Magenn seeks VC money, demonstration site for “air rotor”

Hamilton%2C%20Tyler45X64.jpgPosted by Tyler Hamilton
My Clean Break column this week offers an update on Ottawa-based Magenn Power, which is trying to create a new category for wind-power generation. The company’s Magenn Air Rotor System, or MARS, is basically a blimp tethered to the ground that spins on a horizontal axis as the wind blows. Because it can be deployed anywhere and the fact it can tap higher altitude winds that are stronger and more consistent makes it ideal for a number of applications where conventional turbines might not make sense. That’s assuming, of course, that it works. And that’s where the story continues. Magenn hoped to test out the system in an Ontario provincial park, and when that idea didn’t fly, it turned its attention to a fish hatchery near Thunder Bay. But it couldn’t get funding to go ahead. At the same time, the company is trying to securing a second round of financing that could bring it closer to commercialization. It would be a shame if Magenn couldn’t at least demonstrate the technology so we could see if the system can live up to its potential.

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