American Superconductor Corporation (AMSC) bought for $ 8 million, 25% stake of Blade Dynamics Ltd, a company that designs and manufactures wind turbine blades.
Dow Chemical Company, made a minority equity investment by Venture Capital group in Blade Dynamics, headquartered in the UK.
"Blade Dynamics has developed unique and proprietary structural designs and manufacturing methods aimed at overcoming critical barriers that are facing today’s wind industry", says Blade Dynamics Founder and CEO Paul Rudling.
AMSC Founder and CEO Greg Yurek, adds: "The design and manufacturing processes for wind turbine blades have remained fundamentally unchanged for 20 years".
"Today, however, the market is migrating to higher wind turbine power ratings. Onshore wind turbines now exceed 2 MW in many locations, and offshore wind farm developers are increasingly seeking wind turbines with power ratings exceeding 5 MW. Blade Dynamics presents us – and the entire wind industry – with a game-changing wind turbine blade technology that enhances performance and reduces weight and cost for high power wind turbines".
