Plans for one of the world’s first kite power stations in south west Scotland have secured £5m of new investment. Kite Power Systems (KPS) has gained backing for its project at West Freugh near Stranraer from E.ON, Schlumberger and Shell Technology Ventures (STV). Paul Jones of the company said it was an “endorsement” of its research and development work on the technology. A demonstration system will be put in place next year with further systems planned in years to come. The technology uses two kites tethered to spool drums and as they fly they turn the drums to produce electricity. A full-sized kite could generate two to three megawatts of electricity, which KPS said was comparable to a 100m conventional wind turbine. The company has said it could eventually employ up to 500 people by 2025.
BBC 13th Dec 2016 read more »
The business world is pressing ahead with the switch from fossil fuels to renewable energy despite the election of climate change denier Donald Trump as the next US President. Royal Dutch Shell, fellow oil firm Schlumberger and energy giant Eon have announced they will invest in a novel form of wind energy – high-altitude kites. This comes after Microsoft founder Bill Gates and other leading business tycoons, including Richard Branson, Jeff Bezos and Jack Ma, revealed they had set up a fund worth more than $1bn (about £790m) to invest in clean energy. And new figures revealed investors are pulling ou t of fossil fuels at an increasing pace, with funds held by institutions and individuals committed to divestment doubling to $5 trillion. Google is also planning to run entirely on renewable energy within a year.
Independent 13th Dec 2016 read more »
Kite Power Solutions plans to open the country’s first kite-driven power station in Scotland next year. A pioneering British company that plans to open the country’s first high-altitude wind generation plant has won the backing of oil majors E.ON, Shell and Schlumberger. The three companies have invested £5m in Kite Power Systems’ (KPS) pioneering project to bring “kite power” to UK shores, with plans to deploy the first system next year in Scotland well underway. KPS said the investment, announced yesterday, will be used to support the technical and commercial deployment of the technology, which uses giant kites to harness wind energy at higher altitudes than traditional wind turbines.
Business Green 14th Dec 2016 read more »