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Modvion
Modvion accelerates the transition to renewable energy and materials by building tall wind turbine towers in engineered wood
About Modvion
Modvion builds modular wind turbine towers in wood. - Drives down cost per KWh - Maximizes site potential - Reduces wind power carbon emissions by 30%.
Modvions innovative modular tower construction offers hub heights of up to 200 meters, addressing the need for taller towers for the most powerful onshore wind turbines. This game-changing innovation has the potential to reshape the wind energy landscape. By transporting the tower in modules, Modvion simplifies transportation using standard trucks on standard roads.
In addition, by switching to a wooden tower, carbon emissions are reduced dramatically during manufacturing while the material itself stores carbon. The result is a carbon negative component, storing more CO2 than is emitted during production. The laminated wood that the modules are made from has a better strength-to-weight ratio than the types of steel used for wind turbine towers, enabling lighter towers. The technology enables cost-effective and tall towers compared to traditional steel towers.
Source: Dealroom company dataAt a glance
- Founded
- 2016
- Headquarters
- Göteborgs Stad, Sweden
- Sector
- Energy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
MassChallenge
EIT Climate KIC
Vinnova
European Innovation Council
European Commission
EU Innovation Fund
Series A8 investors entered at this stage
EIC Fund
Vestas Ventures
Klimatet Invest
Chalmers University of Technology
Symbia VC
Almi Invest
Course Corrected
CMPC
Source: Dealroom Talent Intelligence.
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