14 Sep '11, 12pm

GE, Khosla, CMEA, Statoil Bet on the Future of Wind: GE Energy Financial Services, venture firm CMEA Capital,

GE, Khosla, CMEA, Statoil Bet on the Future of Wind: GE Energy Financial Services, venture firm CMEA Capital,

GE Energy Financial Services, venture firm CMEA Capital , Statoil Hydro of Norway, and Khosla Ventures just put up a $15.1 million second round of funding for permanent magnet generator (PMG) specialist Danotek Motion Technology , reaffirming that the PMG is the future of the wind turbine power train. It is a heavyweight list of backers. All have strong renewables portfolios. CMEA Capital, said partner Rachel Sheinbein, has been looking for wind investments but Danotek is the first opportunity substantial enough to win funding. “We see that there is innovation needed in wind,” she explained, mentioning the potential for advances in blades and wind measurements and analytics as well as drivetrain technology, “which is what Danotek addresses.” PMG technology will become “the dominant wind turbine drivetrain technology,” Sheinbein said “All the major manufacturers have some p...

Full article: http://www.greentechmedia.com/articles/read/GE-Khosla-CME...

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