SkySpecs acquires Fincovi and Vertikal AI

SkySpecs acquires Fincovi and Vertikal AI to develop cutting-edge technologies for the wind energy sector and industry. In particular, this involves robotization, automation and the use of new technologies for wind farm assets.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

SkySpecs acquires Fincovi and Vertikal AI to develop cutting-edge technologies for the wind energy sector and industry. In particular, this involves robotization, automation and the use of new technologies for wind farm assets.

SkySpecs, Fincovi, Vertikal Al to modernize assets

SkySpecs, a world leader in wind turbine technology, has become the owner of two well-known companies. Vertikal Al is a pioneer in the implementation of Artificial Intelligence (AI) for the operation and maintenance of wind farm assets. Fincovi aims to make renewable energies the best managed and most sustainable real asset class.

“There is an incredible opportunity to integrate operating data with financial data to provide better insight into asset investment,” testifies Ray O’Neill, CEO of Fincovi.

These companies combine the information and technologies needed for optimal asset management in the clean energy sector. SkySpecs automates maintenance operations, Fincovi predicts risks and returns, and Vertikal provides advanced asset monitoring. In the long term, this collaboration will ensure lasting benefits for owners.

Automation and robotization in the wind power industry

The automated robotics developed by SkySpecs have already enabled it to automate large-scale wind turbine operations and maintenance. SkySpecs’ aim is to implement new technological innovations. Vertikal Al, for example, is developing robotic predictive analysis software for the rapid detection of faults and other malfunctions.

“Joining SkySpecs will enable us to deliver our predictive maintenance software to market – on a large scale – for maximum performance impact with wind power producers,” adds Allan Larsen, CEO of Vertikal.

The modernization of the wind power industry also involves the deployment of autonomous drones across wind farms. Drone inspection cuts the cost of a traditional manual inspection by 40%. Results can be achieved in just a few days, whereas it usually takes several weeks.

This technology will become essential for offshore wind farms, where maintenance and inspection operations remain complex. A recently published report forecasts the growth of the drone market in the renewable energy industry. SkySpecs is already one of the emerging players in this industry, thanks to its innovative wind turbine technologies.

SkySpecs
SkySpecs wind turbine inspection drone (Source: SkySpecs).

New spearhead: predictive information and data management

Owners of wind power assets are looking to maximize their returns, while minimizing their expenses. To achieve this, SkySpecs aims to use data automation to generate profitability. In addition to increasing total production potential, these systems also extend asset life.

“Our global customers face critical challenges in budgeting and maximizing the lifespan and return on their assets,” explains Danny Ellis CEO of SkySpecs.

Predictive and automated information must enable asset owners to have a global vision of their operations. Finally, automation and robotization of wind turbines appear to be viable solutions to support the rapid modernization of the wind power sector.

SkySpecs supports the modernization of its customers’ wind power assets

SkySpecs already operates in 26 different countries. The group now has offices in Ann Arbor Mi (USA), Amsterdam (Netherlands), Dublin (Ireland), Vejle (Denmark), and Hyderabad (India). SkySpecs customers include wind farm owners, operators and OEMs.

“Collectively, we’ll help wind farm owners and operators to invest in, maintain and manage the world’s best-performing wind assets,” says SkySpecs’ CEO.

Owners need to ensure the long-term sustainability and profitability of their wind farm assets. Yet as the wind industry grows and modernizes, many components are aging prematurely. SkySpecs is thus establishing itself in a market of the future, where demand is likely to increase significantly and prematurely.

Schneider Electric reaffirmed its annual targets after reporting 9% organic growth in Q3, driven by data centres and manufacturing, despite a negative currency effect of €466mn ($492mn).
The Italian industrial cable manufacturer posted revenue above €5bn in the third quarter, driven by high-voltage cable demand, and adjusted its 2025 guidance upward.
The Thai group targets energy distributors and developers in the Philippines, as the national grid plans PHP900bn ($15.8bn) in investments for new transformer capacity.
Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.
The French industrial gas group issued bonds with an average rate below 3% to secure the strategic acquisition of DIG Airgas, its largest transaction in a decade.
With a 5.6% increase in net profit over nine months, Naturgy expects to exceed €2bn in 2025, while launching a takeover bid for 10% of its capital and engaging in Spain’s nuclear debate.
Austrian energy group OMV reported a 20% increase in operating profit in Q3 2025, driven by strong performance in fuels and petrochemicals, despite a decline in total revenue.
Equinor reported 7% production growth and strong cash flow, despite lower hydrocarbon prices weighing on net results in the third quarter of 2025.
The former EY senior partner joins Boralex’s board, bringing over three decades of audit and governance experience to the Canadian energy group.
Iberdrola has confirmed a €0.25 per share interim dividend in January, totalling €1.7bn ($1.8bn), up 8.2% from the previous year.
A new software developed by MIT enables energy system planners to assess future infrastructure requirements amid uncertainties linked to the energy transition and rising electricity demand.
Noble Corporation reported a net loss in the third quarter of 2025 while strengthening its order backlog to $7.0bn through several major contracts, amid a transitioning offshore market.
SLB, Halliburton and Baker Hughes invest in artificial intelligence infrastructure to offset declining drilling demand in North America.
The French energy group announced the early repayment of medium-term bank debt, made possible by strengthened net liquidity and the success of recent bond issuances.
Large load commitments in the PJM region now far exceed planned generation capacity, raising concerns about supply-demand balance and the stability of the US power grid.
The termination of a strategic contract with Dutch grid operator TenneT triggered the administration of Petrofac’s holding company, reigniting tensions with creditors.
Algeria has removed Rachid Hachichi from the leadership of Sonatrach, two years after his appointment, replacing him with Noureddine Daoudi, former head of the National Agency for the Valorisation of Hydrocarbon Resources.
Portugal’s Galp Energia reported an adjusted net profit of €407 million in Q3, driven by higher refining margins and strong contribution from liquefied natural gas.
Air Liquide signs agreement to acquire NovaAir, strengthening its presence in India’s industrial gas market by expanding its national footprint.
Voltalia's Q3 2025 revenue rises to €164.7mn, fuelled by a sharp increase in services activity, while energy sales decline due to currency effects and lower prices.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.