European Union Funding
for Research & Innovation
Join Modvion in Advancing Wind Power to Net Zero
Modvion is reshaping the future of renewable energy by constructing wind turbine towers from laminated wood – natures carbon fiber. Our innovative approach has not only been acknowledged but celebrated by the European Commission:
The Wind Of Change Project has delivered exceptional results with significant climate impact. Modvion’s project objectives have been fully achieved. The pilot delivered exceptional results in technical and commercial terms with strong potential impact.
– Horizon Europe, the EU’s funding program for research and innovation.
An Investment in Innovation and Sustainability
We’re committed to reducing carbon emissions and overall costs in the wind power industry, contributing to a climate-neutral future. The European Commission’s recognition and the realization of projects together with our partner and customers underscores the potential of our technology and the impact of our efforts.
Connect With Modvion
We invite forward-thinking investors to contact us and explore how we can collaborate to make sustainable wind power a reality. Be part of our mission to create a greener, more cost-effective energy landscape.
The equation for wind power is quite simple: Bigger is better. To be able to harness more wind energy at a cheaper price one of the best ways to reduce cost is to build taller. The winds are stronger, the turbine becomes more effective and the energy produced is more cost-efficient.
But with higher towers come big challenges – in production, transport and assembly – that the industry needs to overcome. That’s where Modvion comes in. We have the solution and the know-how to build tall wind turbine towers made of wood.
As wind towers have risen above 100 metres in height, transportation poses considerable problems, not least that the base diameters exceed the limit for transport width in most parts of the USA and the EU. Our modular concept means the towers are delivered to site in – tada – modules! A bit like IKEA for wind turbine towers.
Although the market would like to build taller towers, the cost of building tall towers in traditional materials is too expensive. The extra height squeezes the margins to the point that energy producers end up choosing shorter, less-efficient, towers.
Our solution uses engineered wood that is lighter although as strong as steel. That means extra height no longer comes with expensive reinforcements or maintenance. Building higher finally becomes both more efficient and cost-effective. In fact, using a wooden modular solution only becomes more beneficial the higher you go.
Modvion towers are built from laminated wood, where the wood itself stores carbon. In fact a wooden tower stores more carbon than it emits during production, transport and installation, making the tower carbon negative. Conventional towers are responsible for the biggest share of CO2 emissions in a wind turbine due to the use of materials like steel and concrete, that are responsible for approximately 15% of global CO2 emissions*. Simply by switching the tower you can reduce emissions for the entire wind turbine by around 25%.
*Source: New York Times
Vestas is the world’s leading producer of wind turbines and invested in Modvion through Vestas Ventures in 2021. Vestas Ventures is the platform Vestas developed to invest into external companies to challenge the status quo and achieve their long-term vision to become the global leader in sustainable energy solutions.
Almi Invest GreenTech is a venture capital fund that invests in companies that reduce emissions of greenhouse gases and solve climate and environmental challenges. The fund manages EUR 65 million and has, since its inception in 2017, invested in 34 companies, two of which have made IPOs. They invest in energy, transport, industry, advanced materials, food, agriculture and forestry, recycling and circular business models.
Established in June 2020, the European Innovation Council Fund (EIC Fund) is a breakthrough initiative of the European Commission to make direct equity and quasi-equity investments in European high impact and deep tech start-ups and scale ups. The EIC Fund aims to fill a critical financing gap and its main purpose is to support companies in the development and commercialisation of disruptive technologies.
Chalmers Ventures incubates, accelerates, and scales-up tech companies with a sustainability profile. Chalmers Ventures are one of Sweden's most frequent tech investors, ranked top-10 globally among university incubators.
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E-mail us:
info@modvion.com
Address:
Transportgatan 39
422 46 Gothenburg
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This project has received funding from the European Union’s Horizon 2020 research and innovation program under Grant Agreement No. 959151.
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