Spinetic Energy secures investment from Green Angel Syndicate to back its wind power technology
Green Angel Syndicate has backed the developer of the Wind Panel alongside existing investors IP Group and Lark.
Spinetic Energy has developed a low cost wind panel designed to generate small scale wind power in remote and off grid locations.
Spinetic Energy has secured investment from Green Angel Syndicate to support its small scale wind power technology. The funding follows five years of product development on the company multi patented Wind Panel, which aims to replicate the accessibility of solar panels for wind energy.
Green Angel Syndicate led the investment after a due diligence process, joining existing backers including IP Group and Lark. The capital will assist the company as it targets markets currently reliant on diesel generators in remote and off grid locations.
From the founder
"We are delighted to have attracted such knowledgeable specialist investors to join our existing angels and institutional shareholders IP Group and Lark. We passed the tough Green Angel Syndicate due diligence process with flying colours, which in itself provides a powerful validation for our plans. GAS has already begun to add value to our business by making valuable commercial introductions."
Nick Goddard
CFO at Spinetic Energy
Investor perspective
"Spinetic will do for small scale wind power what photovoltaic panels have done for solar power. Our research showed that no company worldwide has come close to achieving what Spinetic has done over their last five years of product development. There is a huge market opportunity to replace environmentally damaging diesel generators with Wind Fences, initially in remote off-grid and grid edge applications."
Simon Acland
Director, Green Angel Syndicate
Investors
Categories
About the company
Spinetic Energy
Spinetic Energy manufactures low cost wind panels for local power generation.