Navigant Research Report Shows US Wind Turbine Manufacturers Are Accelerating Optimization Efforts

Turbine OEMs should also offer optimization services if they do
not already to open the door for more lucrative full-service operations
and maintenance

BOULDER, Colo.–(BUSINESS WIRE)–#WindEnergy–A new report from Navigant
Research examines the range of wind turbine optimization services
offered by the top US wind turbine OEMs, providing recommendations for
wind plant owners and wind turbine OEMs on evaluation and implementation.

The wind energy sector is becoming increasingly competitive and
lucrative as wind turbine OEMs combine software and hardware to unlock
increased annual energy production (AEP) from the vast fleet of aging
operational wind turbines. In addition, a wealth of engineering
expertise gained over decades of wind turbine design and deployment is
allowing OEMs to develop larger and more efficient wind turbines that
operate at higher capacity factors and produce higher AEP than older
turbines. This knowledge can be retroactively applied to older
operational turbines. Click
to tweet: According to a new report from @NavigantRSRCH,
US turbine OEMs are accelerating turbine optimization efforts as common
concepts and applications for wind turbine optimization are being
further developed.

“Wind turbine optimization is no longer a speculative science. There are
now thousands of wind turbines across multiple wind turbine
manufacturers and turbine platforms that have extracted an additional 1%
to 5% or more AEP with optimization services applied,” says Jesse
Broehl, senior research analyst with Navigant Research. “Revenue is
being left on the table if optimization is not implemented or not
offered for specific turbine platforms.”

To gain a competitive advantage in this market, Navigant Research
recommends wind plant owners evaluate and implement turbine
optimization, while turbine OEMs work to better communicate their
optimization offerings. OEMs should also offer optimization services if
they do not already to open the door for more lucrative full-service
operations and maintenance, and large owners of wind plants should
evaluate in-sourced optimization.

The report, Harnessing
Wind Turbine Optimization to Unlock Hidden Revenue, examines the
range of wind turbine optimization services offered by the top wind
turbine OEMs in the US and determines which platforms are key targets
and which may have limitations. It focuses on GE Renewable Energy,
Vestas, and Siemens Gamesa since those companies account for most of the
wind turbines operational in the US during 2018. The study provides
recommendations for wind plant owners and wind turbine OEMs on
evaluating and implementing optimization services for wind turbines.
Navigant Research also provides estimates of the addressable market for
turbine optimization services using the US as a case study. An Executive
Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Harnessing Wind Turbine Optimization to Unlock Hidden
Revenue, is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions
and expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies
used to create the report. Neither Navigant Research nor Navigant
undertakes any obligation to update any of the information contained in
this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
lindsay.funicello.paul@navigant.com