Week 33: Kitemill Secures €2.5 Million Funding

Kitemill Secures €2.5 Million Funding from EIC to Accelerate Commercialization.

Out of nearly 1000 applicants, Kitemill was one of the 68 companies to receive the prestigious EIC Accelerator grant and the sole Norwegian company to secure this support. This funding follows previous EU investments in Kitemill, including €3.35 million and €2.4 million in 2019 and 2022, respectively. Moreover, we have also secured a grant from the European Innovation Fund to demonstrate 12 systems of the KM2 model under the Norse Airborne Wind Energy Project. This latest grant was crucial in enabling us to realize this project.

Story by Kitemill

wind turbines in a body of water

Out of sight, out of mind. There is more water than land, but offshore wind farms need to watch their step

True story?

Before I start to look at terawatt-hours, net zero emission goals and global electricity production, I think the following is true.