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AirLoom Energy: Reducing Electricity Costs with Innovative Wind Energy Technology

Image Credits: AirLoom Energy
By: Headliners News / June 6, 2024

What began as a simple napkin sketch has evolved into AirLoom Energy, a pioneering wind power startup now raising $12.7 million in new funding, as revealed by regulatory filings. This round includes contributions from 21 investors, though their identities remain undisclosed. The Wyoming-based company has yet to provide a comment on the matter.

AirLoom Energy offers a fresh take on wind energy. Instead of the conventional tall towers with massive turbines, the startup employs vertical blades attached to cables on an oval-shaped track, positioned just 25 meters (82 feet) above the ground. This innovative design aims to generate electricity at $13 per megawatt-hour, significantly reducing costs by over 50% compared to traditional onshore wind power.

The concept for AirLoom’s unique configuration was inspired by founder Robert Lumley’s kiteboarding hobby. The initial idea was sketched on a napkin during a wind energy conference in Berlin. The startup’s lower-profile setup contributes significantly to the anticipated cost savings. While larger wind turbines are more efficient, their massive components are challenging to transport, often requiring extensive logistical planning. In contrast, AirLoom’s smaller parts are easier to manufacture, transport, and assemble on-site.

Previously, in November, AirLoom Energy secured a $4 million seed round from Breakthrough Energy Ventures, founded by Bill Gates, along with Lowercarbon Capital and MCJ Collective. During the same period, Neal Rickner, former COO of Makani Energy—a company under Alphabet that explored kite-based wind energy—was appointed as AirLoom’s new CEO.

Rickner recently shared some insights in an interview with TechCrunch that the company’s immediate goal is to refine its technology to the point where it can construct a 1-megawatt pilot project, targeted for completion by 2026. The latest funding round is expected to support this crucial development phase, bringing AirLoom Energy closer to revolutionizing the wind power industry with its cost-effective and innovative approach.

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