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Modvion again recognized by Dagens Industri, the largest business newspaper in the Nordic region

  • 21 september 2023
  • News

Dagens Industri wrote this week once again about Modvion’s groundbreaking technology; to build wind turbine towers in laminated wood. The company’s first commercial tower is now under construction on Skaraslätten, just over a mile from Skara.

With the construction of the world’s tallest wind turbine tower made of wood, Swedish wood technology company Modvion is now ready for its big breakthrough, according to CEO Otto Lundman. With gigantic wooden towers and, among others, wind power manufacturer Vestas in the owner list, the goal is to become a major player in the global wind power market.

Modvion’s tower is built with a turbine from Vestas and the tower will have a total height of 150 meters.

This is a hugely important step for us, partly because it is our first commercial installation and partly because it shows that our unique technology really works even on a large scale, says Otto Lundman, CEO and co-founder of Modvion.

To finance the next step in the development, Modvion is now planning a new funding round of just over SEK 200 million, aimed at existing and other major investors. We see great interest and are optimistic about success.

 

Facts on wooden wind turbine towers can be found here.

High-resolution press images from Modvion can be found here

About Modvion
Swedish wood technology company Modvion develops demanding designs made of laminated wood, nature’s carbon fibre, for large-scale applications. Wooden designs enable radical reductions in emissions by replacing emission-heavy materials such as steel and concrete. Thanks to their patented module system, Modvion has been able to develop cost-effective wind turbine towers and more efficient transportation for installations of tall towers. The operation is part-financed by the Swedish Energy Agency, the Västra Götaland region, and the EU program Horizon 2020 EIC Accelerator.

Author:

Ulla Hedman

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The future is wooden

Modvion provides the wind power industry with the solution needed to build tall wind turbine towers. When the height of a tower doubles, the effect from the turbine quadruples.

The market predictions are 30 000 new turbines per year. And every wind turbine needs a tower.

Our modular wooden solution provides the world with tall towers that are not only close to climate neutral, but also stores CO2 during its lifetime. That’s why we’re confident that our patented, modular solution is the way for wind power to reach it’s full potential.

Go check out our projects…

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On 14 May 2025, Modvion had the honour of participating in Sweden’s National Day celebration at Expo 2025 Osaka as part of Team Sweden —...
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Modvion announces new CEO, Maria-Lina Hedlund

The wood technology company, Modvion, that designs, supplies and installs wind turbine towers made of wood is embarking on a new chapter. Maria-Lina Hedlund, previously...
22 april 2025
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Modvion Nominated for New Swedish Innovation Award: The Pioneer Prize

Swedish innovation is once again taking the global stage—this time through the newly launched Pioneer Prize – the beauty of Swedish innovation. Among the eight...
11 mars 2025
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Varberg Energi´s Wooden Wind Turbine Tower Marks a Year of Sustainable Power

(Swedish below) It has been a year since Modvion’s first commercial wooden wind tower was handed over to Varberg Energi. Over the past 12 months,...
10 mars 2025
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Bloomberg News: Vestas-Backed Startup Plans Soaring Wooden Wind-Turbine Tower

The leading business news outlet, Bloomberg, writes an article on Modvion's new wind turbine tower design - Vestas-Backed Startup Plans Soaring Wooden Wind-Turbine Tower. Sweden’s Modvion AB has...
7 mars 2025
  • Press Release

Modvion unveils wooden wind turbine tower for the largest onshore turbines.

The wood technology company Modvion is now announcing its new wooden wind turbine tower, engineered for the largest onshore wind turbines. The tower has been...

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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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