VayuAI Corp. and Cycle Development, LLC enter into Agreement to Lead Repowering of US Wind Farms
- May 17, 2021 1:57 pm GMTMay 17, 2021 5:23 pm GMT
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"Leveraging the respective strengths of the Cycle team and Vayu this joint venture creates a first-of-its-kind, repowering partnership," said
"This combination of VayuAI's advanced software and optimization solutions with Cycle's hardware deployment experience opens the door for wind farms to immediately increase annual energy production, preserve production tax credits, extend life, reduce operations and maintenance costs, and optimize energy and capacity. Customers will be able to carefully manage plans to extend production tax credits while moving more intelligently into a flexible approach to valuable assets based on careful planning and informed decision making to balance capital costs, benefits and timing to maximum wind farm advantage," said
The US repowering market continues to grow, estimated at
VayuAI is a cloud computing optimization service that can significantly increase wind farm energy production. Vayu applies machine learning and physics-based algorithms against unpredictable wind data, locally and globally, to identify cooperative action among multiple wind turbines, diminishing risk from turbulence while increasing power production. Learn more at http://www.vayuai.com.