This year’s list highlights the businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World’s 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.
The company has built its reputation in the renewable energy industry by delivering attractive and measurable performance improvements through innovations in data analysis and IIoT. The company’s flagship product improves turbine performance by finding previously unknowable opportunities to increase energy production without limiting turbine life. Its newest offering, WindESCo Swarm™ leverages IIoT to create collective control of entire wind plants, allowing turbines to work together and learn from each other to optimize output. Swarm delivers significant plant-wide energy production improvements and protects turbines from extreme weather events that have become more common due to climate change. By optimizing existing wind assets, WindESCo helps offset the need for fossil fuels as energy producers work towards NetZero.
WindESCo Founder and CEO, Mo Dua, noted, “It’s an honor to be recognized by Fast Company for the work we’re doing to speed the renewable energy transition. The world is at a critical inflection point and our team is driven every day by the knowledge that improving the performance of wind turbines is possible today. To make renewable energy more appealing to investors and consumers, our next generation onshore and offshore wind fleets must be optimized for production at commissioning.”
Fast Company’s editors and writers sought out the companies making the biggest strides around the globe. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy.
“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to upstarts like MrBeast and institutions such as NASA. Everyone on this list does something completely, uniquely different, yet, they all have one thing in common: innovation,” said Fast Company editor-in-chief Brendan Vaughan.
About Fast Company:
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
About WindESCo:
WindESCo is a Boston based clean technology company that drives energy production gains for wind turbine owners, operators and investors by monitoring and analyzing high-resolution data through patented algorithms, implementing fixes and measuring success with a DNV-approved method. WindESCo has a consistent track record of achieving 1-2% AEP gains at wind assets through its proprietary analytics and actionable intelligence. With the launch of WindESCo Swarm, the world’s first patented solution for collective control of wind turbines, the company can deliver 3-5% farm-level AEP improvements. Founded in 2016, the company is built from deep domain expertise, with a third of staff holding terminal degrees in wind science and related fields.
About WAVE Equity Partners
WAVE Equity Partners (WAVE) is an independent sustainability-focused investment firm. We partner with early-growth companies whose proven clean technologies drive meaningful bottom-line impact and environmental benefits for large industrial manufacturers. Our industry knowledge and dedication to true partnership allow us to identify and support leaders whose innovative solutions are commercially accepted, deliver immediate impact and are poised to scale. WAVE is currently investing out of its third institutional fund and has approximately $420 million under management (AUM) as of Dec. 31, 2022. For more information please visit https://waveep.com/ or by following the company on Twitter and LinkedIn.
