Second Wind Receives $4M from Good Energies

Second Wind Inc., a provider of electronics and software for the utility-scale wind energy industry, today announced that it secured $4 million in second round financing from Good Energies, a leading global investor in the renewable energy and energy efficiency industry. The investment is complementing a previous round of equity funding from earlier this year. 

 

“We are pleased to announce this major financing round with a premier investor like Good Energies.  This is a tribute to the technology innovations created by our in-house hardware and software engineering talent,” said Second Wind President Walter Sass. “This second round of financing will support us in continuing our launch and rollout of our Triton sonic wind profiler. The investment from Good Energies will help us accelerate our company’s growth in the years ahead and continue to develop groundbreaking products.” 

  

Headquartered in Somerville, Massachusetts, Second Wind has a sales force in North America along with dealers in Europe and Asia. The company says its innovative TritonTM Sonic Wind Profiler reinvents sodar technology for wind assessment by capturing accurate wind data up to 200 meters, in any weather, at any location, without being attended or requiring any expert analysis. 

 

“Second Wind’s technology innovation is exactly what helps fulfill Good Energies’ goal of bringing renewable energy to everyone,” said Jean-Louis Brenninkmeyer, a managing director of Good Energies.  “Second Wind’s mission to advance the use of wind data to make wind energy profitable is a perfect fit with our own goal of contributing to the transition to a low carbon, clean energy economy globally.” 

 

 

About Second Wind Systems  

Second Wind offers hardware for the wind energy industry. Key products include: Nomad® data logger and tower systems; TritonTM sodar systems; SkyServeTM satellite wind data service; Advanced Distributed Monitoring System and Enterprise Management System software for wind farm monitoring/SCADA; and Phaser® power transducers. 

 

About Good Energies 

Good Energies (www.goodenergies.com) is a leading global investor in the renewable energy and energy efficiency industry focusing on investments in solar energy, wind energy, green buildings, and load management. As a member of COFRA Group, a privately owned group of companies, Good Energies is looking for meaningful investments with outstanding growth potential. The company is guided by the 3-P-principle (3-Ps): people-planet-profit. Being an investment firm it seeks to help drive the transition to a low carbon, clean energy economy globally, including bringing affordable renewable energy to the developing world. Good Energies operates globally with offices in London, New York, Toronto, Washington, and Zug. The current market capitalization of its portfolio is more than five billion Euros (seven billion US dollars).