Yellow&Blue et al. back Romo Wind

Following the venture capital investment, Romo Wind will develop its technology further and aim to expand on the global wind technology market.

The VCs stated they were impressed with the company's ability to measure the wind hitting a wind turbine, including its speed and direction.

Company
Romo Wind is a wind farm optimisation company that has developed iSpin, a spinner anemometer wind sensor technology designed to measure the wind hitting wind turbines.

Romo notably focuses on optimising power generation by technically adjusting wind turbine rotors. The company has contracts with large utility wind farm owners, who jointly own around 18 GW of wind farm installed capacity.

The business was founded in 2011 by Poul Anker Lübker, Jan Nikolaisen and Søren Mouritsen. It had revenues of €400,000 in 2012 with significant growth expected for 2013, the company said. Romo Wind's headquarters are in Zug with further offices in Denmark, Spain and Germany. The total number of employees is 21.

People
The investment team comprised b-to-v partner Christian Schütz, ABB president Girish Nadkarni and Yellow&Blue managing director Albert Fischer.

Advisers
Company – Vischer (Legal).

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