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International expansion and ambitious revenue targets
AQTech, a renowned Brazilian predictive technology company in the energy sector, is accelerating its internationalization towards Europe and Asia, with the aim of more than doubling its revenue in the next four years. With an already established presence of more than 12GW of monitored installed power, the Florianópolis (SC) company plans to increase its annual revenue from R$40 million to an impressive R$100 million by 2027. This significant leap is the result of the expansion of its business international, which is expected to represent 30% of the company's revenues by 2027.
Growth strategy and international partnerships
AQTech has established an operational base in Porto, Portugal, as part of its Eurasian expansion strategy. The choice of Portugal was due to its strategic position and cultural and linguistic similarities with Brazil. Thiago Kleis, Global Sales Executive at AQTech, highlights the importance of already consolidated partnerships in countries such as Portugal, France, Spain, Indonesia, Philippines and Vietnam. The company already has eight existing partners in Latin America and seven between Europe and Asia, in addition to advanced prospecting in Italy, India, Switzerland and Norway.
First Asian contract and focus on hydropower
An important milestone in AQTech's international trajectory was the signing of its first contract in Asia, to supply power generation monitoring equipment for the Tanggari 2 Hydroelectric Power Plant in Indonesia. In addition to the Asian market, the company also focuses on hydroelectric plants in Europe, aiming to take advantage of the continent's growing investment in green energy and its goal of zero CO2 emissions by 2050.
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Exponential growth and technological innovation
Since its founding, AQTech has demonstrated exponential growth, specializing in the development of innovative products for asset monitoring in the hydroelectric and wind energy sectors. With constant investment in research and development, the company increased its revenue from R$1,5 million in 2016 to R$40 million in 2023, a growth of almost 30 times. Sylvio Ramos Filho, CEO of AQTech, attributes this success to continuous innovation and the integration of technologies such as Machine Learning, IIoT and Big Data into its products.
Commitment to generating renewable and reliable energy
AQTech has significantly contributed to more reliable power generation by combining hardware and software to monitor and predict the need for predictive maintenance of hydraulic generators and wind turbines. The company's success in the market is due to offering innovative solutions for the 'hydro' and 'wind energy' segments, helping to mitigate failures and interruptions in power generation plants.
With these strategies and initiatives, AQTech is not only consolidating itself in the national and international market but also reaffirming its role as a global leader in energy monitoring solutions, promoting a more sustainable and efficient future in renewable energy.
Source: Luan Martendal.
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