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 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."

mCloud | mcloudcorp.com