Equinor has exited wind power technology provider Fos4X in an acquisition by PolyTech that followed at least $12.5m in venture funding.
Wind turbine equipment maker PolyTech acquired Fos4X, a Germany-based developer of wind farm optimisation technology, for an undisclosed sum on Wednesday, allowing power producer Equinor to exit.
Spun out of TU Munich (TUM) in 2010, Fos4X markets internet-connected sensors that can be fixed to wind turbines to evaluate their aerodynamic profile, providing data that can be analysed by its software to help optimise turbine performance.
The technology will help PolyTech add digital and data analysis tools to its wind turbine…
