Airloom Energy Secures $13.75 Million to Advance Wyoming Pilot Project
Airloom Energy has raised $13.75 million in financing to support the development of an innovative pilot project set to begin in Wyoming in the summer of 2025, Windtech-International reports.
The funding will help the company accelerate its efforts to create a unique wind energy system distinct from traditional wind turbines.
Unlike conventional wind turbines that use rotating blades on a tower, Airloom’s system features vertical blades, or wings, that move on an oval-shaped track supported by posts. The design allows for scalability, with the turbine’s power output increasing as the track is expanded or the number of posts and turbines is multiplied.
The $7.5 million financing round was led by Lowercarbon Capital, with contributions from Breakthrough Energy Ventures, WYVC, Crosscut Ventures, WovenEarth Ventures, Adiuvans, and the Kutnick Family Office. Additional funding includes $5 million in Energy Matching Funds from the State of Wyoming and a $1.25 million non-dilutive contract from the US Department of Defense.
The pilot project is expected to break ground in mid-2025, marking a significant step forward for Airloom Energy’s innovative approach to renewable energy.
