Four renewable energy venture capital firms will invest a combined $13.2 million in Danotek Motion Technologies to help advance more efficient, reliable and affordable wind turbine technology.
G.E. Energy Financial Services, CMEA Capital, Khosla Ventrues and Energy Capital will partner for co-investments in Danotek, marking the first time the four firms formally established mutual interest in a single company.
Overall, Danotek’s technology enables wind farm owners to harvest 15 percent more energy on average, providing approximately $1 million in additional revenue over the life of the turbine.
