Renewable Energy Takes a Huge Leap Foreward

Renewable Energy Takes a Huge Leap Foreward

energy

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Ampyx Power and E.ON have partnered up with the objective to successfully implement Ampyx Power’s Airborne Wind Energy technology into commercial deployment, using flying drones.

As part of the cooperation, E.ON has committed the development and, if successful, construction and operation of a demonstration site for Airborne Wind Energy concepts in Ireland. The test site will be used by Ampyx for testing, verification and demonstration it’s new Airborne Wind Energy System (AWES).

Testing at the E.ON test site is an important step towards subsequent offshore demonstration and eventually commercial deployment of the AWES itself as well as follow-up products.

The company started construction of its fully functional demonstrator in 2016. In order to finance activities towards commercialisation of its technology, Ampyx Power aspires to enlarge its current base of investors with a new crowdfunding campaign targeting investments of € 2.5 million. The company recently announced in a press release that it’s raised € 2 million new equity from its existing shareholder base, which provides a solid financial foundation for the new crowdfunding campaign.

Frank Meyer, Senior Vice President at E.ON explained: “we’ve been looking into Airborne Wind technologies for five years and believe it has true game-changing potential. It supports one of our overall targets to drive down the cost of renewable energy, and also allowing production of renewable energy at locations where it is currently not economical and technical feasible today”.

Wolbert Allaart, Managing Director of Ampyx Power: “This cooperation with E.ON, one of the leading energy companies in the world, is a major milestone for our company. It is fundamental for us as it allows us to incorporate E.ON’s vast offshore wind expertise into our product design efforts. This clear proof of market interest further inspires our team of almost 50 engineers who are working on product development and certification since 2014, after we have proven our concept in the initial five years of our existence.”