Wind turbines have grown in size, but their form has largely stayed the same. A start-up backed by the US Department of Defense and Bill Gates is among those looking to change that.
Airloom Energy Inc received US$13.75 million in financing to build a pilot in Wyoming to test its technology, the company announced on Tuesday.
Lowercarbon Capital led a funding round that included Gates’s Breakthrough Energy Ventures LLC for US$7.5 million, with the rest coming from the state of Wyoming and the US Department of Defense.
Photo: Bloomberg
Instead of rising on a tower, the start-up’s turbine uses a roller coaster-like track. Wind pushes wings around the structure, which in turn pulls a belt that powers generators to produce electricity.
It is a redesign that is intended to deliver equipment that is significantly smaller than horizontal axis wind towers, lowering the costs of construction and transportation, the company’s chief executive officer Neal Rickner said.
The systems could potentially produce power at about one-third of the cost of traditional turbines, he said.
Airloom’s system would be 10m to 30m tall, compared with regular turbine heights of about 100m, though positioning the system closer to the ground also means a loss of wind strength.
“We’re a lot less expensive, and we make a little bit less energy,” he said.
Efforts to rethink wind turbine design come as the sector continues to grapple with the impact of supply chain snarls and higher interest rates that have stalled projects and seen the technology’s growth lag far behind solar installations.
Other potential innovations — including miniature, fan-like turbines or vertical-axis designs — have so far struggled to gain wide adoption and industry leaders have focused on delivering increasingly powerful systems. China’s Ming Yang Smart Energy Group Ltd last year announced a 22 megawatt turbine with a rotor diameter of more than 310m — meaning blades stretch nearly the height of the Eiffel Tower.
Rickner previously worked at Makani Technologies LLC, a wind energy company acquired by Alphabet Inc that sought to use kitesurfing technology. The team behind it struggled to bring costs down, leading to the endeavor folding in 2021.
Alternative wind start-ups are usually an automatic pass, Lowercarbon Capital founding partner Clay Dumas said.
However, Airloom’s approach promises to lower the cost and time for installations — and to be less obstructive.
“There’s a lot of novelty in what Airloom is trying to do, but there’s not a lot of novelty in the equipment or technology that they’re taking off the shelf and assembling in new ways to generate wind power,” Dumas said.
With new US Inflation Reduction Act tax credits coming into effect next year, the market for wind energy in the US is expected to significantly increase, said Oliver Metcalfe, head of wind research at BloombergNEF (BNEF).
In the US, wind energy capacity would more than double by 2035, according to BNEF’s forecast.
Airloom’s shorter system could potentially benefit as it is likely to avoid some permitting restrictions related to height, Metcalfe said.
“The really slow and arduous permitting processes, high costs to connect to the grid or queues to get a grid connection agreement, those non-economic factors are holding back the growth of the wind power sector more than simply the cost of energy,” he said.
Some permitting difficulties are related to height restrictions, Metcalfe said, adding that Airloom’s shorter system could be a boon.
However, he said that success would depend on the full-scale demonstration showing that the company can deliver low-cost energy.
“The world is full of very smart engineers that can build innovative and exciting designs for harnessing wind energy, but the dominant design today is now very low cost in many markets around the world,” he said.
Airloom’s technology could win a role in areas with height restrictions — like airports and mountains — or where views need to remain unspoiled.
The potential for use on military bases has attracted a US$1.25 million investment from the US Department of Defense, Rickner said.
The US Army aims to have a microgrid at every base by 2035 and have enough renewable energy to self-sustain critical missions at all bases by 2040. Large turbines are difficult to construct and transport, and can impact radar detection and where helicopters can fly.
Airloom plans to break ground on its pilot next year.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
WARNING SHOT: The US president has threatened to impose 25 percent tariffs on all imported vehicles, and similar or higher duties on pharmaceuticals and semiconductors US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” — a key target in the US leader’s tariffs policy. The US in 2020 had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump said. Trump said he expected Chinese President Xi Jinping (習近平) to visit the US, without giving a timeline for his trip. Trump also said that he was talking to China about TikTok, as the US seeks to broker a sale of the popular app owned by Chinese firm ByteDance Ltd (字節跳動). Trump last week said that he had
STRUGGLING TO SURVIVE: The group is proposing a consortium of investors, with Tesla as the largest backer, and possibly a minority investment by Hon Hai Precision Nissan Motor Co shares jumped after the Financial Times reported that a high-level Japanese group has drawn up plans to seek investment from Elon Musk’s Tesla Inc to aid the struggling automaker. The group believes the electric vehicle (EV) maker is interested in acquiring Nissan’s plants in the US, the newspaper reported, citing people it did not identify. The proposal envisions a consortium of investors, with Tesla as the largest backer, but also includes the possibility of a minority investment by Hon Hai Precision Industry Co (鴻海精密) to prevent a full takeover by the Apple supplier, the report said. The group is