In the past, due diligence was often considered irrelevant as wind turbines were smaller in both scale and power. Now, with huge blades and high-power turbines, each minute of downtime is hugely significant and, if major repair work is needed, such as a rampant leading edge erosion or repairing a full set of Category 3 and 4 damages, the costs can soon drastically add-up. 

As such, when it comes to buying or selling a wind farm, all assets must be thoroughly checked to avoid any unfortunate surprises with regard to their status or condition. Having an independent blade inspection to validate the health of the blades is crucial to all parties involved. 

A blade inspection by Perceptual Robotics includes a full and detailed report with high-quality images as standard. The real-time state of the blades will be shown and should damage be discovered, appropriate measures can be decided, budgeted and taken into account in the Purchase Agreement.

It is not just purchasing an asset which requires such due diligence. When the end of warranty is reached, you will need to make sure the existing company has fulfilled all its obligations with regards to blade repair. A blade inspection report can support you in making an informed decision. 

Reaching the end of your warranty is also a great opportunity to rethink how you want your inspections to be made and reported on in the future. We suggest setting up guidelines and clear responsibilities in the contracts to help you better manage and optimise your costs. Having the raw data in your control, regardless of who performed the inspection and past or future changes of the subcontractor will also provide a piece of valuable information on your asset you can use when optimising future O&M contracts or designing business plans.

Did you know inspections can help you lower your insurance costs too? By providing access to inspections, and submitting a plan for inspection campaigns to your insurers, they will be able to assess and quantify risks and may even lower your premiums.  You will also be able to predict which events may trigger an insurance compensation in an easier way by relating to previous or post-incident inspections.  In the future, as they start perceiving its full potential, we will see more and more compulsory blade inspections required both by insurers and lenders in project finance.

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Perceptual Robotics uses drones, advanced robotics and Machine Learning to provide fully autonomous inspections of infrastructure, starting with wind turbines. These inspections identify and analyse defects with greater consistency, greater reliability and reduced costs when compared to current methods. The company has been developing their hardware and software capabilities since 2016 when it was founded at the Bristol Robotics Laboratory, while today it also operates from its Athens office. Perceptual Robotics are now carrying out autonomous inspections for some of the largest wind turbine operators in the world.

Chris Smith, CEO at TSP Ventures said, «we are delighted to be joining the team at Perceptual Robotics. Their mission, to reduce costs and improve efficiencies in the wind turbine inspection market, is helping the whole of the wind industry become more efficient and cost effective. At TSP, we love enabling technologies that can help accelerate the transition to renewable energy and a cleaner future for our planet. We look forward to supporting Kostas and the rest of the team as they scale operations internationally.»

Kostas Karachalios, CEO of Perceptual Robotics said, «we are delighted to have raised our latest round, led by TSP Ventures. We have had growing revenues and this new funding will allow us to increase headcount, continue to mature our groundbreaking technology and drive the scale of our sales and marketing activities on the back of our recent successful programmes with clients across Europe. We are fortunate to have been supported in our early funding rounds by Metavallon and with the addition of TSP, Humble Ventures and Angels with deep sector knowledge, we feel we have a very strong investor-base who complement each other well. We are growing our team with system engineers and sales engineers and are looking for exceptional people to join us in Athens and Bristol. We are in a good position to provide excellent services to our clients and new automations for the wind and other industries. The future is both bright and exciting».

About TSP Ventures
TSP Ventures is an early-stage venture firm focusing on climate and environmental technologies. For more information, visit www.tspventures.co.uk

About Perceptual Robotics
Perceptual Robotics is developing drones and computer vision algorithms for the autonomous detection and analysis of faults on large infrastructure. Their first product Dhalion, is an industry leading autonomous drone for wind turbine inspection. Dhalion brings full end to end inspection capabilities to the market, from data acquisition to defect identification. For more information about Perceptual Robotics, visit www.perceptual-robotics.com

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