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Utopus Insights, Inc.

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Utopus Insights, Inc.
Private
ISIN🆔
IndustryRenewable Energy Software
Founded 📆2017
Founder 👔
Headquarters 🏙️, ,
United States
Area served 🗺️
Key people
Chandu Visweswariah (CEO)

Kevin Warren (COO)

Magne Borgund (CGO)
Members
Number of employees
🌐 Websitewww.utopusinsights.com
📇 Address
📞 telephone

Utopus Insights, launched in 2017.[1], is a data-driven software company that develops energy analytics products for the renewable energy industry to optimize their financial interests[2] and increase certainty from intermittent renewable sources. It is headquartered in New York, with development centers in Bengaluru[3] and Budapest[4] and a global sales presence.

Utopus Insights is an independent, wholly-owned subsidiary of Vestas[5], a leading Denmark[6] based wind turbine manufacturer[7]

History

Utopus Insights spun out of IBM[8] Research and the team involved with its Smarter Energy Research Institute[9][10] in 2017. The team specializes in data science, digital analytics, power engineering, energy software development and meteorology/weather forecasting. Utopus Insights has over 100 patents[11][12] to its credit.

Acquisition

Vestas acquired Utopus Insights for $100 million[13] in 2018[14], to expand its service offering to its customers in the wind turbine data analytics space and to drive digital transformation.

Software Products

Utopus Insights product portfolio[15] offers broad digital analytics coverage: portfolio-wide visualization and performance monitoring and analytics; 5-minute to 14-day ahead power forecasting[16] to optimize asset maintenance activities. The product leverages advanced data science[17], machine learning and artificial intelligence to unlock insights from vast amounts of real-time asset data.


Platform and Products
ScipherTM[18] - Secure and scalable energy analytics platform that processes vast amounts of renewable energy asset data
Scipher.Vx - Data visualization product for wind turbine and solar PV assets[19]
Scipher.Vx+ - Advanced data analytics product for proactive renewable energy asset monitoring and insights
Scipher.Fx - Wind and solar PV power forecasting product

Executive Leadership

Chandu Visweswariah[20], Founding President and CEO [21]
Magne Borgund, Chief Growth Officer
Kevin Warren, Chief Operating Officer
Christian Venderby, Executive Vice President, Service, Vestas and Chairman, Board of Directors, Utopus Insights

See also

References

  1. "VELCO, IBM Announce the Creation of Utopus Insights for next generation of intelligent energy solutions". Saur Energy International. 25 February 2017. Unknown parameter |url-status= ignored (help)
  2. "Vestas and Utopus Insights demonstrate cost-saving success of their open market five-minute self-forecasting pilot". PV Magazine. 24 September 2020. Unknown parameter |url-status= ignored (help)
  3. "Utopus Insights Bengaluru Office". Unknown parameter |url-status= ignored (help)
  4. "Utopus Insights Budapest Office". Utopus Insights Contact Page. Unknown parameter |url-status= ignored (help)
  5. "Vestas Digital Solutions". Vestas. Unknown parameter |url-status= ignored (help)
  6. "Vestas Headquarters". Unknown parameter |url-status= ignored (help)
  7. "Vestas hits 100GW of wind turbines under service". Windpower Monthly. 6 August 2020. Unknown parameter |url-status= ignored (help)
  8. "VELCO and IBM Research Announce the Creation of Utopus Insights". IBM. 24 February 2017. Unknown parameter |url-status= ignored (help)
  9. "IBM-Spinoff Utopus Insights is the Latest Power Player". Westchester Magazine. 1 August 2017. Unknown parameter |url-status= ignored (help)
  10. "Smarter Energy Research Institute(SERI)". IBM Programs. Unknown parameter |url-status= ignored (help)
  11. "Utopus Insights Patents". Vestas. Unknown parameter |url-status= ignored (help)
  12. "Utopus Insights Patents". JUSTIA Patents. Unknown parameter |url-status= ignored (help)
  13. "Vestas To Acquire Utopus Insights For An Acquisition Price Of About $100 Million". Reuters. 2 February 2017. Unknown parameter |url-status= ignored (help)
  14. "Vestas acquires US energy analysts Utopus Insights". Wind Power Monthly. 5 February 2018. Unknown parameter |url-status= ignored (help)
  15. "Scipher, Energy Analytics Platform for Wind and Solar". Solar Novus. 8 April 2019. Unknown parameter |url-status= ignored (help)
  16. "Vestas and Utopus Insights to pilot energy forecasting solutions in Australia". WindTech International. 18 March 2019. Unknown parameter |url-status= ignored (help)
  17. "How Apple tech is used in the renewable energy industry". 30 October 2020. Unknown parameter |url-status= ignored (help)
  18. "Utopus Insights launches Scipher asset management platform for renewables". Solar Power World. Unknown parameter |url-status= ignored (help)
  19. "Scipher, Energy Analytics Platform for Wind and Solar". Solar Novus Today. 8 April 2019. Unknown parameter |url-status= ignored (help)
  20. "How did CEO Chandu Visweswariah take Utopus Insights from clean energy startup to $100M acquisition in 12 months?". Freeing Energy. 2 February 2019. Unknown parameter |url-status= ignored (help)
  21. "How did CEO Chandu Visweswariah take Utopus Insights from clean energy startup to $100M acquisition in 12 months?". The Freeing Energy Project. 12 February 2018. Unknown parameter |url-status= ignored (help)

External links

www.utopusinsights.com

References

Utopus Insights, Inc


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