AE

Airloom Energy

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Airloom Energy Market Research Report



Company Overview



  • Name: Airloom Energy

  • Mission: To accelerate the adoption of renewable generation technology.

  • Founded By: No information is available

  • Key People in the Company:

  • Neal Rickner - CEO

  • Andrew Street - CTO

  • Troy Follak - Chief Product Officer

  • Todd Forsman - Chief Commercial Officer

  • Brian Snee - VP Finance

  • Sam Farstad - Director of Operations

  • Justus Kornkven - Systems Engineer

  • Mookwon Seo - Software Engineer

  • Headquarters: Laramie, Wyoming, USA

  • Number of Employees: 11-50

  • Revenue: No information is available

  • Known For: Next-generation wind turbines that are utility scale, low-cost, reliable, and maximize energy production per square kilometer.


Products



  • Product Offered: Next-generation wind turbines.

  • High-Level Description: Airloom engineers wind turbines that revolutionize the conversion of kinetic wind energy into mechanical energy. These turbines are designed to be scalable, robust, and capable of generating power efficiently in a small footprint.

  • Key Features:

  • Better Physics: Efficient conversion of kinetic wind energy.

  • Scalable Swept Area: High volume of swept area with a simple and robust structure.

  • Robust Design: Built to last 20 years in harsh environments.

  • Higher Energy Density: More energy generated per space due to smaller wake.

  • Mass Production Capabilities: Utilize low-cost, mass-manufacturable components.

  • Simple Transit Installation & Maintenance: Lower mass simplifies transportation, installation, and maintenance.

  • Versatile Deployment: Suitable for low wind sites, sites with height restrictions, difficult access sites, and locations where a smaller visual signature is needed.


Recent Developments



  • Prototype Milestone in 2023: Developed a kilowatt-scale system that validated the design approach.

  • Future Development Roadmap:

  • 2024: Pilot design focused on scaling and robustness.

  • 2025: Begin pilot operations to validate power production and capital expenditure.

  • 2026: Launch a commercial demonstration to showcase advantages.

  • Recent Funding and Partnerships:

  • Raised $13.75 million in funding to accelerate pilot development in Wyoming.

  • Funding led by Lowercarbon Capital and included investments from WYVC, Crosscut Ventures, WovenEarth Ventures, Adiuvans, and the Kutnick Family Office.

  • Secured $5 million Energy Matching Funds from the Wyoming Energy Authority and $1.25 million non-dilutive contract from the U.S. Department of Defense.

  • Bill Gates-Backed Initiative: Received backing from Breakthrough Energy Ventures, affirming the company's potential to redesign wind power technology.

  • Press Features and Recognition:

  • Featured by industry platforms such as Fast Company, CleanTechnica, and the World Economic Forum.

  • Highlighted for innovation in renewable energy and potential impact on energy resilience, with particular interest in defense applications.

  • Environmental Considerations: Promoting lower environmental impact through safer designs for wildlife and reduced visual impact.


Conclusion



Airloom Energy is emerging as a major player in the renewable energy sector with its innovative approach to wind turbine design and manufacturing. Combining technology with scalability and environmental adaptation, Airloom's developments signify a potential shift towards more sustainable and cost-effective wind energy solutions. Their partnerships and investments underline the confidence in their technology and their strategic roadmap till 2026 indicates a robust plan to adopt and scale their impact globally.