Aeromine Technologies Raises $9M for Innovative Distributed Power Wind Energy Solution

Rooftop wind energy innovator Aeromine Technologies announced in May of this year that it closed an approximately $9 million funding round to accelerate the roll out of its breakthrough, motionless, on-site wind energy solution. Veriten, the energy research, investing, and strategy firm, is the lead investor in the Series A funding round. Additional investors in the round include global engineering firm Thornton Tomasetti and family offices.

Aeromine will capitalize on the latest investment round to expand its reach through increased production scale and global market development.

At a time when maximizing on-site generation and transitioning to clean energy is more critical than ever, Aeromine notes that the company has created a patented rooftop wind harvesting platform which utilizes the power of wind for smaller footprints, including commercial buildings, at a competitive cost.

Unlike huge onshore and offshore wind farms, Aeromine points out that the company's space-efficient units are mounted on the edge of a building’s roof and have no external moving parts or blades. Aeromine units are designed to capture wind flowing up and over the building and convert it into on-site electricity.

According to Aeromine, the firm can help owners of apartment buildings, warehouses, manufacturing facilities, offices, hospitals, retail centers and nearly any large building with a flat unobstructed roof produce up to 100 percent of their energy needs on site. The technology leverages aerodynamics similar to airfoils on a race car to capture and amplify each building’s airflow to generate around-the-clock energy. Systems typically consist of 20-40 units installed on the edge of a building facing the predominant wind direction.

Since its launch in late 2022, when Aeromine was recognized as one of the year’s Top 200 Inventions, the technology has been featured in numerous media outlets including the Wall Street Journal, Fast Company, and the Washington Post, and was also named one of the Top Building Products of 2023 by Building Design+ Construction. Aeromine is also part of AEC Angels’ portfolio, an investment platform made up of industry leaders and technology investors across the Architecture, Engineering, and Construction sectors.

Aeromine has received nearly 11,000 inquiries from more than 6,500 companies and currently has a pipeline of 400 qualified projects. These customers, predominately in the industrial, logistics, financial (portfolio owners/developers), automotive, commercial and government sectors, are split evenly between Europe and the U.S., with additional interest coming from the Asia Pacific region, Latin America, and Australia/New Zealand.

Designed to produce energy independently or integrate seamlessly with existing solar arrays, Aeromine notes that its motionless, quiet units easily adapt to existing electrical infrastructures. Since power is generated on-site, Aeromine eliminates disruptions in power due to grid supply and demand instability or the environmental impacts from extreme weather associated with transporting energy.

“Distributed power is a key and increasingly strategic element to an evolving ‘all the above’ energy mix,” said Maynard Holt, Founder & CEO of Veriten. “We believe that distributed power innovation will play a vital role in helping companies fulfill their need for reliable, reasonably priced electricity and desire for low-impact power. We’re excited to partner with Aeromine, as its ability to quickly and affordably help a wide variety of companies meet their energy needs with wind resources is unique among distributed energy solutions.”

_{Source: Aeromine Technologies}

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