Arkion delivers asset analytics through AI-powered asset intelligence for power grids, aiming to prepare for an electrified future.

Arkion

Our vision is to help create a global power grid fit for a net-zero future, by enabling electric utilities to build a more resilient and sustainable grid by enabling power grids to move to condition-based assessments of their assets, empowering a cost-efficient and risk-minimizing approach to power grid management.

Arkion offers an AI-powered software solution that transforms inspection data—including images, thermal, and lidar—into precise insights on the condition and health of power grids ranging from low to high voltage. Our platform streamlines access to this data and insights, tailored specifically to the demands of the power grid industry.

Trusted by the world’s largest and most forward-looking power grid companies, Arkion is transforming the way we can care for our power grids to build a grid fit for a net-zero future.

Arkion (formerly Skyqraft)

We’re excited to announce that Arkion has secured €4M in funding! 

This strategic investment, led by Subvenio Invest with participation from Neptunia Invest and Antler, will support our growth and innovation in AI-powered asset analytics for power grids. With this funding, we aim to enhance our product quality and service range, expand our market presence, and increase our technical scalability.

Our recent milestones, including tripling our revenue and achieving over 80% AI coverage of faults in distribution grids, highlight our potential to transform the infrastructure inspection industry. We’re committed to building resilient, sustainable grid infrastructure for a net-zero future.

Thank you to our investors for their support and belief in our vision. Together, we’re transforming the way we care for our power grids.

#AI #PowerGrids #Sustainability #Innovation #FundingNews #Arkion

Last week, our CEO, Louise Gauffin, had the pleasure of attending the tech delegation to Canada, hosted by Techarenan, Business Sweden, AI Sweden, and Embassy of Sweden in Canada alongside a host of fantastic Swedish tech companies. 

Throughout the week, we met with partners, industry stakeholders, and public representatives to discuss the potential for AI solutions to prepare the power grid for a net-zero future, where energy is reliable, affordable, and sustainable. Canada is positioning itself at the forefront of these questions, and we are thrilled to have a role to play alongside our compatriot tech companies also part of this delegation.

Europe will need to invest a daunting €800bn by 2030 in its energy infrastructure alone to meet climate goals and keep its industry competitive, a new report has found. 

Finance is emerging as the core question in Brussels over the energy transition.

Financial Times article linked in comments.

In 2023, the planet experienced the hottest year since record keeping began. The European Climate Change Service, Copernicus, reported that May 2024 marked 12 consecutive months of record-breaking temperatures globally. While the grid largely held up after the hot summer of 2023, the increased global temperatures and a growing number of extreme weather events mean that stability is far from guaranteed.  

Last month, a heatwave in the northeastern US caused a power grid to declare an emergency. A surge in air conditioning use can lead to rolling blackouts and outages, but air conditioning saves lives—in many places, it’s a necessity, not a luxury.  

Power grids are under pressure to deliver consistent, affordable electricity, under conditions the grids weren’t built for, and often with aging, insufficient assets. 

The first step to improving resilience is to understand how to assess, manage, and address risks. This means both the short-term risks caused by downed trees and broken components, and being able to assess wear and corrosion to prioritize upgrades and investments. 

Arkion helps grid owners get reliable data on asset conditions to help manage risk, mitigate issues, and create a more resilient grid for years to come. 

#energytransition #energy #climatechange

Thanks for the feature, the Swedish Chamber of Commerce for the UK! Our CEO, Louise Gauffin, was recently interviewed about our recent entry into the UK market for their Link magazine.

Read more on the future state of the UK power grid and AI's role in the energy transition below:

Are you looking for a new challenge in 2024? Our tech team is growing and we're looking for talented engineers to help our mission to enable the energy shift.

Currently, we're looking for Full Stack Engineers and Computer Vision Engineers. Apply below or on our website.

CO:ARKION

Arkion