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What is Renew Risk?

We provide a software platform designed to help our clients assess risks and create customized insurance and financing strategies for renewable energy initiatives. At the forefront of offshore wind energy, our Renew Risk software is rapidly evolving to include new asset categories as the sector undergoes technological changes. Our SaaS offering equips users with comprehensive risk insights through cutting-edge, innovative, and patented modeling methodologies. Offshore wind stands out as one of the most promising and swiftly growing sectors for renewable energy around the world. However, investments in this field are at risk of being impacted by extreme weather and natural disasters. We believe that improving risk analytics and modeling tools is vital for the sustainable advancement of renewable energy, offering advantages to developers, insurers, and investors alike. With the increasing demand for renewable energy, our solutions are set to be pivotal in managing the intricate challenges of risk in this ever-evolving marketplace. Additionally, as the landscape of renewable energy continues to shift, staying ahead of emerging risks will be crucial for all stakeholders involved.

What is Openwind?

Openwind, developed by UL Solutions, is a cutting-edge software tool that significantly aids in the design and optimization of wind farms throughout all phases of a wind project's lifecycle, enabling the formulation of optimal turbine configurations that maximize energy production while minimizing losses and managing development expenses for improved project performance. This software allows users to strategically refine turbine placements and layouts, focusing on lowering energy costs by considering a range of factors, including energy yield, operating and maintenance costs, as well as the financial aspects of turbine and facility development. With advanced wake modeling capabilities, such as the Deep Array Wake Model (DAWM), Openwind proficiently examines the complex interactions between turbines and the atmospheric boundary layer, facilitating adjustments to wake effects based on varying turbulence intensities and stability conditions. The platform also includes a time-series energy capture analysis feature that provides detailed insights into energy generation patterns over time, which is essential for thorough project assessment and planning. By harnessing these sophisticated functionalities, Openwind equips users with the tools necessary to make well-informed choices, ultimately fostering more efficient and environmentally friendly wind energy initiatives. Furthermore, its user-friendly interface ensures that both seasoned professionals and newcomers can maximize the software's potential, enhancing collaboration and innovation within the wind energy sector.

Media

Media

Integrations Supported

Integrations Supported

OpenGL

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Renew Risk

Date Founded

2021

Company Location

United Kingdom

Company Website

renew-risk.com

Company Facts

Organization Name

UL Solutions

Date Founded

1894

Company Location

United States

Company Website

www.ul.com/software/openwind-wind-farm-modeling-and-layout-design-software

Categories and Features

Risk Management

Not specified

Solar

Not specified

Wind Farm

Not specified

Categories and Features

Wind Farm

Not specified

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