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Innovation of the WeekIoT EcosystemStartupsMay 20, 20220Innovation of the Week – May 20, 2022

by Brooke Bender




What it is: 

ANNEA offers a scalable and adaptable IoT platform that provides automated prescriptive and predictive maintenance information for machines.  The platform uses AI, physical modelling, and normal behavior modelling to create digital twins of each component of the machinery, which is used to provide an overview of the overall health status.  ANNEA was created to serve renewal energy sources like wind, solar, and hydro.   


The ANNEA Platform contains several modules that help optimize renewable energy operations and maintenance:  

  • Failure prediction: Notifications about future failures up to 12 months in advance.  Users can plan one-stop maintenance and reduce downtime of their machines. 
  • Energy Production Forecast: Provides estimates of energy production days ahead and helps users plan the future energy inputs to the grid in advance. 
  • Performance Optimization: Can detect the root cause of underperformance and provide recommendations for maximizing energy production. 
  • Image Recognition: Automizes the drone inspections of wind turbine plates and solar panels to enable automated discovery of cracks, dirt, ice and other damages. 



Who Made It? 

ANNEA was co-founded in 2019 by Steffen Rhode, Pau Martinon, Marcel Frenzel, and Maik Reder and is headquartered in Hamburg, Germany.  Reder serves as Chief Executive Officer & Managing Director.  He has 7+ years of experience in the wind industry and holds a PhD-degree in predictive maintenance for wind turbines. 

Funding status: 

The company raised €1M (~$1.06M) of venture funding in a deal led by Faber Ventures and Bernhard Schulte INNOPORT on May 18, 2022. Other undisclosed investors also participated in the round. The funds will be used to expand the team and further the mission to contribute to achieving net-zero. 

Why we like it: 

  • A predictive and prescriptive platform can help renewable energy providers plan any repair or replacement in advance which can help reduce downtime and costs 
  • Provides failure prediction up to a year in advance and can forecast future energy prediction 

Did you know?  

Renewables are set to account for almost 95% of the increase in global power capacity through 2026, with solar PV alone providing more than half.  The amount of renewable capacity added over the period of 2021 to 2026 is expected to be 50% higher than from 2015 to 2020. Source 


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