Kitemill Buys KPS
Norwegian Kitemill
AS has acquired the intellectual property assets of Scottish KPS (Kite Power
Systems). Kitemill absorb the KPS assets and continue
development in Norway where they plan to set up the first airborne wind
demonstration park in Lista as early as 2021.
After several years of dialogue about industry consolidation
between KPS and Kitemill, Kitemill
has purchased the KPS intellectual property. In recent years, the Scottish
company KPS has generated significant value in its intellectual property in the
form of patents, prototypes, design reports, simulations, technical results,
market reports and more.
A lot of expertise
“It is great that we won through and had the opportunity to
buy the KPS intellectual property. It also pleases us that key previous KPS
employees are available for continued cooperation and can contribute to support
the absorption of the KPS knowledge into Kitemill.
This adds a lot of expertise to Norway, and especially on the development that
KPS has carried out regarding the ground station, airborne systems and design
tools. This adds significant value to Kitemill's
research and development values”, says Kitemill's CEO
Thomas Hårklau.
"The value of all intellectual property from KPS is
difficult to estimate for sure, but it is clear that this will set us up for
faster growth in both sales, earnings and the number of jobs," says Thomas
Hårklau.
Consolidation in the AWE industry
Airborne Wind Energy (Facts)
-
-
Accessing
large and stable energy resources
-
Higher
availability with more full-load hours every year
-
Less
than 10% materials vs conventional wind turbines
-
Significantly
reduced Capex
-
Lower
cost of energy (LCoE), indicative below 30€/MWh
-
Increases
the geographical market for profitable wind power globally
-
Flying
as a drone, reduced logistics cost
-
Kites
can fly by its selves between power plant and maintenance and service centers.
-
Maintenance
moved away from wind farm to a more suitable location
-
Re-power
of offshore wind turbines with kite turbines, with less mechanical stress can
increase the life of the foundation
Read more about Kitemill at: https://www.kitemill.com/
Contact: Thomas Hårklau, CEO Kitemill AS, +47
4683 7117, th@kitemill.no