European Green Transition PLC (AIM:EGT) this week announced that it had increased its stake in Scottish condition monitoring technology provider Anemos Analytics from 52% to 79%, strengthening the company’s exposure to the growing predictive maintenance market within renewable energy.
Speaking to Proactive, via the studio, chief financial officer Jack Kelly said Anemos had already demonstrated strong commercial traction despite only beginning operations in April 2025. The business currently monitors 119 turbines, with a further 11 installations expected in the coming weeks.
Kelly described Anemos as a specialist in predictive maintenance for onshore wind turbines, using real-time monitoring and high-frequency sensor data to detect potential faults before they become critical failures. The technology tracks more than 100 operational variables through triaxial sensors installed across key turbine components. He explained that the system can identify early-stage issues affecting gearboxes, shafts and blades, helping operators avoid prolonged outages and costly emergency repairs. Kelly noted that planned maintenance programmes can significantly reduce downtime and protect turbine owners from material revenue losses associated with catastrophic failures.
The latest transaction follows EGT’s original acquisition of a 52% stake in February 2026 as part of the liquidation process involving Arena Capital Partners, which entered insolvency proceedings in September 2025. Kelly said EGT subsequently identified around £40,000 of short-term creditor obligations within Anemos and decided to provide additional working capital support as part of the agreement to increase its ownership position. He highlights that EGT sees “huge value” in Anemos and believes the technology complements the company’s broader wind energy services platform. He added that EGT intends to provide operational support, strategic oversight and business development assistance to help accelerate growth.
Here, we take a closer look at what was said when Jack Kelly joined the Proactive studio.
Proactive: Jack, very good to speak with you. You announced this morning EGT’s entered into an agreement which has increased EGT’s total interest in Anemos from 52% to 79%. Tell us a little more about Anemos Analytics and how it fits into the wider wind energy service business?
Jack Kelly: Hi Stephen, yeah good to chat and we're very excited about today's announcement about Anemos. Anemos is a Scottish based condition monitoring technology provider. So it's focused on predictive maintenance for onshore wind turbines. So as the current stock of onshore wind turbines across the UK and Europe age, Anemos really focuses on identifying some potential faults in these turbines.
So it has a 24/7 real time monitoring platform and it tracks high frequency sensor data. So we have a number of triaxial sensors placed across key areas of the turbine. And it provides high frequency sensor data into our platform and tracks over 100 variables. At this point, we're then looking to detect early some potential turbine component failures.
So think your gearbox, the main shaft and the blades and identify in a controlled manner if a replacement is required. And this is a really good proposition for wind turbine owners. If we can have a planned maintenance or replacement, it costs them less. And it enables them to not lose out on significant revenue if it can be done in a really controlled manner as opposed to a catastrophic failure.
And the turbine can end up not spinning for two, three, four months, which causes material loss in revenue and increased costs for the turbine owner.
Proactive: Can you tell us a little bit more about the transaction please?
Jack Kelly: We initially acquired a 52% interest in Anemos in February 2026 on a debt free, cash free basis as part of the liquidation of Arena Capital Partners. Arena entered insolvency proceedings in September 2025, about five months after Anemos had started trading.
Once we'd acquired Anemos, we realised that it had been undercapitalised during the insolvency and liquidation period, resulting in approximately £40,000 of short term creditor obligations within the business.
So EGT sees huge value in Anemos and what it can bring to the wider group. We've put together a package which involves a short term working capital facility of about £40,000 to increase our equity holding in Anemos to 79%, and then really to work with the two founders, Graham Martin and Simone Lorenzi, over the months and years ahead to scale the business quite significantly.
Proactive: With EGT’s stake now at 79%, what is the future outlook for Anemos and why should investors be excited?
Jack Kelly: Anemos fits really well into our existing wind energy services platform and what EGT is looking to do. The wider group is providing Anemos with additional operational structures, business development support and strategic oversight to help grow the business.
It's a very small team at the moment. There's four of them based in Scotland, and they've had really good commercial traction in their first 12 months of trading.
They're installed and operational across 119 turbines to date. They've been trading since April 2025, so only 13 months. They have another 11 turbines that they're contracted to install on in the next few weeks.
A typical contract for them is very attractive — a five year contract — so it provides sticky recurring revenue, which is really good for the EGT team.
In terms of where we think we can bring Anemos over the next number of months and years, there's a huge opportunity across the onshore wind turbine market in the UK and Europe. As we mentioned, a number of these turbine fleets are aging and Anemos condition monitoring software can be really beneficial to asset owners as they potentially upgrade their turbines.
We also see huge opportunity beyond onshore wind with Anemos. We're really working with the two co-founders, Simone and Graham, to look beyond just onshore wind.
We see huge opportunity in shipping, hydro and larger wind turbine manufacturers. So there's a huge host of areas we can take Anemos, and we're really excited for what's to come over the next few months and years ahead.
Proactive: I hope you'll keep us updated with progress on that.