- First major AssetCare wind deployment since easing of
pandemic restrictions in Europe
- Deploys new AI-driven digital twin enabling prescriptive
maintenance that decreases downtime, increases long-term
production, and maximizes long-term reliability of wind turbine
fleet
SAN
FRANCISCO, Calif., May 10, 2022
/CNW/ - mCloud Technologies Corp. (Nasdaq: MCLD)
(TSXV: MCLD), ("mCloud" or the "Company") a leading provider
of AI-powered asset management and Environmental, Social, and
Governance ("ESG") solutions today announced a three-year agreement
with a global wind power developer with operations in Europe, delivering the Company's AssetCare
solution for wind turbine performance analytics. The agreement was
signed on April 26, 2022.
The AssetCare for Wind solution in deployment uses cloud-based
AI and digital twins to enable the prescriptive maintenance of wind
turbines at over 40 wind farms representing approximately 1,200 MW
in installed capacity across the UK and continental Europe. With AssetCare, the customer can
leverage AI-driven insights to decrease downtime, increase
long-term production, and maximize long-term reliability.
AssetCare pulls wind turbine performance data from SCADA systems
and historians to provide a holistic view of wind turbine
performance. Using AI, digital twins for every turbine and
sub-system evaluate actual performance and operational behavior
against the turbine's current and historical potential, enabling
these turbines to be managed and maintained based on the
performance of each turbine and the overall fleet.
"The uptake of AssetCare for Wind with this wind power developer
in Europe further strengthens the
value that we bring to wind turbine fleets seeking the use of AI
and analytics to get the most out of their wind investments," said
Nitin Kapoor, mCloud's President, UK
and EMEA. "We look forward to working with this customer and other
regional wind operators pursuing the digital transformation of
their fleets."
Those interested in learning more about mCloud's AssetCare
solutions for Wind are invited to visit mcloudcorp.com to learn
more.
About mCloud Technologies
Corp.
mCloud is unlocking the untapped potential of energy intensive
assets with AI and analytics, curbing energy waste, maximizing
energy production, and getting the most out of critical energy
infrastructure. Through mCloud's AI-powered AssetCare™ platform,
mCloud offers complete asset management solutions for commercial
buildings, renewable energy, healthcare, heavy industry, and
connected workers. IoT sensors bring data from connected assets
into the cloud, where AI and analytics are applied to maximize
their performance.
With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an
ecosystem of operating subsidiaries that deliver high-performance
IoT, AI, 3D, and mobile capabilities to customers, all integrated
into AssetCare. With over 100 blue-chip customers and more
than 63,000 assets connected in thousands of locations worldwide,
mCloud is changing the way energy assets are managed.
mCloud's common shares trade in the
United States on the Nasdaq and in Canada on the TSX Venture Exchange under the
symbol MCLD. mCloud's convertible debentures trade on the TSX
Venture Exchange under the symbol MCLD.DB. For more information,
visit www.mcloudcorp.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
View original
content:https://www.prnewswire.com/news-releases/mcloud-signs-first-key-assetcare-agreement-delivering-performance-analytics-to-major-wind-power-developer-in-europe-301543376.html
SOURCE mCloud Technologies Corp.
