SkySpecs secures $20 million for global expansion

SkySpecs, a leader in renewable energy asset management, has announced it raised $20 million in funding. The investment was led by Goldman Sachs Alternatives, along with contributions from other renewable energy investors like Statkraft and Equinor Ventures. This funding shows strong confidence in SkySpecs’ ability to grow and innovate. CEO Dave Roberts highlighted the company's significant momentum after a successful year in 2024. He emphasized the importance of providing data-driven insights that help energy asset owners improve performance and profitability. SkySpecs has a large client base, with 125 global customers and over 270,000 wind turbines inspected. The company boasts the largest dataset in the industry, using advanced drone technology to help clients enhance their operations. The investment will allow SkySpecs to develop new technologies and expand its reach in the renewable energy sector. In 2024, SkySpecs achieved important milestones by acquiring businesses focused on performance monitoring and financial analytics. These enhancements will help owners optimize their maintenance and reduce costs. Tanner Mahoney from Goldman Sachs expressed confidence in SkySpecs’ ability to address challenges in wind energy through integrated data solutions. With this latest investment, SkySpecs aims to strengthen its role as a leader in renewable energy asset health management. Goldman Sachs is known for its expertise in alternative investments and has a long history of backing companies that drive sustainability and growth.