ANNEA secures 2.75 million euros for increasing the efficiency of wind energy

With 2.75 million euros in funding, ANNEA is expanding its role as a pioneer in improving the efficiency of wind turbines - AI-supported solutions for more sustainable energy production.

The Hamburg-based startup ANNEA, specializing in predictive maintenance and performance optimization in renewable energy, recently secured an investment of 2.75 million euros in its latest financing round. Led by Voyager Ventures and with participation from existing investors Faber Ventures and Innoport, this investment will drive the development of their technology to increase the efficiency of wind turbines.

Our aim is to use the new financing to strengthen our position and expand globally.

Dr. Maik Reder, Co-Founder and CEO of ANNEA

ANNEA's technology aims to increase renewable energy production by an average of 5 to 15 percent annually. At the same time, unplanned downtime is reduced by around 80 percent and maintenance costs are cut by 10 to 50 percent.

The current funds will be used to strengthen ANNEA's presence in the US market, expand its position in Europe, including Germany, Spain, Portugal and the United Kingdom, and establish a presence in Southeast Asia. The company also plans to enter into new strategic partnerships in the wind industry, eliminating 70 million tons of CO2 equivalent annually from renewable energy production.

The support of our investors underlines our know-how and our efforts to increase the efficiency of renewable energies.

Marcel Frenzel, Co-Founder and COO ANNEA

ANNEA's technology uses AI-based predictive maintenance forecasts to signal to owners and operators at an early stage when plants are not performing as expected or could fail. This gives them detailed production forecasts and enables them to make data-driven decisions.

ANNEA's platform provides critical support for wind operators and service providers by reducing downtime and increasing power generation.

Sierra Peterson, Founding Partner of Voyager

ANNEA provides a digital twin platform for automated, predictive maintenance and performance optimization of renewable energy infrastructure and is based in Hamburg and Lisbon.