With over $12 million raised, Wind Harvest is a rare, privately held company at the end of the commercialization process. Their turbines will be first to utilize turbulent mid-level wind blowing from 15-80 feet above ground. The Company expects $2.5 million in sales in 2023. These historic milestones open a $300+ billion renewable resource.
With over $12 million raised, Wind Harvest is a rare, privately held company at the end of the commercialization process. Their turbines will be first to utilize turbulent mid-level wind blowing from 15-80 feet above ground. The Company expects $2.5 million in sales in 2023. These historic milestones open a $300+ billion renewable resource.
Our products and projects benefit customers, investors, property owners, and communities with lower cost, locally produced electricity.
Our first crowdfunding campaign successfully raised the capital we needed to bring our wind technology through the “pilot project” step in the commercialization process; Technology Readiness Level (TRL 7). This was accomplished when our full-scale Model 3.1 prototype was tested in industry conditions at the UL Advanced Wind Turbine Testing Facility in Texas.
We are on schedule to install two Wind Harvester 4.0-70kWs and start their certification (TRL 8) in fall of 2023. Third-party certification qualifies renewable energy products for U.S. federal tax credits and provides assurance to customers that the manufacturer’s claims are true.
We plan to invest the capital from this new Crowdfunding offering and our Series A-4 round to finance the following:
● Complete Technology Readiness Level (“TRL”) 8 – Third-Party Certification
● Install seven turbines to start TRL 9 – Bank financed purchases
● Increase our engineering, sales and administrative infrastructure
● Advance projects in our pipeline to set up $25 million in sales in 2024.
It is not often that a company at our advanced stage in the technology commercialization process remains privately held and has a vast, untapped market yet to be developed. Even less frequent is the opportunity for the average person to invest early, before the company becomes a household name, before a Series B round, or an IPO. We believe we will provide a sizable return for our investors and have a game-changing impact to help restore our climate by helping drive down the cost of renewable energy.
In the windiest places around the world, the mid-level wind is exceptionally energetic but too turbulent for traditional turbines to harvest. Over 20% of wind farms operate on ridgelines, passes, coastal bluffs, and other places where wind funnels and speeds up from 15-80 feet above the ground. But propeller-type, horizontal-axis wind turbines cannot operate well in that turbulence.
And many windy properties cannot secure permits for tall turbines because, at 300 feet and taller, traditional turbines can negatively impact views, aviation, radar, and road setback easements.
Our Wind Harvesters are H-type “vertical-axis” wind turbines (VAWT). We have invested years of work and millions of dollars in designing our technology to withstand and capture the highly energetic and turbulent mid-level wind.
Because our turbines are compact and shorter than 80 feet tall, they can be added to wind farms with minimal environmental impact and lower development costs since roads, land, and other infrastructures is already in place. And they fit onto properties where tight setback easements and view impacts prevent tall turbines from being installed.
We expect the price of each Wind Harvester to initially include an average markup of $40,000. As the manufacturing and production cost drops with increased orders, our markups and margins should improve. When banks will finance purchases by our customers, our outside sales should take off.
Fees and profits will flow to us through the multi-million dollar project our subsidiaries develop. When Wind Harvesters are bank financeable (TRL 9), we plan to borrow against our projects and use the capital to leverage new developments that buy more of our products and services.
With a suite of soon-to-be-pending patents, one of our strategies is to make money from licensing our IP to others in order to accelerate the rate at which mid-level wind turbines are installed worldwide. These wide-open markets are so large, no one company can supply the demand.
With the need for climate restoration increasing the urgency at which governments and economies transition to renewable energy, hundreds of thousands of our compact Wind Harvesters can be installed where traditional turbines cannot go. The biggest market is in new and existing wind farms with excellent mid-level wind blowing below 80 feet above the ground.
Wind Harvesters will often double, sometimes triple or more, a wind farm’s energy output. They will open at least an existing $250 billion undeveloped market that should double over the next decade. Studies from CalTech and other universities show that Wind Harvester-type turbines should work synergistically with the much taller turbines to cause the wind to speed up into each other’s rotors and increase the energy output of the tall turbines.
In many places, the mid-level wind will be the least expensive most easily developed energy available. It is low-hanging fruit ready for harvesting.
We will sell many Wind Harvesters to customers who can’t use tall propeller-type machines.
– With our compact turbines, high energy-using facilities with tight setback easements can add MWs of wind energy to increase reliability and lower costs.
– Airports and Air Force Bases can add our turbines because they won’t negatively affect aviation or radar.
– Owners of windy properties can lease their land to developers who buy our turbines often along with batteries and solar panels.
– Telecom towers on windy ridgelines can use less expensive energy from our turbines. Tall turbines impact views and often can’t go into these difficult-to-reach places.
Because wind often blows at night, our turbines can operate seamlessly with solar and storage. Projects that include Wind Harvesters can supply more dependable, low-cost clean energy to local distribution grids and help residents and businesses avoid extreme weather-induced blackouts.
Due to regulatory setback requirements, projects with tall turbines often reaching over 300 feet above the ground cannot secure permits where mid-level winds are powerful.
Based on research, no potential competitor has yet reached Technology Readiness Level 6 with a full-scale H-type VAWT prototype. If any decide to enter the turbulent mid-level wind market, they are likely at least a couple of years or more behind us.
Turbine companies like GE and Vestas will almost certainly join the field once Wind Harvesters are certified to work in turbulent wind. Our strategy with them is “co-opetition”. We plan on licensing our IP to competitors. Without licensing the use of our patents, they won’t likely be able to make VAWTs as inexpensively and durably as ours.
The mid-level market is too massive to build out on our own. Making a little from the many sales of others should provide a large source of additional profit.
In 2023, we expect to sell 7 turbines to projects we have in development. Each project is in a mid-level wind market that can open significant new opportunities for future sales.
Before we can sell thousands to wind farm owners and developers, we need to prove that our turbines are wildlife friendly, compatible with tall turbines, and bank financeable. This will likely be accomplished in 2025. In the meantime, we are developing projects that open up new distributed energy and other markets.
For example, our pilot projects in Barbados will provide critical data for the “cumulative environmental impact analysis” that is needed before hundreds of Wind Harvesters are installed in renewable energy and desalination projects in the windy parishes of this lovely tropical island.
This is a two or three phase project starting with a 2 turbine pilot project in 2024. Then, with funds available from both the state of California, the USDA and other governmental sources advancing more reliability to small towns like Rio Vista CA, we believe this will expand into a W, $4-$50 million project that will combine our turbines with solar and batteries to significantly increase electrical reliability for the nearby town of Rio Vista.
Led by local Bajan Dr. Ariana Marshall, we are advancing initial pilot projects and an overall plan to install hundreds of our turbines throughout the windiest parts of the island by 2030. When these projects produce more energy than the grid can accommodate, they can support desalination modules to ease the island’s droughts.
Wind Harvest International Inc. through its subsidiary Wind Harvest Pilot Project Inc. has conducted a Regulation CF/506c offering in 2020-2021 that raised $1.94M. It conducted a second Reg CF/506c offering starting in October 2022 that ended in January 2023 and raised $470,000.
Promissory Notes offered by Wind Harvest Pilot Project Inc. come with a Security Guaranty from the parent company Wind Harvest International Inc (WHI). The first $100,000 in Notes receive an 8% interest. The remaining Notes receive a 7% interest payment made annually 60 days after the end of the year. The Notes have a Maturity Date of Dec. 31, 2027. For each $1 invested, the Note Holder receives pro-rata proceeds from the sale of 2.5 shares of WHI common stock from warrants with an exercise price of $0.01 each. The current share price is $0.09 each.
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A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.
In making an investment decision, investors must rely on their examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.
These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
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The information contained herein includes forward-looking statements. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Profit Share Kicker: For each $1 invested, the Note Holder receives pro-rata proceeds from the sale of 2.5 shares of WHI common stock from warrants with an exercise price of $0.01 each.
*If the sum of the investment commitments does not equal or exceed the minimum offering amount at the offering deadline, no securities will be sold and investment commitments will be cancelled returned to investors.
Our products and projects benefit customers, investors, property owners, and communities with lower cost, locally produced electricity.
Our first crowdfunding campaign successfully raised the capital we needed to bring our wind technology through the “pilot project” step in the commercialization process; Technology Readiness Level (TRL 7). This was accomplished when our full-scale Model 3.1 prototype was tested in industry conditions at the UL Advanced Wind Turbine Testing Facility in Texas.
We are on schedule to install two Wind Harvester 4.0-70kWs and start their certification (TRL 8) in fall of 2023. Third-party certification qualifies renewable energy products for U.S. federal tax credits and provides assurance to customers that the manufacturer’s claims are true.
We plan to invest the capital from this new Crowdfunding offering and our Series A-4 round to finance the following:
● Complete Technology Readiness Level (“TRL”) 8 – Third-Party Certification
● Install seven turbines to start TRL 9 – Bank financed purchases
● Increase our engineering, sales and administrative infrastructure
● Advance projects in our pipeline to set up $25 million in sales in 2024.
It is not often that a company at our advanced stage in the technology commercialization process remains privately held and has a vast, untapped market yet to be developed. Even less frequent is the opportunity for the average person to invest early, before the company becomes a household name, before a Series B round, or an IPO. We believe we will provide a sizable return for our investors and have a game-changing impact to help restore our climate by helping drive down the cost of renewable energy.
© 2023 PicMii Crowdfunding.
