British Vertical Wind Energy company accessing finance to commercialise products

Vertical Wind Energy, a designer, manufacturer and installer of vertical axis, small wind systems has secured £880K of funding from new lead investor the South East Seed Fund, alongside Angel Investors from the South East Capital Alliance (SECA), managed by Finance South East (FSE). Existing investors Clarendon Fund Managers and Northstar Equity Investors completed the funding round.

With two products independently signed off as ready to sell, this investment is designed to allow the Company to actively promote, sell and install turbines across the UK and Ireland. The products are currently in the Government’s micro-certification scheme and are being verified and analysed by the appointed agency TUV (NEL).

Vertical wind Energy, based in Horsham, in the United Kingdom, began the development of its vertical axis systems in 2007. The products have undergone significant testing and multiple design iterations since then. All the while the key focus has been to deliver to the market a product that is cost effective, safe and meets all the design requirements for small wind systems. With the UK Government introducing the "Feed-in-Tariffs" in April of this year the rate of return for customers installing wind turbines has significantly increased.

For further details about Vertical Wind Energy please visit http://www.vweltd.com

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Posted 2010-11-22 14:00:20