University of Edinburgh start-up REOptimize Systems, has completed a seed funding round to accelerate the commercialisation of its ground-breaking wind turbine improvement technology. Enhanced by proprietary Artificial Intelligence (AI) technology, this breakthrough innovation will maximise energy production on commercial wind turbines.
REOptimize has concluded a GBP300,000 equity seed funding made by a group of investors including Ian Marchant, the former CEO of the utility giant SSE and Johnnie Andringa, a serial entrepreneur in wind energy and other renewable energy technologies.
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.
Read more at Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.