Myriad Wind Energy Systems

Myriad Wind Energy Systems, accessible via myriadwind.com, is an innovative startup focused on revolutionizing the wind energy sector. The company has developed the Myriad Turbine, a unique wind turbine system that uses multiple standardized 250kW generating units. These units are supported by a modular structure, which significantly reduces the levelized cost of energy (LCOE). LCOE is a measure of the average cost of electricity generated by a particular source over its lifetime, and Myriad's approach makes wind energy more affordable.

Myriad's turbines are designed with ease of manufacturing and transportation in mind. The components are simple to produce and move, and the built-in maintenance system allows for upkeep without the need for external cranes, reducing both costs and safety risks associated with working at heights. Unlike traditional wind turbines, Myriad's design uses the same supply chain regardless of the turbine size, which eliminates supply chain bottlenecks and enhances efficiency.

The company was founded by a team that met in 2017 during their PhD program at the Wind and Marine Centre for Doctoral Training. They utilized the Conception X startup accelerator program in 2021 to launch Myriad. Since then, the team has grown to five members and has achieved significant milestones, including winning awards for their innovative approach.

Myriad operates in the renewable energy market, specifically focusing on wind energy. Their primary clients include investors, early adopters, and companies interested in collaboration. The business model revolves around selling and licensing their wind turbine technology, as well as offering maintenance and support services. Revenue is generated through the sale of turbines, licensing fees, and service contracts.

Keywords: wind energy, modular turbines, renewable energy, cost reduction, maintenance system, supply chain efficiency, startup, innovation, energy market, collaboration.