The Global Climate Platform

CLIMATE & ENERGY TECHNOLOGY

Thursday, 06, June, 2024

Types of AWE

DESCRIPTION Mobile wind power plant. Aims to overcome the limitations of traditional wind turbines and significantly expand the global capacity for wind energy. PROBLEM Conventional turbines, expensive installations. Substantial land requirement. 

The need for clean energy, especially in off-grid scenarios, demands new, efficient technologies.

SOLUTION Drone energy system requires fewer materials. Reaches higher altitudes. Increased energy generation. Flexibility in installation locations. Substantial reductions in CO2 emissions. Access to untapped wind resources. IMPACT mobile energy plants boast twice the capacity at half the current energy production costs of turbines. Off-shore development could unlock almost unlimited resource potential. MARKET FOCUS  Off-grid markets: mining companies, remote communities, expand into off-shore applications . The estimated total addressable market is EUR 360 Bn/year. EVIDENCE Supported by validated performance simulations and detailed cost models, the system demonstrates disruptive energy cost reduction potential compared to diesel, wind, and PV systems. TECHNOLOGY Pioneering Airborne Wind Energy, leveraging ultra-light wings for efficient energy harvesting. The drone-tethered winch system adapting to various weather conditions, potential to be one of the first commercially viable AWE options. Core patents related to emerging AWE standards owned by the company. CUSTOMER Primarily energy companies.  BUSINESS MODEL Partnerships for commercialization. Market fit for industrial customers.  ECONOMICS Funded by venture capital and grants, actively seeking additional capital from private investors and energy industry partners. Currently raising EUR 5M in a post-seed equity round, with plans for a larger Series A raise in 9 months. COMMENTS  Market entry preparation for 2025.Developing the TT1000, the world’s first mega-watt scale, mobile AWE system. Launching a sub-scale commercial demonstrator in 2023. Onboarding new strategic partners, scaling the team, and advancing discussions with governments and regulatory bodies. Becoming a supplier of disruptive wind technology and an energy-as-a-service provider over time. GLOBAL COMPETITION China. Through the mobilization of AWE this technology offers scalability, positioning it as a competitor in this field.


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