Airloom Energy has secured $13.75 million in financing to support the development of a pilot project in Wyoming, USA. The company will break ground on the project in the summer of 2025.
Unlike traditional turbines with rotating blades on a tower, the Airloom turbine uses vertical blades called wings that revolve on an oval track mounted on posts. The turbine track can be expanded by enlarging the oval and increasing the number of posts, generating more wattage. Multiple turbines can also be used together.
A $7,5 financing round was led by Lowercarbon Capital with participation from Breakthrough Energy Ventures, WYVC, Crosscut Ventures, WovenEarth Ventures, Adiuvans, and the Kutnick Family Office. Airloom Energy also secured $5 million in Energy Matching Funds from the State of Wyoming and a $1.25 million non-dilutive contract from the U.S. Department of Defense.
