TLDR:
- British cleantech firm GT Green Technologies secures £1.2m in seed funding for wind assist technology
- Venture capital fund OnePlanet Capital and Carisbrooke Shipping invest in the company
British cleantech startup GT Green Technologies has received £1.2m in seed funding from venture capital fund OnePlanet Capital and Carisbrooke Shipping to develop and install a demonstration of its wind assist technology concept. The company, which has a fixed wing system, has also received £3.7m in UK government grants to support its development efforts. This investment will allow GT Green Technologies to accelerate its research and development in wind solutions for maritime use.
GT Green Technologies plans to build a 20-meter prototype for land-based testing before installing it on a Carisbrooke drybulk vessel later this year. The UK has seen a growth in wind propulsion technology developments in recent years, with companies like Smart Green Shipping and Anemoi also receiving funding from the UK government for their projects. This funding will help GT Green Technologies contribute to reducing greenhouse gas emissions in the shipping industry with its innovative wind assist technology.
