A spin-out business from the University of Edinburgh is seeking £1m from investors to help it grow as it develops innovative solutions for global wind farms.
The business, Reoptimize Systems, says it is transforming wind energy efficiency with groundbreaking technology.
By optimising wind turbine performance through data-driven software adjustments, Reoptimize Systems says it can deliver an average 2.3% increase in energy production without requiring hardware changes.
This efficiency boost translates into a recurring revenue opportunity worth £1.5bn globally, the company said.
Reoptimize Systems was co-founded by chief executive officer Juan Pablo Echenique and chief product officer Richard Crozier (pictured left, with wind engineer Luca Gajoni).
The business recently appointed RES co-founder Mike Anderson as board chair, who said: “I’m thrilled to join Reoptimize Systems at this pivotal moment.
“Our technology enhances turbine efficiency, contributing significantly to the renewable energy transition.
“The potential for global impact is immense, making this an exciting opportunity for both the industry and investors.”
With over 400,000 wind turbines worldwide and an industry growing at 8-10% per year, Reoptimize Systems believes there is a vast potential market for its solutions.
Currently, the business operates six pilot projects across five countries, which it says consistently demonstrate increased turbine efficiency.
The technology fine-tunes turbine power curves, reducing downtime, minimising mechanical stress, and extending operational lifespan, the company said. All optimisations can be executed remotely, eliminating the need for on-site interventions.
Reoptimize Systems says a modern turbine should be able to convert 42% of the wind’s energy into electricity, yet actual conversion rates are below 35%.
The business bridges this 7% gap by collecting existing data, modelling turbine performance and adjusting control settings.
Technology has already demonstrated a 2.3% increase in energy production with no physical modifications, according to the business.
Crozier said: “The bottom line is clear: Global wind energy capacity is growing by 8-10% annually, and the recurring revenue opportunity from optimising 400,000 turbines at 2.3% efficiency improvement equals £1.5 billion.”