Glacier Energy has invested in Ilosta, a leading provider of digital AI monitoring software, Crack MapTM.
The investment marks the beginning of a commercial agreement between Glacier Energy and Ilosta, enabling best-in-class data collection, analysis and reporting incorporating advanced 3D modelling.
Ilosta, headquartered in Glasgow, has developed Crack MapTM, a market-leading technology that uses a physics-based AI algorithm to improve the reliability and increase the lifespan of structures such as wind turbines. Glacier Energy has been working with Ilosta for a number of years and is now offering Crack MapTM
as part of its wind services offering.
Glacier Energy’s investment in Ilosta forms part of a funding round alongside existing investors, supporting the commercialisation of the software, the go-to-market strategy, and the development of the software for additional applications. The development of the Crack MapTM technology will assist in meeting the market’s increasing demand for condition-based monitoring, especially as the wind market matures and assets begin to age.
Paul Johnston, inspection services business unit director, said: “I am delighted that Glacier Energy has invested in Ilosta, enhancing our ability to provide innovative solutions for our clients. Entering into commercial agreements with technology companies like Ilosta is a key differentiator as we look to drive business growth.”
Saber Khayatzadeh, founder at Ilosta, added: "We are excited to enter a commercial agreement with Glacier Energy, a leader in energy services. This collaboration marks a significant step toward revolutionising asset management in renewable energy and beyond.
"By integrating our Crack Map™ technology, we aim to enhance the performance and lifespan of wind turbines and other critical engineering structures, delivering advanced insights that boost efficiency and maximise returns for end users. Together, we are driving innovation and sustainability forward."