GreenSpur
The solution to the Rare Earth problem in Offshore Wind.
The solution to the Rare Earth problem in Offshore Wind.
GreenSpur is a UK-based startup addressing the rare earth problem in offshore wind energy with its rare earth-free generator. The company was founded in 2014 and has recently secured a £666.24K Seed Round investment from Green Angel Ventures, Chris Heminway, and Fund Twenty8 in April 2018. The offshore wind industry is set to expand significantly by 2030 and 2050, posing challenges due to the forecasted shortage in rare earth magnets. GreenSpur aims to combat this issue by offering a solution that eliminates rare earth magnet risk from offshore wind generators. Their innovative technology has been successfully tested at the Offshore Renewable Energy Catapult in Blyth, UK. GreenSpur is seeking investors and co-development partners to commercialize their generator and contribute to a long-term net-zero solution. With a focus on sustainability and scalability, the company is poised to make a significant impact in the energy and renewable energy industries.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | £666.24K | 3 |
|
06 Apr 2018 |
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