Reoptimize Systems Raises Seed Funding and Proves AI Technology on Commercial Wind Turbines
Reoptimize Systems has secured major new investment to accelerate the commercialisation of their ground-breaking wind turbine improvement technology.
The Edinburgh start-up closed £189,000 equity seed funding in Jan 2023 to begin commercialisation of their AI technology which boosts wind turbine energy production.
This funding round has been made by a group of investors including Ian Marchant, the former CEO of the utility SSE and Johnnie Andringa, a serial entrepreneur with deep experience of renewable energy.
Commercial Wind Turbine Deployment
Reoptimize Systems have recently deployed their technology in several commercial projects, achieving an increase in annual energy production in excess of 6% in two medium scale wind turbines and promising initial results in utility scale turbines.
The medium scale turbines were modern 60kW and 100kW direct-drive models located in Italy and in the UK, and, in addition to an improved energy production, Reoptimize also achieved significant reductions in vibrations, and in unplanned shutdowns.
"With our technology we can make a huge difference to turbine owners’ bottom line, and ultimately have a really significant impact on climate change"
— Richard Crozier, Managing Director
Siemens Pilot Project
The company is now engaged in a pilot project on a Siemens 2.3 MW turbine in Germany, with promising initial results, which it plans to roll out to the fleet of turbines later this year.
The Reoptimize software uses a combination of AI and expert modelling techniques to analyse huge amounts of high resolution turbine performance data. The technology then finds new settings for the wind turbine controller which boosts the energy production without increasing loads or other negative effects in the turbine. This is achieved with no hardware or software modifications to the turbines, instead only making finely tuned changes to the existing controller settings.
Commenting on the projects Reoptimize Systems Managing Director Richard Crozier says:
"This is an exciting time for the company as we transition from a heavy R&D focus, to launching our product in the market.
Our successful medium scale wind projects have proven that our patented loss-minimisation technology works for our customers. The pilot project on the Siemens 2.3 MW turbine is demonstrating it also works for multi MW turbines and utility scale customers.
With our technology we can make a huge difference to turbine owners’ bottom line, and ultimately have a really significant impact on climate change."