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Wind Catching Systems
Develops floating offshore wind technology at bottom-fixed prices
About Wind Catching Systems
Wind Catching Systems AS, established in 2017, is a Norwegian company developing a novel floating offshore wind energy solution. The firm was founded by Asbjørn Nes, Arthur Kordt, and Ole Heggheim. Nes, with his background as a founder of a consultancy in the oil and gas sector, and Kordt, a mechanical engineer and inventor, conceived the initial idea, with Heggheim later joining to contribute his extensive experience from the wind industry.
The company's core technology is the Windcatcher, a large floating structure that utilizes multiple smaller turbines arranged in a grid formation, contrasting with the conventional single large turbine design. This multi-rotor system is designed to produce significantly more energy per square meter of ocean space. Projections suggest a single Windcatcher unit could generate electricity equivalent to five of the largest conventional offshore wind turbines, potentially powering up to 100,000 European households. The design aims to reduce the operational area needed for wind farms by over 80%.
Wind Catching Systems targets the deep-water offshore wind market, an area with vast, untapped wind resources. The business model appears to be centered on the development and eventual sale or licensing of its Windcatcher technology to energy developers and operators. The system is engineered for a 50-year operational lifespan and is designed for easier maintenance, as repairs can be performed on-site without the need for specialized vessels. By stacking turbines vertically, the system can capture energy from winds at different altitudes, an effect enhanced by the interaction between the rotors which can increase their individual output.
The company has secured significant backing from investors including Ferd, North Energy, and the an entity associated with the General Motors investment arm. A prototype is scheduled for installation in 2024 at the Mehuken wind park in Norway, operated by Stadtwerke München.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Bærum, Norway
- Employees
- 13
- Open positions
- None listed
- Dealroom signal
- 70.3/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Wind Energy, Sustainable Development Goals, Marine Energy, Climate Tech, Blue Economy, Offshore Wind, Renewable Energy, Blue Renewable Energy, Hard Tech
- Technology
- Hardware
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jul 2023 | $15M | $61M | Undisclosed | ↗ |
| GRANT✓Other financing | Oct 2022 | $2.1M | — | Enova | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Wind Catching Systems is 2.2K monthly website visits, up 1900% over the last three months. Wind Catching Systems's team declined 13.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Innovation Norway
Enova
Series A1 investor entered at this stage
GM Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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