Makani Power is seeking to harness high-altitude wind energy to produce energy at an unsubsidized real cost significantly below that of the least expensive coal-fired power plants, the current benchmark of the lowest cost source of power. Along with solar, wind represents the only renewable source of energy that is substantially larger than the world’s current energy needs. Moreover, of all of the renewable energy technologies (wind, solar, tidal, hydroelectric, biomass, geothermal), high-altitude wind has the largest energy per square foot. Capturing a small fraction of the global high-altitude wind energy flux could be sufficient to supply the current energy needs of the globe. Makani is developing high-altitude wind energy extraction technologies aimed at the most powerful wind resources.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 10/10/06 | Series A | 10M | Stuart Mill Venture Partners | Unknown |
| 01/01/08 | Series B | 5M | Unknown |