Airborne wind energy developer Kitemill has secured more than € 2million to drive technology development, following its latest tranche of funding from Dutch investment entity Expanding Dreams.Together with smaller investors and a tax relief grant, the combined package will cover the majority of planned activity for 2024.With this extra financing, the company aims to expedite the development of its current model, KM1, and the forthcoming KM2. The firm’s new KM2 prototype, which has been in development for more than two years, features a 16-metre wingspan and four propellers for vertical take-off and landing. The device is capable of generating an average power cycle of 100kW.
