EUR 8.5m Wind in Sails for Offshore Energy Specialist

Copenhagen, Denmark-based offshore wind data specialist Aegir Insights has secured EUR 8.5m in Series A funds from climate tech investors - to be used in upgrading its web platform, including investment decision software and data products.

Aegir serves a global client base across corporate, financial and government segments, with product coverage across more than 60 offshore wind markets. The round was led by Seaya Andromeda with the participation of Climentum Capital, both Climate Tech Article 9 venture capital funds.

The International Renewable Energy Agency (IRENA) plans for offshore wind power capacity to grow from 64 GW capacity today to 494 GW by 2030 and 2,465 GW by 2050, but Aegir says the project development process 'remains long and complex, taking as long as 10 years from site identification to commercial operations'. The firm says its solutions play a crucial role in making data-driven decisions, optimizing development, and reducing costs, thereby accelerating investment in the sector.

Aegir, which was founded in 2020 by CEO Scott Urquhart and CCO Rikke Nørgaard, plans solutions for simulating price-competitive auctions, streamlined project and portfolio analysis, and broadening functionality to evaluate hybrid assets and system integration. Nørgaard (pictured) comments: 'Over the past three years, we've built a unique product offering, serving offshore wind developers, investors, and governments around the world. This is an important milestone in our journey - both for Aegir Insights as a company and for our clients - that will enable us to enhance our products and mission to accelerate offshore wind deployment'.

Web site: www.aegirinsights.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.