Kite Power Systems (KPS) – the renewable eneergy company developing innovative new kite power technology in Scotland – has secured a £2 million equity investment from the Scottish Investment Bank. The £2 million investment makes SIB the latest investor in Kite Power joining E.ON, Schlumberger and Shell Technology Ventures, who announced a combined £5 million investment last year. This latest investment was confirmed by MSP Keith Brown, Scottish Industry Minister, on a visit to Kellwood Engineering in Dumfries, where Kite Power’s latest 500kW demonstration model is being manufactured and assembled. Earlier this year, Kite Power re-located from Essex and consolidated all of its activities in Scotland, establishing a research and test facility near Stranraer and a head office in Glasgow.
Scottish Energy News 23rd June 2017 read more »