Business
“Stronger than steel”: Vestas invests in wood wind turbine tower maker – RenewEconomy
Wind energy giant Vestas invests in Modvion, which specialises in making wooden wind turbine towers that it claims are “stronger than steel”.
Danish wind energy giant Vestas, through its corporate venture capital arm Vestas Ventures, has invested in Swedish wood technology company Modvion, which specialises in making wooden wind turbine towers that it claims are stronger than steel.
In April 2020, Modvion successfully erected Swedens first wooden wind tower, a 30-metre wooden wind tower that the company will use for research purposes ahead of plans to build their wooden turbine towers at a commercial scale starting in 2022.
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