Wind of €3M investment sends Kitepower soaring

Collin Arocho
Leestijd: 1 minuut

Dutch clean-energy startup Kitepower is getting new wind in its sails. The Delft University of Technology spinout, which has continued to build on the legacy of Dutch astronaut Wubbo Ockels’ wind-energy harnessing technology, just announced it has received 3 million euros in new investment. The infusion of cash comes from three different investors, including South Holland’s energy innovation fund Energiiq, together with the Windhandel Beheer and Stichting Ifund.

Kitepower’s airborne wind energy system (AWES) employs a kite or sail that pulls on the tether connected to a ground station. As the kite pulls, the ground station converts the mechanical energy of the kite into electrical energy that powers grids. The solution aims to represent a viable way towards decarbonization for microgrids by saving costs and mitigating dependency on polluting, expensive diesel supplies. Already, through the help of a Fast Track to Innovation grant from the EU’s Horizon 2020 program, Kitepower has developed a 100 kW AWES. With this new flow of cash, the company will look to accelerate the development and market introduction of its technology, which has the potential to significantly reduce CO2 emissions across industries.

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