Kinewell raises £1M for offshore wind optimisation software
What's the deal? Kinewell EnergyDealroom has a profile for this one. Try Dealroom →, a Newcastle, UK-based provider of offshore wind optimisation software, has raised over £1 million (≈$1,345,924). The backers were not disclosed.
What's the endgame? Led by founder and chief executive officer Dr Andrew Jenkins, Kinewell delivers software tools, consultancy, and bespoke solutions to help clients cut costs and de-risk projects. Its technologies, originally built for offshore wind, span the asset lifecycle — from inter-array cable layout, turbine placement, and transmission design to construction and operations planning.
Where's the money going? Kinewell plans to expand its technical team to speed up product development, build its commercial team, and support office expansion and job creation.
Who's using it? Clients include SSE RenewablesDealroom has a profile for this one. Try Dealroom →, Equinor, ParkwindDealroom has a profile for this one. Try Dealroom →, and Xodus.
The signal: Software that squeezes cost and risk out of complex offshore wind projects is drawing investor interest as developers push to make the sector more economic. Kinewell's blue-chip client roster signals demand for tools that optimise projects across their full lifecycle.
Read more: finsmes.com
Image credit: Chris
