LOUISVILLE, Colorado, Nov. 18, 2013 /PRNewswire/ -- Boulder Wind Power (BWP) announced completion of a third-party review of its wind power technologies and cost of energy (COE) model. The independent assessment analyzed the technological and commercial risks associated with BWP's direct drive generator, and resulted in an estimated 12-22 percent cost of energy advantage relative to four of the industry's most common drivetrains.
"BWP's proprietary technologies represent significant advancements in electric machine design, with our expertise in printed circuit board electromagnetic circuits, advanced magnetics design and advanced structures. BWP's first implementation of its technology, a 3MW direct drive generator and full power converter, has the potential to dramatically lower the cost of wind energy by producing energy with lower capital costs and improved reliability," stated BWP Chief Commercial Officer John Fedorko.
In addition to providing guidance on the COE model, the review investigated BWP's systems and sub-systems, focusing on considerations from broader BWP technology development processes to individual component reliability. The review addressed the risks inherent in bringing new technology to the wind power market while showing that BWP's knowledge base and approach to magnetics, mechanical structures and printed circuit boards are sound and exemplary.
"For wind power technology companies, third-party expert analysis is an essential step in a successful technology development program. BWP elected to take that step earlier than most to demonstrate that our technology is sound and on track to deliver proven advantages as we finalize design for our first pre-commercial unit," said BWP Chief Executive Officer Andy Cukurs. "Not only did the review highlight BWP's technical advances, but it provided the benefit of unbiased recommendations on risk mitigation early in the design process. This helps us ensure our technology provides a clear cost-of-energy benefit – ultimately making electricity from wind energy a larger share of power generation."
"In the wind industry, where two-to-three percent gains in cost of energy are highly differentiating, BWP's modeled 12-22 percent advantage in cost of energy represents a potential step change in the deployment of wind energy and furthermore validates the depth of BWP's technology portfolio," said Fedorko.
BWP will make the technical review report and the report on cost of energy modeling available to select BWP partners. For more information about BWP, please visit www.boulderwindpower.com.
For more information please contact:
Byron Boone, +1-303-630-1400
About Boulder Wind Power
Boulder Wind Power is a private company based in Louisville, Colorado that has developed advanced wind turbine generator and full power converter technology for utility scale electricity generation. The Company's next generation technology is simpler, more efficient and less costly to maintain than alternative wind turbine drivetrain technologies. Boulder Wind Power's products enable the production of electricity at a cost dramatically lower than existing offerings and competitive with fossil fuel energy production costs. The Company provides technology to wind turbine manufacturers and supplies its patented generator and power electronics for incorporation into their products.
SOURCE Boulder Wind Power