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.
Exciting news: UW receives the biggest single investment in small wind – $200 million from Forum Equity Partners https://t.co/QCLhCpLJtg
— United Wind (@United_Wind) January 5, 2016