Topics
late
AI
Amazon
Image Credits:AirLoom Energy
Apps
Biotech & Health
Climate
Image Credits:AirLoom Energy
Cloud Computing
mercantilism
Crypto
Enterprise
EVs
Fintech
fund-raise
Gadgets
Gaming
Government & Policy
ironware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
security system
Social
place
inauguration
TikTok
Transportation
speculation
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
TV
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
It started with a drawing on a napkin . NowAirLoom Energyis raise $ 12.7 million in sweet funding , TechCrunch has get word .
The funding came from 21 investor , according to aregulatory filingthat does not list the names of the backers . The caller did not immediately reply to a postulation for comment .
The Wyoming - establish inauguration has a novel approach to jazz index . Rather than grade massive turbines atop 100 - plus - meter tall pillar , it attaches vertical blade to cable television that run along an oval - shaped path just 25 meters ( 82 feet ) above the reason . The troupe is hoping to grow electricity at $ 13 per megawatt - hour , which would be more than 50 % chintzy than traditional onshore wind .
The idea for the racetrack configuration was inspired by kiteboarding , founding father Robert Lumley ’s hobby . He first outline the concept on a diaper during a lead energy conference in Berlin .
Much of the project cost nest egg comes from AirLoom ’s depleted profile . Today ’s wind turbines get more effective as they get larger , but the massive towers and blade are challenging to transport , sometimes requiringup to a yearof advance planning . AirLoom ’s parts are diminished , make them easy to fabricate , move and assemble once on - land site .
AirLoomlast lift a $ 4 million seed roundin November from Bill Gates - founded Breakthrough Energy Ventures , Lowercarbon Capital and MCJ Collective . At the same meter , it also appointed a new chief operating officer , Neal Rickner , who had previously served as COO of Makani Energy , the Alphabet company that endeavor to use kit to harvest wind Energy Department .
In November , Rickner told TechCrunch that the company ’s next step is to refine the engineering science to the gunpoint where it can build a 1 - megawatt pilot burner , which he had targeted for 2026 . The new funding is likely to aid finance that projection .
