Modvion SIGNED

Project "Modvion" data sheet

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 Partnership

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Map

 Project objective

Modvion AB is a company founded in 2016 with the purpose of developing and constructing a wood-made modular wind turbine tower. Further to its founding, the Modvion team grew constantly, highly specialized people joining the company. This led to the development of our first patent and to other patent application with pending status. We are bringing to market a modular wind turbine tower made from laminated wood (LVL). Our technology allows towers to have a larger diameter base which increases its strength properties and supports a larger tower. By using engineered wood such as LVL, we are able to develop a structure 53% stronger than its steel counterpart and be part of getting wind turbines to even larger heights. Our turbine tower can go well beyond 150 meters in height and can support a 350 tons heavy nacelle and turbine. Our turbine tower outperforms existing solutions on the market, such as steel and concrete wind towers, in terms of specific strength, operational costs, maximum height and many more. In terms of environmental impact, our product shows a zero impact and, compared to alternatives, this impact goes well beyond what is available on the market. As a system made of wood, our turbine tower hold the CO2 captured by trees during their growth and trapped in the tower. The amount of CO2 trapped in a Vultus tower is of 2,000 tons (in a 150-meter tower) The main target of this Phase 1 is to improve our business plan, focusing on updating a previous market assessment. We want to update our business model based on the changes in the renewables market, with risk and IP assessment as secondary analyses.