United Wind, a Brooklyn, New York-based provider of distributed wind energy solutions, closed an $8M Series B financing.
The round was led by Statoil Energy Ventures and Forum Equity Partners.
The company intends to use the funds to offer its WindLease program to new markets.
Led by Russell Tencer, Founder and CEO, United Wind is a provider of low-cost distributed wind energy through its WindLease program to customers throughout the Midwestern U.S.
The company was formed in 2013 as a combination of assets from Talco Electronics and Wind Analytics. Talco, founded in 2000, sold more than 150 turbines and was the distributor of small wind turbines in the United States. Wind Analytics, founded in 2009, offered a third-party verified remote wind speed analysis tool, empowering potential small wind turbine owners with a low-cost site assessment.
FinSMEs
07/03/2016