Startup gets funding for new kind of wind turbine and expansion of its assembly plant in Pocatello, Idaho.- Nordic Windpower

Energy economics and concern over climate change have made wind a candidate for "Next Big Thing" status, with a Berkeley-based startup called Nordic Windpower http://www.nordicwindpower.com/ angling to play a leading role. Within a few years, Nordic Windpower CEO Tom Carbone says, Californians may expect to see vistas altered by the erection of 300-foot-tall turbines equipped with two enormous blades that rotate more slowly than their three-bladed cousins.

Just one of Nordic Windpower’s 1-megawatt turbines, Carbone said, can do the work of 8 to 10 of the Altamont models — and produce enough power for 250 to 300 households. Nordic also claims that its technology is more durable and reliable than rival two-blade turbines.

By Scott Duke Harris

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Full Story: http://www.mercurynews.com/business-headlines/ci_14136302?nclick_check=1

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Nordic Windpower Raises US $38M in Equity

Earlier this year, Nordic received a conditional commitment for a US $16 million loan guarantee offer from the U.S. Department of Energy (DOE), supported through the 2009 American Recovery and Reinvestment Act. The company plans to use the funds released by the U.S. Federal Financing Bank to support the expansion of its assembly plant in Pocatello, Idaho.

Full Story: http://uk.reuters.com/article/idUK246816678920100106