(Alliance News) - Terna Forward, a Terna Spa group company dedicated to technological innovation and corporate venture capital initiatives, and DXT Commodities SA, a Duferco group company, announced Friday the completion of a EUR2.8 million investment round through a joint capital increase in Wesii, a market-leading Italian company in inspection and remote sensing services in the renewable energy sector.

Traditional inspection practices of photovoltaic, wind power or power line installations, in fact, involve ground inspections that can be time-consuming and have a significant impact on costs. Wesii has focused, since its founding, on the use of drones and aircraft, equipped with high-definition and thermal infrared cameras, for thermographic analysis of renewable plants and electrical infrastructure, thus ensuring a high level of accuracy of analysis such that any anomalies are identified and geolocated.

The data collected by the startup is cataloged, standardized and analyzed with the support of artificial intelligence algorithms and a proprietary platform in order to further improve predictive maintenance and asset monitoring.

The one in Wesii is the first direct investment in an innovative SME by Terna Forward, the Terna Group company led by Giuseppina Di Foggia, which was created to identify and support, with an open innovation approach, the most promising realities with the most impactful technologies to accelerate the energy transition, including through corporate venture capital investments.

Terna's stock is down 0.1 percent at EUR7.47 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.