For Quick Launch
March 8, 2023
Contact: Jen Hoover, jhoover@windharvest.com
Breakthrough Know-how For Wind Farms Begins New Crowdfunding Marketing campaign
Davis, California: This week, Wind Harvest, developer of an H-type, vertical axis wind turbine, has launched a brand new Crowdfunding marketing campaign on the SEC- authorized platform, PicMii. After elevating practically $2M on Wefunder, Wind Harvest has opened a brand new crowdfunding providing with the objective of elevating $1 million.
“Our first Reg CF choices funded us to maneuver our Wind Harvester turbine by Know-how Readiness Degree 7 (full-scale testing in industrial situations)” stated CEO and Co-Founder Kevin Wolf. “With the worth of our shares rising, this providing is a novel alternative for non-accredited traders to put money into an organization whose merchandise would be the first to open mid-level markets to improvement.”
Based on its crowdfunding web page, the corporate’s near-term objective is to convey its expertise by product certification (TRL 8) and set the corporate as much as promote generators to the tasks it has in improvement.
“With the passage of the Inflation Discount Act, tax credit will probably be locked in for ten years. Certification permits Wind Harvester tasks to qualify for the 30% tax credit and extra US manufacturing subsidies,,” said Mr. Wolf. “Being on this setting and fewer than a 12 months away from certification and gross sales is a superb time to be elevating capital for a corporation with a future as brilliant as ours.”
Wind Harvest generators are designed to seize turbulent mid-level wind that conventional horizontal axis generators can’t harvest. The corporate estimates that if H-type vertical axis wind generators are put in in California’s current wind farms and useful resource areas, they may produce 17%-41% of the inexperienced power wanted for the state to achieve its carbon-neutral power objective by 2045, and at a decrease price than different choices.
“Our challenge websites in California, Wyoming, and Barbados have nice wind assets and energy buy agreements out there that can’t be realized with conventional generators, however can with our compact Wind Harvester generators,” stated Alana Steele, Wind Harvest’s Common Counsel and COO of the Firm’s soon-to-be wholly owned subsidiary, Wind Harvest Renewables (WHR), which is devoted to challenge improvement.
Wind Harvest Worldwide, Inc. is a California-based renewable power expertise firm, based in 2006. The corporate makes, sells, and develops tasks for its Wind Harvester model of H-type generators, the one recognized product designed to reap the extremely energetic, turbulent wind that blows 15-80 toes above the bottom. Wind Harvest’s wholly-owned monetary subsidiary Wind Harvest Pilot Challenge Inc. raises funds and loans it to the mum or dad firm.
Word Relating to Ahead-Trying Statements
You might be cautioned to not place undue reliance on forward-looking statements on this launch. These statements are primarily based on the present beliefs, expectations, and assumptions of our administration and are topic to vital dangers and uncertainties which are past our capability to foretell or management and will trigger precise outcomes to vary. These danger components embrace, however will not be restricted to, the dangers recognized in our present Type C, filed with the SEC. The cautionary language in our Type C relating to forward-looking statements is integrated herein by reference and applies to the statements on this launch. All info supplied on this launch is as of March 8, 2023, and we undertake no obligation to replace this info except required by regulation.
