Print
Email
Print Edition StoriesWednesday, September 9, 2009
Connecticut Innovations directs $1M to Optiwind
By Mass High Tech staff
MHT's Efrain Viscarolasaga: Tech companies may have to wait for stimulus funds
MHT's Efrain Viscarolasaga: Preparing the smart grid for more power
MHT's Efrain Viscarolasaga: Solar installation booms in New England
Optiwind Corp., a Torrington, Conn.-based developer of wind turbines, has received $1 million from Connecticut Innovations, the state’s quasi-public authority on technology and innovation investment. The backing comes from the agency’s Connecticut Clean Tech Fund, which partners CI with the state department of economic and community development (DECD) and the Connecticut Clean Energy Fund (CCEF).
Optiwind develops a rotating wind turbine that adjusts to always face prevailing winds. The design involves one revolving cylinder with six or 12 mid-size wind acceleration turbines mounted on it. The design enables the turbine to maximize power generation under less-than-ideal wind conditions.
Optiwind designs its turbines for schools, factories, large retailers, offices and other facilities.
Created by the Connecticut Legislature in 1989, Connecticut Innovations is charged with stimulating the tech industry in the state. The group turns any profits it makes from investments back into a pool used to invest in new companies. Since 1995, it has funded more than 100 companies and generated more than $510 million in gross profits to the state, according to officials.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
