Shoreline Wind, the wind energy leader in design simulation, construction and O&M solutions, announced it has appointed David Tuohy as Chief Operating Officer.
This latest move strengthens the company’s leadership team, bringing into the fold an experienced executive with a proven international track record in scaling energy software platforms.
The move also capitalizes on what the company sees as positive policy developments in key markets regarding wind energy, including the U.S. In January, the U.S. Department of the Interior announced it will reform its regulations for the development of wind energy facilities on the country’s outer continental shelf, in order to meet key climate goals. With 30 years of relevant international experience, Tuohy has spent the last 15 years leading private equity backed climate technology companies, both at C-level and in board roles.
He has worked with technologies from solar PV and power electronics for grid integration of wind power to SaaS solutions for energy efficiency and demand response management. He is also a non-executive director of publicly listed Climate Transition Capital. Tuohy has an engineering background and studied at University College Dublin, INSEAD and the UCLA Anderson School of Management. “Shoreline makes a real contribution to carbon reduction goals by enabling faster and cheaper deployment of wind energy at a global scale,” said Tuohy. “With its market-leading SaaS offering, Shoreline is well on its way to become the industry standard for project design, construction, and O&M for wind energy. This company can make a real difference. I am really excited to be part of the team.”
Since 2014, Shoreline has been developing and deploying cutting edge SaaS solutions that deliver the essential, data-driven insights wind farm developers, operators, OEMs, contractors and consultants need to make wind energy more cost-efficient throughout the entire wind farm lifecycle. Last year Shoreline secured additional funding from U.S.-based Ecosystem Integrity Fund (EIF) and Nordic investor Ferd Capital. Existing investor Blue Bear Capital also participated in the round. The funds are being used to drive Shoreline’s growth in the U.S. and APAC, and to expand the company’s feature set for lifecycle asset optimization. Since closing the investment, Shoreline has increased staffing two-fold with hires in Norway, Denmark, Germany, Sweden and most recently in the Netherlands.
“Right now, Shoreline is perfectly positioned to realize exponential growth in lockstep with the growing global demand for wind energy,” said Ole-Erik Vestøl Endrerud, CEO and founder of Shoreline. “We have proven to our customers that our patented technology can drive down construction and O&M costs. The next phase is all about scaling the business and execution capabilities.” Ambitious wind energy installation and energy production goals are being announced globally with planned installations in APAC and the U.S. leading the trend. Wind farm developers and operators are increasingly reliant on smart simulation solutions to virtually plan and optimize construction and operation, and subsequently deploy and manage the assets using digital solutions. This is key to maximize return on investment in what is an increasingly cost-competitive market.
Shoreline provides solutions to major global players such as Siemens Gamesa, Ørsted, Equinor, Ocean Winds and Vattenfall, with more local players also adopting Shoreline’s solutions. Whether acting global or local, Shoreline is committed to ensuring its platform and people deliver what these customers need to achieve their goals.
“David has worked for multiple clean energy tech scale-ups and he is really passionate about the energy transition. There are not many people around who have worked for big energy companies and a leading energy SaaS unicorn. The investors are thrilled to have him join the leadership team to help Shoreline realize its full growth potential,” said Geoff Eisenberg, partner at EIF.
Shoreline provides enterprise solutions for the wind industry using intelligent data integration and simulation software to optimize and execute wind farm construction, asset management and business cases, and their solutions are deployed globally with the world’s largest energy companies, OEMs and service companies. Shoreline Wind’s solutions are cloud-based, distributed on Software as a Service terms and available to customers on subscription basis, along with an appropriate training and support package.
More info: https://shoreline.no/