Based in the US, WindESCo provides analytics software that helps improve the performance of wind turbines.
The deal will enable ABB, which supplies wind converters for wind turbines, to use WindESCo’s solutions and further bolster its position in the renewable power generation sector.
It will also help the company offer end-to-end solutions to its wind turbine customers and open a new market channel for its digital offering.
ABB Motion System Drives division president Chris Poynter said: “This strategic venture capital investment allows us to strengthen our market position supporting the energy transition and continue to shift our portfolio of customer solutions towards renewables and decarbonisation.
“It will complement ABB’s wind portfolio with a strong digital offering by WindESCo, that enables both companies to leverage their strong presence in the growing wind market.
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“This win-win transaction will offer a holistic solution approach to our customer bases and it will expand the service offering by ABB Motion. We look forward to developing new synergies with the talented team at WindESCo.”
Meanwhile, WindESCo will also be able to use ABB’s electrical domain expertise to further strengthen its software offering.
Currently, WindESCo has a workforce of nearly 25 employees and works with 40 customers on projects in 18 countries.
WindESCo founder and CEO Mo Dua said: “The equity investment by ABB and our technical collaboration will allow WindESCo to expand its offering to the wind turbine electrical system with the goal of being the leading comprehensive asset performance monitoring solution provider for the wind industry. We are glad ABB chose WindESCo as their digitisation partner.”