Due to the inherent unpredictability of atmospheric wind conditions, wind turbines do not always operate at their maximum energy output capacity. The competitive pressures to maximize energy production while satisfying the increasing demand for renewable energy require higher energy production from turbines.These forces have led to the trend of building taller wind turbines with larger sizes of blades. At the same time, there is also a need to ensure that the cost of materials is still economical for operators. The problem with a taller wind turbine with thinner turbine blades is that it will expose the turbines to increased mechanical loads that cause fatigue leading to drivetrain issues and cracks in the turbine blades. Over time, the fatigue and cracks can lead to higher maintenance costs, a shortened turbine lifetime, and a loss of power output as the turbine requires downtime during repairs.
The core value of our solution is to provide wind turbine operators with an effective way to reduce the maintenance cost of turbines while maximizing energy production. These maintenance costs can be significant, with refurbishment costs that can be 15%-20% of the original price of the turbine. Furthermore, the turbine's lifetime can be as short as 15 years compared to the 25 year life time that the industry uses as a guideline for how long wind farms should operate for, with turbines costing well over 2 million USD each. Due to the unique requirements of offshore wind farms, they are the ideal target market for our solution. Offshore wind farms are an emerging segment of the wind industry with numerous advantages compared to their onshore counterparts. One of the advantages of offshore wind farms is that wind speeds above water bodies tend to be faster than on land. The higher wind speeds are a significant advantage because a small increase in wind speed leads to a large increase in energy production.
Innowind offers low-cost and non-invasive active flow control devices meticulously crafted to diminish loading on wind turbines, thereby elevating Annual Energy Production (AEP) and extending the overall lifespan of wind turbines. By conducting comprehensive market research, we gain valuable insights into the needs and preferences of our target audience, ensuring that our solutions align with market demands. This holistic approach enables us to develop groundbreaking wind energy technologies that not only maximize energy generation but also address environmental concerns and optimize cost-efficiency. With a firm commitment to pushing the limits of innovation and a deep understanding of market dynamics, we are proud to lead the way in providing cutting-edge, renewable solutions that drive the transition towards a cleaner and more sustainable future.