Energy innovation fund ENERGIIQ, Stichting ifund and Windhandel Beheer are investing €1 million each in Kitepower. The Delft-based start-up will use the funds to commercialise its innovative airborne wind energy system (AWES) and further expand its organisation. Kitepower’s mobile energy systems can be deployed in remote rural locations where harsh environmental conditions make it impossible to install conventional renewable energy systems.
As part of the ProFIT program, the Investment Bank of the State of Brandenburg (ILB) is providing a total of approximately €3.4 million for industrial research and experimental development for the realization of the first series prototype EK200 with 100 kW. EnerKíte will receive about €2.9 million directly, roughly in half as loans and in the form of grants, which include funds from the EU’s ERDF.