History & Team

Pioneering Energy
Independence for Farmers

Eocycle was founded in 2001 to commercialize an innovative generator technology. In 2009 Eocycle began selling its first wind turbines using its patented Transverse Flux Permanent Magnet (TFPM) technology. 

In 2013 a new management team, lead by industry pioneer Richard Legault, made the strategic decision to have Eocycle focus exclusively on serving the distributed wind energy market with a 25kW wind turbine. A four-year R&D program was launched to develop the EO25, a second-generation design of the wind turbine. Leveraging the proven generator technology from the first-generation model, the new EO25 stands apart from the competition through its extremely high efficiency, high reliability, and its ability to produce electricity at the lowest cost of energy in the industry. Today, Eocycle continues to be managed by a team of industry pioneers, wind energy veterans, and top engineers.

Continuous Research & Development

Since its creation, Eocyle has never ceased to invest in research and development to improve our technology, lower costs, and drive innovation. We stand out from our competitors by holding all commercial rights and intellectual property on all the key components of our wind turbines, including our innovative hydraulic tower system.

2001 – 2006

5/9 kW generator prototype

2007 – 2008

25 kW generator prototypes

2009

The first prototype of a 20/25 kW direct drive wind turbine

2015

Second-generation 20/25 kW direct drive wind turbine

Our internationally renowned leadership and technical team combine decades of experience in engineering, production and wind power plants.

Management

Richard Legault

President and Chief Executive Officer

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The recipient of many excellence awards, Mr Legault is a world renowned entrepreneur in the wind energy and clean energy sectors. Before taking the helm of Eocycle, he held several important positions, notably with Germanischer Lloyd AG, now DNV – GL (Global Head Renewables and Management Committee); HelimaxEnergie (CEO and founder), NEG Micon Canada, today Vestas (CEO and co-founder) and Kenetech Windpower, now General Electric (Director Canada). He has been trained as an engineer, an energy expert and in the governance of companies, in addition to holding a Master’s degree in Project Management.

Bouaziz Ait Driss

VP Development and Innovation

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Mr. Ait Driss has 30 years of experience in renewable energy (innovation, management and engineering) in projects across the globe. Prior to joining the Eocycle team, he worked, among others, with DNV – GL Renewables, Helimax Energy Inc., at the Institut Supérieur d’Électronique de Montréal, as well as in the Renewable Energy Development Center of Algiers. The variety of projects in which he has been involved has enabled him to fine tune his expertise in energy production. He has a Bachelor’s degree in Electrical Engineering, as well as a Master’s degree in Renewable Energy, in addition to having completed training as an energy expert and in the governance of businesses.

Bryan Wallis

CFO & Vice President

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Mr. Wallis has a background in finance, fundraising, marketing, legal and business development. Previously with Inocucor Technologies where he raised more than $55 million CAD from private investors and non-dilutive capital. He served as an executive at Cansolv Technologies Inc./ Shell Global Solutions B.V. His professional experience includes financial and market analysis for structured financing at the National Bank of Canada as well as serving as a lawyer at The Canam Manac Group. He holds an MBA from HEC Montreal and is member of the Quebec bar.

Paul Dawson

VP Sales and Marketing

www.cepstudio.com

Mr. Dawson is an accomplished professional in the wind energy sector with experience spanning all continents. His experience includes holding senior positions in business development, sales, and marketing for market-leaders in the renewables such as NRG Systems and Northern Power Systems. He has also led start-ups and been an invited speaker at numerous industry events. Mr. Dawson has an undergraduate science degree from McGill University and is completing his MBA in Marketing and Finance from Concordia University.

Board of Directors

Richard Legault

President and Chief Executive Officer

www.cepstudio.com

The recipient of many excellence awards, Mr Legault is a world renowned entrepreneur in the wind energy and clean energy sectors. Before taking the helm of Eocycle, he held several important positions, notably with Germanischer Lloyd AG, now DNV – GL (Global Head Renewables and Management Committee); HelimaxEnergie (CEO and founder), NEG Micon Canada, today Vestas (CEO and co-founder) and Kenetech Windpower, now General Electric (Director Canada). He has been trained as an engineer, an energy expert and in the governance of companies, in addition to holding a Master’s degree in Project Management.

Chris Varrone

Independent member

www.cepstudio.com

An economist trained at Cambridge University and a former consultant for McKinsey, Mr. Varrone specializes in commercialization of technologies, particularly in the field of renewable energies. In  2010, he founded Riverview Consulting in order to advise companies and investors. Previously, he occupied the position of Chief Strategist, Research & Development for Vestas Wind Systems, after having accumulated 20 years of experience as a consultant for many leading companies around the world. He is a frequent contributor to the dialogue on renewable energies by giving speeches during events of international scope such as the NEXUS Global Summit at the United Nations, in 2014 and 2015, as well as the Wall Street Green Summit, in 2016. A student of the Fulbright program in Norway, Mr. Varrone received a B.A. from Williams College (with the greatest distinction), and a Master’s degree in Economics from Cambridge University (with great distinction). He is fluent in Norwegian and Danish.

Claude Vachet

Managing Partner, Cycle Capital Management

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Mr. Vachet has extensive experience in operations, risk capital and portfolio management in the technology sector. He has a strong track record in matters of investment, in addition to being part of succesful teams at Kirchner Management, Multiple Capital and Innovatech Montréal, where he was responsible for 44 start-up companies and five risk capital funds. Mr. Vachet also has extensive expertise in corporate governance, having sat on the boards of directors of more than 30 companies over the past 20 years. He holds a Bachelor’s degree in Chemical Engineering and an MBA in Finance.

Martin Lussier

President, Gestion Martin Lussier Inc.

www.cepstudio.com

Mr. Lussier acquired extensive expertise in manufacturing, management, material sourcing, information technology and marketing through his experience at Plombco Inc. where he served as president. After 18 years at Plombco, he decided to sell the company in February 2017 and he is now an active investor, mainly in the field of environmental technologies. He holds a MBA from the University of Sherbrooke and a Bachelor’s degree in Chemical Engineering.

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