NewEnergyNews: Scotland Buys Into Kite Wind

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    Friday, June 23, 2017

    Scotland Buys Into Kite Wind

    Scottish bank invests in Kite’s novel technology for wind energy sector

    23 June 2017 (Energy Business Review)

    “Kite Power Systems (KPS), a UK-based company developing a disruptive technology for the wind energy sector has secured a £2m equity investment from the Scottish Investment Bank (SIB)…The company’s new kite power technology developed in Scotland is claimed to have the potential to transform the offshore wind generation industry throughout the world…[with] low manufacturing costs and lesser requirement of construction and installation materials…Its power system comprises two kites which have the ability to fly up to a height of 1500ft. By using tethers, the kites are attached to a winch system that produces electricity as it spools out…KPS has been carrying out flight tests of its 40kW system in Scotland…[and got] planning consent for the deployment of a new 500kW power system…[I]ts power technology can be deployed both offshore and onshore. Power generation through its kite technology would not need subsidies from governments owing to the lower capital and operational costs it is associated with…[SIB joins E.ON, Schlumberger, and Shell Technology Ventures with a total investment of £7m]...” click here for more

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