Boulder Wind Power has developed a patented direct‑drive wind turbine generator that uses dysprosium‑free permanent magnets and engineering changes that reduce structural steel and eliminate laminated electrical steel. The company says turbines using its generator can produce electricity for as low as $0.04 per kilowatt‑hour. Boulder Wind Power plans to serve as a technology provider to wind turbine manufacturers, supplying its patented generator and electronics and offering turbine design services to integrate its technology. The firm markets its next‑generation technology as simpler, more efficient, and lower maintenance than alternative wind turbine technologies. Boulder Wind Power is a private, venture‑backed company based in Boulder, Colorado. Its recent financing activity includes a $35 million capital raise in which strategic and venture investors participated. Boulder Wind Power develops a direct-drive utility-scale wind turbine technology intended to lower the cost of wind-generated electricity. The company was co-founded in 2009 by Sandy Butterfield, Jim Smith and Matt Jore. Sandy Butterfield serves as co-founder and CEO. The company announced Tim Connor has joined as Vice President of Business Strategy and CFO. Boulder Wind Power raised $8M in a Series A financing and intends to use the funding to complete development, testing and commercialization of its direct-drive technology for utility-scale wind power.

Total raised

$43M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2011