SheerWind is nearing completion of its 200-kW INVELOX pilot project for Army National Guard-Michigan and is breaking ground for another in Florida for Tampa Electric.
INVELOX is a multi-patented system that captures, accelerates, and harvests wind power through a funnel and converts it into electrical power. It is the first single wind tower capable of powering multiple turbines in a row or series.
SheerWind is currently seeking qualified accredited investors for growth funding. Funds will be used to meet increasing global demand for commercialization and delivery of the INVELOX technology.
Traditional wind-power systems have limitations because of the complex infrastructure and machinery needed that both often come with expensive price tags to produce, construct, maintain, and link to power grids. Siting is also often limited to farmland or desolate high-wind regions, which require environmental permits.
INVELOX technology turns traditional wind-power systems upside down by first using a funnel to collect wind, and then channeling that wind to increase its speed and delivering it to multiple high-efficiency turbines safely covered on the ground. This means wind energy can be produced from record low wind speeds of two meters per second in locations close to the end user—even on rooftops in urban areas—eliminating complex power and grid systems.
Shrinking the size of the turbine blades, eliminating complex systems, and harvesting at ground level all equate to cost savings, environmental safety, and profitable output. INVELOX also has an exceptional capacity factor of 70 to 90% (compared to 20 to 40% for traditional systems) by using a combination of low and high-wind speed.
To date, SheerWind has successfully execured its strategy of licensing its patented INVELOX technology worldwide with five global distribution hubs, including in: China, Denmark, the Netherlands, New Zealand. and the Middle East. Each hug has multiple INVELOX projects in development for 2016 and 2017 totaling over 337 MW. The China hub, for example, is focused on community and utility-scale INVELOX systems in 2016, with plans for 300 MW the following year. The Netherlands hub is developing rooftop units with plans for producing a 25-MW utility-scale wind power plant within the next two years.
With a goal to add 8 to 10 more licensed distribution hubs yet in 2016, SheerWind expects to play a significant part in the global push for climate friendly energy. “With 20 to 30 global inquiries a week, with the proper funding, we see this goal as readily attainable,” said Steve Faber, Chief Sales Officer. “We look forward to signing global partners with the common goal of providing clean, affordable energy to those who need it most.”
Accredited investors can find more information on this opportunity here.
Filed Under: Financing, News, Turbines