It looks like the inaugural Exergy Bike Tour in May 2012 may turn out to be the only one.
Exergy Development Group announced Friday they are cancelling the 2013 tour touted by the company last year as the largest U.S. women's professional bike race. Officials say they hope to revive the tour in 2014 but can't pull it off this year, citing financial problems.
The 2012 event attracted a world-class field to Idaho for the five-day stage race. Stages were held in Boise, Nampa, Kuna and Idaho City.
Exergy is also known in the Treasure Valley for sponsoring the annual Twilight Criterium bicycle race in July and for sponsoring two-time Olympic gold medalist Kristin Armstrong. Armstrong competed in last year's event, which was meant to showcase her comeback in advance of the Summer Olympics.
Armstrong crashed during the prologue and broke her collarbone. She was unable to compete in the rest of the Tour, but did win gold at the London Games.
Exergy Development Group LLC is a company that specializes in renewable energy products, like wind turbines.
Lingering uncertainty over rules governing wind energy in Idaho has created a "hard time" for the 12-year-old company, with investors worried about participating in projects, Exergy Vice President Elizabeth Woolstenhulme said last summer.
Here is the statement Exergy officials released Friday morning.
After a highly successful inaugural year, it is with our sincerest regret that Exergy Development Group announces that we will begin initiating the cancellation of the 2013 Exergy Tour by the end of March.
After a tumultuous year, it was our hope that appropriate co-sponsors would assist financially in order to help advance the mission and the event.
Exergy Development Group was the sole financial contributor to the 2012 Exergy Tour which stood out as the pinnacle event in the womens cycling calendar.
Millions of dollars were invested to make the Exergy Tour a highly visible and incredible event validating the potential of womens cycling sponsor recognition and reconstitute the excitement surrounding this side of the sport.
It is our goal to resume the Exergy Tour in 2014, and we highly encourage more people to boldly take a stand to dramatically overhaul the sport and to take a leadership role in support of womens cycling.
We apologize about the delayed announcement and have made every attempt to make this event possible because we believe in womens cycling and the opportunities and exposure this race provides.
The company remains determined to provide equal opportunities for womens professional cycling, and shall continue to support our team, Exergy TWENTY16. As stated in November, our company will maintain investment in the future through youth development and community engagement by fostering inspirational examples.
Exergy remains unwavering in our commitment to recalibrate the sport of cycling and impact it globally. We are deeply saddened by our announcement.
Check back at Idahostatesman.com later for updates.