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Interest Revs Up in Home Wind Turbines |
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Written by Res
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Friday, 07 May 2010 21:50 |
Interest revs up in home wind turbines
April 19, 2010
By GLORIA CARR, The Courier News
ELGIN -- The display at Randall and Binnie roads north of here features the top of a wind turbine with a sign to call a guy named Joe for more details about renewable energy.
If you call Joe Galvin, he'll explain the concept behind the buzz words "renewable energy" or "wind energy."
Galvin, an agent with Monarch Renewable Energy, put up the display a few months ago to generate sales leads and pique interest among the roughly 45,000 motorists who use Randall Road daily. His idea has worked. Galvin has been receiving lots of phone calls.
"We get a lot of phone calls every day," he said. "People are kind of curious. We have people interested in buying, but we get people asking what is that thing."
Monarch, based in Elgin, is bringing small wind turbines to a new market -- residential use -- co-owner Casey Panichi said. Panichi had one built as a demonstration at his home near Campton Hills last fall, when the company announced it was broadening its portfolio of products and services to offer wind power options geared toward smaller residential use and larger commercial applications.
Wind energy is a topic of conversation everywhere, with federal tax credits encouraging the technology. Last week, Evanston officials announced an idea to put wind turbines in Lake Michigan. Late last year, a wind farm opened in DeKalb and Lee counties, causing consternation among neighbors. And local school districts such as Community Unit School District 300 are looking to invest in wind energy.
Elgin, coincidentally, is becoming the site of a cottage industry of sorts for wind energy. Monarch and the largest manufacture of wind turbines -- Winergy Drive Systems Corp., a subsidiary of Siemens Drive Technologies -- are headquartered here.
The problem is that Elgin, like a lot of communities, doesn't have an ordinance allowing wind turbines, either residential or commercial. That's about to change, and supporters of the wind energy hope it will open the door to a greener city.
Common questions
Monarch is an authorized dealer and installer for the Skystream 3.7 "grid-connected" wind turbine for commercial and residential use. The company's customer base ranges from residential and agriculture to estate homes and nonprofits, Panichi said. It is installing several of those wind turbines for D300's Dundee-Crown High School in Carpentersville. Monarch also is planning to expand to provide thermal solar technology and energy-efficient lighting systems.
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Small But Mighty Wind Turbines See Sales Soar |
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Written by Res
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Friday, 07 May 2010 21:48 |
Small but mighty wind turbines see sales soar
New annual report reveals that installations climbed 25 per cent during 2009 as exports also rose
BusinessGreen.com Staff, BusinessGreen, 27 Apr 2010
The UK's small wind turbine industry delivered record growth during 2009 as growing numbers of customers installed wind energy systems ahead of the launch of the government's feed-in tariff.
That is the conclusion of a new report from trade association RenewableUK to be released later today at the opening of the second annual International Small Wind Conference in Glasgow, which shows that the small wind market expanded 25 per cent in 2009, installing 8.6MW of capacity during the course of the year.
The annual report will also show that the UK has cemented its position as the second largest market for small wind systems in the world after the US, and is now home to over 20 manufacturers specialising in the development of small-scale turbines.
In addition, the new figures will demonstrate that the small wind sector is fast emerging as one of the UK's leading clean tech export markets, having seen exports climb 45 per cent during 2009 to £8m. The performance completes a nearly threefold increase in exports in the past three years, driven by a combination of rising global demand for British turbines and the weak pound helping to keep prices competitive.
Overall, market revenues for the sector now stand at £17m with small wind firms providing almost 1,800 jobs in the UK.
"Success at home is now being followed by success abroad with UK small wind turbine manufacturers becoming a major force in fast-expanding international markets," said Alex Murley, head of small systems at RenewableUK, adding that this week's conference is expected to be attended by 700 delegates from over 20 countries.
He added that domestic demand for small wind turbines is also expected to continue to grow as more households and businesses look to take advantage of the government's recently launched feed-in tariff scheme.
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Last Updated on Friday, 07 May 2010 21:54 |
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Wind Power Systems Launches PPM to Raise $2.5M for Earth Friendly Patent Pending "Small Wind" Turbine |
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Written by Res
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Friday, 07 May 2010 21:43 |
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Wind Power Systems, LLC (WPS) Launches PPM to Raise $2.5M for Earth Friendly Patent Pending "Small Wind" Turbine
Wind Power Systems (WPS) has developed an affordable alternative energy wind turbine for the commercial and residential “Small Wind” market providing cost saving, sustainable, clean-tech energy independence.
Boca Raton, FL (PRWEB) April 15, 2010 -- Wind Power Systems, LLC (“WPS”), an alternative energy company specializing in a Patent Pending small and micro wind turbine system for use directly by commercial and residential consumers, has commenced the sale of equity units to raise $2.5 million in new capital.
“WPS is offering a 25% equity stake in the company through the sale of 400 Units in a Private Placement Memorandum” said H. Logan Pierson, Manager-Member and the owner of a majority interest in WPS. The offering is eligible in 39 states, including Florida, California, and New York, as well as Puerto Rico.
Each Unit being offered for sale to accredited investors is priced at $6,250.00 with a minimum investment of Four (4) Units ($25,000.00).WPS reserves the right to accept a fractional investment by an accredited investor of Two (2) Units for $12,500.00.
“This is a major step for Wind Power Systems, LLC in its goal to bring to market a unique, cost-effective, and affordable vertical axis wind turbine (VAWT) for commercial, residential, government, military, emergency, marine, and non-profit uses” added Pierson.
WPS has a U.S. Patent Pending on a second-generation prototype of its renewable, sustainable, and earth friendly wind turbine power system and a portion of the capital raised through the offering will enable the company to further refine the product by wind tunnel testing and fluid dynamics before commencing production.
“We know our unique earth friendly system works well and with this further refinement, WPS can begin production on the optimum design that will be the most cost-effective for our customers”, said Pierson. “Production can begin early this summer” Pierson added
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Last Updated on Friday, 07 May 2010 21:56 |
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WindTamer Corporation Announces Loan Agreement |
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Written by Res
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Friday, 07 May 2010 21:42 |
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Apr 27, 2010 08:30 ET
WindTamer Corporation Announces Loan Agreement With First Niagara Bank, N.A.
ROCHESTER, NY--(Marketwire - April 27, 2010) - WindTamer Corporation ("WindTamer" or "The Company") (OTCBB: WNDT) announced today that it has entered into a loan agreement (the "Loan Agreement") with First Niagara Bank, N.A. for a $1 million secured revolving line of credit (the "Line of Credit").
The Line of Credit is available until May 1, 2011 with variable rate of interest at the Prime Rate subject to a floor of 3.25%. The Company may borrow and repay any principal amounts drawn on the Line of Credit during this period.
The Line of Credit is being guaranteed by certain members of WindTamer's management and one of its principal stockholders. As part of the guaranty, WindTamer's Chairman of the Board and founder Gerald E. Brock has agreed to pledge 20 million of his shares of stock to the guarantors in exchange for 6,000,000 warrants, with each warrant entitling him to purchase one share of WindTamer common stock at the April 26, 2010 closing price of $0.25 per share. WindTamer will issue an additional 23,000,000 warrants under the same terms to the guarantors of the loan.
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