December 5 (Renewables Now) - US venture capital firm Ystrategies Corp (OTCMKTS:YSTR) announced today it has launched a startup that offers a cloud computing platform for wind farm performance optimisation.
The new company, called WindWISDEM Corp, is based in the San Francisco Bay Area. It is an expert in identifying cooperative action among multiple wind turbines by applying physics-based algorithms against unpredictable wind data. The advantages include reducing risk while increasing power production.
The team behind the startup is focused on the development, deployment and integration of advanced, proprietary cloud computing software systems and their application to wind farms, the venture capital firm noted.
Ystrategies has made an initial investment of USD 350,000 (EUR 296,000) in WindWISDEM to jump-start its commercialisation. The latter expects to introduce a Phase 1 system with customers in the second quarter of 2018.
(USD 1.0 = EUR 0.846)