Wind Harvest is on the verge of completing the commercialization process to bring thousands of its turbines to the world. It has raised $20 million so far and expects to close its current $10 million Series A4 round before December. PicMii investors will augment that raise. This crowdfunding offering will end at the same time. New capital will certify the Wind Harvester 4.0, and advance $40 million in projects for installation in 2024 and 2025. Achieving these milestones will significantly increase the valuation of the Company.
Wind Harvest is on the verge of completing the commercialization process to bring thousands of its turbines to the world. It has raised $20 million so far and expects to close its current $10 million Series A4 round before December. PicMii investors will augment that raise. This crowdfunding offering will end at the same time. New capital will certify the Wind Harvester 4.0, and advance $40 million in projects for installation in 2024 and 2025. Achieving these milestones will significantly increase the valuation of the Company.
Our turbines are relatively simple machines:
– Extruded, mass manufactured aircraft aluminum blades
– Patent pending components make them more aerodynamic, and cheaper to assemble and install
– The hexagonal mast (below) saves money and makes bolting to flat surfaces easy
– Semi-skilled labor can assemble and install our turbines
– Many companies can make Wind Harvester components locally
We installed and field-tested many prototypes to learn all that we have about VAWTs. Most of our new pending patents have their roots in the work of co-founderBob Thomas and his son Dean on the Windstar prototypes and the breakthrough 530G array in Palm Springs that proved the Coupled Vortex Effect.
Led by renowned wind turbine engineer Dr. David Malcolm, with 40 years of vertical and horizontal axis wind turbine experience, our engineering team used data from the operation of Wind Harvester prototypes to confirm the accuracy of our computer models. This validation was a historic milestone for Wind Harvest and H-type VAWTs
With our crowdfunding offerings we raised the capital needed to make, install and test our Wind Harvester 3.1 at the UL Advanced Wind Turbine Testing Facility in Texas. There the turbine completed Technology Readiness Level (TRL 7), operating a full scale prototype in industry conditions with highly turbulent wind.
We are now on schedule to install two 4.0 Wind Harvesters and complete their third-party certification (TRL 8) in the summer of 2024.
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.
Many windy properties cannot secure permits for tall turbines because, at 300 to 500 feet tall, traditional turbines can negatively impact views, aviation, radar, and road setback easements.
Our short (60-90’ tall) turbines do well in turbulence because they have two arms per blade and their drive shaft and central mast are aligned vertically. Our “aeroelastic” modeling results prove its effectiveness.
To survive the gusts and craziness in the wind layers closer to the ground, a vertical axis wind turbine with an all steel rotor and aluminum blades is needed.
Our field-validated modeling predicts that we made the Wind Harvester 4.0’s blades, rotor, tower, and foundation so strong that they will last 70+ years. The turbines’ permanent magnet generators and drive shafts will also last that long with regular refurbishing. At the end of its life, 99% of a Wind Harvester is recyclable metals.
Wind Harvester Sales as Initial Primary Revenue Stream: The sale price of each Wind Harvester will initially include an average markup of $60,000. Our own projects and most new customers will pay extra for extended product warranties and 24/7 fault monitoring. Both income streams increase with larger projects and sales.
Subsidiaries and Projects: Development fees and project profits will flow to Wind Harvest through subsidiaries. Being first to the mid-level wind market allows us to secure site control of important, windy properties that will feed our project development pipeline for years.
Licensing of Intellectual Property: With seven pending patents, we believe any competitor will need to license our IP in order to make VAWTs that can withstand turbulence. We don’t show it in our financial projections below, but anticipate more net income will come from licensing our IP to wind turbine manufacturers than through our own sales and projects.
The need for climate restoration increasing the urgency at which governments and economies transition to renewable energy. With the new tax credits and subsidies for wind turbines, we believe hundreds of thousands of our compact Wind Harvesters and other VAWTs that use our patents will be installed beneath and around tall turbines in new and existing wind farms over the next decade.
Wind Harvesters and traditional turbines can synergistically work together. They can be placed such that they cause the wind to speed up into each other’s rotors. The faster the wind passes through a turbine’s rotor, the more energy it produces.
Adding our turbines to harvest the unused mid-level wind will sometimes triple or more a wind farm’s energy output. Our products open an existing $400 billion undeveloped market that should double over the next decade.
In many places, Wind Harvester projects will be the least expensive, most easily developed energy available.
We will sell many Wind Harvesters to projects that connect directly into the distributed grid where the wind is substantial and tall turbines can’t go. Examples include:
– High energy-using facilities with tight setback easements
– Airports and military bases where HAWTs cause radar problems
– Islands like Barbados with great trade winds
– Telecom towers on windy ridgelines and hill
Scientists expect that the three-dimensional structure and lower blade tip speeds of H-type VAWTs will make them more likely to be seen and avoided by birds and bats. Our projects will test this by using advanced motion detection technology to record interactions and slow or even stop our turbines before flying wildlife have a chance of being harmed. We intend to have the most wildlife-friendly wind technology available.
Wind Harvesters will be the first utility-scale VAWT designed to operate in turbulence. Other turbine manufacturers are working on entering the field but will need to use our patents to make big and durable VAWT’s.
Licensing and strategic collaboration offers Wind Harvest a way to leverage other companies’ expertise, capital, and experience to dramatically increase company revenue and support the growth of wind energy. The wide open, mid-level wind market is so vast that major international companies will attempt to make their own VAWTs. They will find it more profitable and faster to license our patents.
Being Safe for Wildlife Opens New Markets
Scientists expect that the three-dimensional structure and lower blade tip speeds of H-type VAWTs will make them more likely to be seen and avoided by birds and bats. Our projects will test this by using advanced motion detection technology to record interactions and slow or even stop our turbines before flying wildlife have a chance of being harmed. We intend to have the most wildlife-friendly wind technology available.
Our first sale will include the Model 3.1 and five Wind Harvester 4.0s at the UL Advanced Wind Turbine Testing Facility in Texas. This $3 million dollar project will be sold to a new company called Wind Harvest 2023 Project LLC and will be eligible for almost $1M in tax incentives.
Before we can sell thousands of Wind Harvesters to wind farm owners, we need to prove that they are wildlife friendly, compatible with tall turbines, and bank financeable. We are on schedule to accomplish this in 2025. In the meantime, we are developing projects that open up new distributed energy markets with our turbines.
For example, our first pilot projects in Barbados will provide critical data for the “cumulative environmental social and economic impact analysis” that is needed before hundreds of Wind Harvesters are installed in this small country.
Dr. Ariana Marshall, the Caribbean Sustainability Collective and Eco-op School have been leading our efforts. Short Wind Harvesters will be important to producing inexpensive energy for Barbados and other tradewind islands so they can transition away from expensive diesel generation. With energy from wind, sun, and storage, these islands can be energy self-sufficient. In the process, Bajans can solve their drought induced water shortages, create local manufacturing jobs, support local communities and much more.
It is not often that a company at our advanced stage in the technology commercialization process remains privately held and has a ready 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 to drive down the cost of renewable energy.
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 $93,270 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.
The FAQs on our business plans, technology, sales and markets, 6-year financial predictions, and windharvest.com website provide more information on how we plan to get from where we are now to $1 billion in sales in five years. Another source of information is our Form C (a link to that is on this page). Send your questions, comments, and feedback to info@windharvest.
You are cautioned not to place undue reliance on forward-looking statements made here. These statements are based on the current beliefs, expectations, and assumptions of our management and are subject to significant risks and uncertainties that are beyond our ability to predict or control and could cause actual results to differ. These risk factors include, but are not limited to, the risks identified in our current Form C, filed with the SEC. The cautionary language in our Form C regarding forward-looking statements is incorporated herein by reference and applies to the statements in this release.
As an investor, please be sure to read and review the Offering Statement. If you have any unanswered questions, please be sure to utilize the communication channel on this page to ask the issuer questions.
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.
Neither PicMii Crowdfunding nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
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.
We installed and field-tested many prototypes to learn all that we have about VAWTs. Most of our new pending patents have their roots in the work of co-founderBob Thomas and his son Dean on the Windstar prototypes and the breakthrough 530G array in Palm Springs that proved the Coupled Vortex Effect.
Led by renowned wind turbine engineer Dr. David Malcolm, with 40 years of vertical and horizontal axis wind turbine experience, our engineering team used data from the operation of Wind Harvester prototypes to confirm the accuracy of our computer models. This validation was a historic milestone for Wind Harvest and H-type VAWTs
With our crowdfunding offerings we raised the capital needed to make, install and test our Wind Harvester 3.1 at the UL Advanced Wind Turbine Testing Facility in Texas. There the turbine completed Technology Readiness Level (TRL 7), operating a full scale prototype in industry conditions with highly turbulent wind.
We are now on schedule to install two 4.0 Wind Harvesters and complete their third-party certification (TRL 8) in the summer of 2024.
© 2023 PicMii Crowdfunding.
