WindWISDEM Corp., a Ystrategies Corp. portfolio company and cloud computing software service provider that optimizes wind farm performance, announced that it is launching a software-based repowering service. The new service is designed for wind farms looking to extend production tax credits (PTC) for an additional 10 years.
WindWISDEM’s repowering technology delivers increased revenue from energy production efficiencies for existing turbines, meeting IRS PTC requirements at a fraction of the cost of purchasing expensive hardware to extend PTCs.
“WindWISDEM software has redefined how wind-farm operators can repower,” said Neil Cohen, Vice President of Marketing of WindWISDEM. “Our innovative technology creates significant increases in energy output and improved overall turbine efficiency and lifespan without having to replace existing turbines unnecessarily.”
According to Cohen, the new service reduces cost burdens on repowering wind farms that were forced to consider replacing working production equipment to achieve the necessary improvement thresholds required to extend PTCs, an inefficient, expensive and often unnecessary process.
“By leveraging existing infrastructure with intelligent software, operators will be able to quickly and inexpensively repower,” he added. “It is critical to do this now, given the reduction in wind energy prices and pending expiration of the production tax credit in December of 2019. Securing an additional 10 years of PTCs at comparatively minimal cost is the common-sense approach.”