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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)

www.utopusinsights.com

References

Utopus Insights, Inc


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