind turbine blades, with more than 300,000 blades inspected.

McRock led the previous two financing rounds.