GE Finances Wind Tech Startup

by Terrence Murray - August 31, 2011

Danotek, a wind technology developer, has raised $15 million from GE Energy Financial Services and other early-stage green power investors.

Danotek’s magnetic technology captures the mechanical energy produced from wind blades and converts it into electricity.

Joining GE in this Series B are Khosla Ventures, CMEA Capital, and Statoil Technology, a unit of the Norwegian national oil company.

Earth2Tech reports that Danotek expects its technology will enable wind turbines to capture an average of 15 percent more energy than current, standard  turbines.



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