NovoGrid Wins International Technology Innovation Award at 2021 Wind Investment Awards
- A Word About Wind鈥檚 annual wind investment awards celebrate best practice in the global wind sector
an Irish software company that optimises energy delivery, today announced that it was awarded the Technology Innovation Award for its GridBoost technology at the 2021 Wind Investment Awards.
The annual international Wind Investment Awards are a platform to celebrate best practice in the global onshore and offshore wind industry, incorporating innovation, financing, project development and asset management. The Awards, hosted by global wind industry community , unite prominent decision-makers to enable opportunities to network and forge long-term business connections.
NovoGrid was the only Irish company to receive an Award at a virtual awards ceremony held recently in conjunction with the Financing Wind Europe conference.
GridBoost is a patented grid edge intelligence software technology which automates and removes inefficiencies in renewable generators and electrical grid operations and was developed by Professor Andrew Keane and his team at University College Dublin (小鸟体育). NovoGrid, a 小鸟体育 spin-out company supported by Nova小鸟体育, was established to commercialise the technology.
Professor Andrew Keane, 小鸟体育 School of Electrical and Electronic Engineering, co-founder and CTO, NovoGrid said, 鈥淲e are delighted to win the Technology Innovation Award at 2021 Wind Investment Awards and I believe it is an excellent endorsement of the potential of our GridBoost technology from the global wind community. I especially welcome the judges鈥� comments that NovoGrid has demonstrated an impressive entrepreneurship amongst academic life and delivered our software that is technical complex with an innovative approach.鈥�
Using GridBoost it is estimated Ireland could save 33 million kWh of renewable energy wasted annually reducing carbon emissions by 16,200 tonnes and saving the Irish consumer 鈧�2.2 million. GridBoost is already installed in a number of wind farms in the UK with NovoGrid鈥檚 installed base increasing three-fold since the end of last year.
Paul Manning, co-founder and Chief Commercial Officer, NovoGrid said, 鈥淲inning our first European level award alongside major market players like Deutsche Bank, Orsted and RES is a fantastic recognition of the work our team has delivered. There is an increased urgency to deliver in the renewables industry however, the ability of the grid to host renewable energy provides a significant challenge, one our technology helps to solve.鈥�
He added, 鈥淲e are heartened by recent announcements from government, the regulator and the system operators that grid investment is to be prioritised and regulations reviewed to take account of new technologies. We hope to replicate our international success at home in Ireland in the future.鈥�
Adam Barber, Managing Director, Tamarindo Group, parent company of A Word About Wind, said, 鈥淚t鈥檚 been another hotly contested year at the Wind Investment Awards. We鈥檝e seen over 60 outstanding shortlisted candidates vying for top spots across fifteen categories. From finance, development, advisory and operations to asset management, tech innovation, legal and recruitment, we鈥檝e witnessed an astonishing level of expertise and achievement across a broad spectrum of the industry.
He added, 鈥淚t鈥檚 been a challenging 12 months for the sector, and the world at large. Which makes it feel even more appropriate to recognise and celebrate the passion, hard work and success of businesses and individuals who have been making an authentic difference within our industry. We congratulate them all and will continue to play our part in empowering people in the sector to build a cleaner and fairer world.鈥�
Further information on all the 2021 Wind Investment Award winners is available via
ENDS
3 June 2021
For further information contact Mic茅al Whelan, Communications and Media Relations Manager, 小鸟体育 Research and Innovation, Nova小鸟体育, e: miceal.whelan@ucd.ie or Paul Manning, NovoGrid, e: pmanning@novogrid.com.
Editors Notes
NovoGrid is a grid-edge intelligence software company based in Dublin, Ireland. Founded in 2014, NovoGrid has developed patented software that optimises energy delivery and increases revenue by automating and removing inefficiencies in renewable generators and electrical grid operations. NovoGrid won the 2020 Irish Wind Energy Association鈥檚 Best Technology award for GridBoost at the Richfield Wind Farm project.
A Word About Wind is a rapidly expanding international membership community that provides intelligence, insight and connections to senior decision makers working on the financial side of the wind industry.