Reoptimize Systems, a spin-out company from the University of Edinburgh, is aiming to raise £1 million in investment to support the growth of its innovative wind energy solutions. The company claims to be revolutionizing wind turbine efficiency with groundbreaking technology that increases energy production without requiring hardware modifications.
The company’s data-driven software optimizes turbine performance, delivering an average 2.3% increase in energy output, according to Reoptimize Systems. This boost in efficiency is seen as a significant opportunity, with the company estimating a global recurring revenue potential of £1.5 billion.
Reoptimize Systems was co-founded by CEO Juan Pablo Echenique and Chief Product Officer Richard Crozier, with the recent appointment of RES co-founder Mike Anderson as board chair. Anderson expressed confidence in the company’s impact, stating, “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.”
The global wind turbine market, with over 400,000 turbines currently in operation and growing at a rate of 8-10% per year, presents a significant opportunity for Reoptimize Systems. The company is currently running six pilot projects across five countries, all of which have shown consistent improvements in turbine efficiency.
The technology works by fine-tuning turbine power curves, reducing downtime, minimizing mechanical stress, and extending the operational lifespan of turbines. These adjustments can be made remotely, eliminating the need for on-site interventions.
Reoptimize Systems highlighted that while modern turbines should convert up to 42% of wind energy into electricity, current actual conversion rates are often below 35%. By using existing data to model turbine performance and adjust control settings, the company claims it can close this 7% gap, resulting in increased energy production.
Crozier emphasized the financial potential, saying, “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.
