Windar Photonics PLC - Development funding from EUDP for LiDAR project
("Windar" or the "Company")
Development funding from EUDP for LiDAR project
The aim of the granted project is to demonstrate LiDAR-assisted wind turbine control strategies for robust and reliable improvements on both currently operating and new build wind turbines (the "Project"). The Project will use Windar's LiDAR technology to detect strong wind gusts and, if possible, rain events that induce high loads and blade leading edge erosion respectively and then adapt turbine control behavior and mitigate the impacts of those events.
The Project will potentially expand the existing portfolio of LiDAR-assisted control-related offerings by Windar for the retro-fit market for both onshore and offshore applications. In addition, the Project will also set the basis for the wind turbine manufacturer in the Project to include LiDAR-assisted control for new wind turbine designs with an emphasis on the next generation of large-scale offshore machines.
Jørgen Korsgaard Jensen, Chief Executive Officer of the Company, commented: "I am very pleased that Windar's participation in this development Project is alongside very strong partners within the industry. In particular, I am excited about the potential add-on this might bring to our retrofit strategy. Our initial value proposition to the retrofit market segment was focused on yaw optimisation and higher energy extraction through our plug-and-play WindTimizer solution. More recently we introduced our load optimisation software upgrades for certain wake scenarios and this Project has the potential to further enhance our plug-and-play value propositions within the retrofit market for additional load reductions in relation to wind gust events - all with the aim of not only selling hardware equipment but additional software solutions/options for further optimisation purposes."
For further information:
| || |
Jørgen Korsgaard Jensen, CEO
| || || |
Nominated Adviser and Broker
Keith Dowsing (Sales)
+44 (0)20 7894 7000
Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimization systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.
This information is provided by RNS, the news service of the
Quick facts: Windar Photonics PLC
Market Cap: £10.45 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE