Danish Firm Signs Licensing Deal With U.S. Wind-Power Developer

SheerWind's wind funnel technology will have first pilot project in Denmark later this year

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May 07, 2015, 08:35 ET

MINNEAPOLIS, May 7, 2015 /PRNewswire/ -- SheerWind Inc., a Chaska, Minnesota, USA based developer of wind-power systems, has signed a licensing agreement that will allow its technology to be marketed and deployed in Denmark.

The agreement will enable wind-power developer E-Venturi to introduce SheerWind's INVELOX wind delivery system to potential customers in Denmark. The first pilot project is expected to be built in Denmark before the end of the year.

SheerWind is Changing the Course of Power Generation

The INVELOX technology is a cost-effective, high-performance alternative to conventional wind technology. The system uses no above-ground propellers. Instead, it employs a funnel-driven system that captures the wind and brings it to ground-level power turbines and rotors for safer, easier and cheaper operation and maintenance.

The technology is safe for humans and wildlife, requires less maintenance than conventional wind systems, and produces more electricity per dollar invested than conventional systems.

E-Venturi, based in Slagelse, Denmark, will be the first company to market SheerWind's technology in Europe.

Denmark leads the world in wind energy penetration, with 39.1 percent of its electrical consumption coming from wind power. The Danish government plans to quadruple wind power production by 2050 and is pursuing a goal of complete independence from fossil fuels.

"Denmark has a long history of introducing ground-breaking wind technology, and we are pleased to continue that tradition by making available within our company SheerWind's better way to harvest wind energy," said Lars Lindebjerg Peterson, the CEO of E-Venturi. "We plan to market this innovative solution to some of the world's leaders in renewable and environmental advancements, and expect it to aid Denmark in reaching its renewable energy goals."

"Today's announcement is great news for SheerWind, for Chaska, and for Minnesota," said Governor Mark Dayton. "I congratulate SheerWind for its success. It is exciting to see another innovative Minnesota business leading our state into the global marketplace."

"We are thrilled to have the world's wind leader distributing our technology. This is incredible validation of our technology and we look forward to a prosperous relationship that benefits both our countries for years to come," said George Manos, the president of SheerWind.

About SheerWind: Founded in 2010 in Chaska, MN, USA SheerWind is changing the course of power generation. With its patented INVELOX technology, SheerWind is poised to turn wind power into a major power source for the globe. For more see: sheerwind or SW facebook

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