WindESCo Records 3-fold Rise in Bookings in Q3

WindESCo has celebrated its most successful quarter to date with a three-fold surge in bookings against Q2, mainly on account of deals in North America, Europe, India and China.

October 20, 2021. By Manu Tayal

WindESCo has celebrated its most successful quarter to date with a three-fold surge in bookings against Q2, mainly on account of deals in North America, Europe, India and China.

The company has passed several significant milestones from June to September, including booking its largest-ever deals and first deals in various geographies and business units.

Also, it has closed its first-ever fleet deal in North America, signalling a show of confidence among the world’s largest green energy producers in the company’s ability to deliver annual energy production (AEP) improvements and attractive ROIs.

Remarkably, WindESCo inked an early, pre-launch deal for its next-gen solution, which takes a system approach to wind asset AEP optimization. The solution, WindESCo Swarm™, launches later this month and will be introduced at WindEurope’s Electric City 2021 Conference in Copenhagen in November.

The commercial acceleration builds upon the success of its previous record quarter in early 2021, where the company increased its asset portfolio by over 50%, and tracks WindESCo’s exponential growth as a trusted partner to the wind market.

Commenting on the results, Blair Heavey, CEO at WindESCo, said “increasingly, independent power producers (IPPs), asset managers, utilities, and fund managers are committing themselves to improving the AEP of their existing assets through optimization. Millions of dollars are being invested in asset management dashboards, which provide data, but not actionable insights. IPPs and asset managers are integrating WindESCO into their APM systems so they can drive AEP improvement that’s measurable and impactful to their portfolios.”

The company said that, new contracts in China and India mark its largest deals to date in these immense wind markets and demonstrate a clear uptick in interest from the nations’ IPPs to strengthen the AEP of their vast wind energy infrastructure.

“WindESCo continues to innovate our algorithms and deep analytics to generate AEP gains amid the industry’s growing appetite for innovative technology advancements. Along with our customers and partners WindESCo continues to drive our product vision to deliver additional AEP and actionable insights so our customers make financial improvements for their wind assets,” Heavey added.
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