Dumbo wind startup raises $200 million to fund massive expansion - Technical.ly Brooklyn

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Feb. 19, 2016 12:30 pm

Dumbo wind startup raises $200 million to fund massive expansion

Small-scale turbine maker United Wind is going from 26 current projects to 1,000 projects.

A familiar view of the Manhattan Bridge from Dumbo.

(Photo by Flickr user Wally Gobetz, used under a Creative Commons license)

The big news in funding last month was that Dumbo-based United Wind raised $200 million from Toronto-based Forum Equity Partners.

United Wind is a Dumbo-based wind turbine and energy analytics company. They came about from a 2013 merger between the turbine company Talco Electronics and the energy analytics company Wind Analytics.

With 26 current projects, the funding will allow United Wind to expand to 1,000 projects, according to Reuters. United Wind sells small turbines, which can be used for energy on-site, allowing for distributed generation. This helps businesses (and people) be less dependent on the power grid.

“The funding is a vote of confidence not only in the Brooklyn, New York-based startup, but in the nascent market for wind energy that is both produced and used on site,” Reuters said.

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