Deerpath Energy raises $3.5M for small wind turbines
Deerpath Energy, a Marblehead, Mass.-based developer of micro-wind turbines, has raised $3.5 million in funding from RockPort Capital Partners. Little else is known about the wind startup, which was founded earlier this year by Kellogg Warner.
The company seeks to carve itself a niche in the booming wind market by appealing to small communities and businesses. By focusing on small, community-scale projects, Deerpath would largely avoid many of the logistical issues and costs attendant to building large wind turbines, such as local zoning restrictions, transmission constraints and high upfront capital investment.
Deerpath would spread micro-wind turbines across the existing infrastructure of small cities or communities so as to maximize wind energy production. This is similar to the approach adopted by San Francisco Mayor Gavin Newsom, who recently issued an executive order paving the way for the installation of small turbines throughout the city.
Its turbines will place wind energy within the reach of a much larger number of businesses and cities and could help drive down the costs of wind energy by spurring a shift away from only large-scale projects and increasingly toward smaller, community-integrated projects.
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About the Author, Jeremy Jacquot
Jeremy Jacquot is a doctoral student at the University of Southern California who is studying watershed management and global biogeochemical cycling. He previously studied marine biology at UCLA where he earned his B.S. in 2005; he is the Los Angeles correspondent for TreeHugger, where he focuses on science/technology and business news.