A manufacturer of permanent magnet (PM) generators and power converters for the wind energy market, says it will be expanding its portfolio with the addition of large PM generators for low- to medium-speed applications primarily intended to meet the growing market for offshore wind turbines with rated outputs within the range of 6 to…
Several VCs pool $15 m for PM-generator manufacturer
A company that develops and manufactures permanent magnet generators (PMGs) and related converter systems that deliver wind energy to the power grid, announced it has secured $15 million in funding. Led by four renewable energy, venture-capital firms, Khosla Ventures, CMEA Capital, GE Energy Financial Services, and Statoil Technology Invest, along with independent contributors, the Series…