Altaeros Energies

Company profile

Altaeros Energies company profile

Altaeros Energies develops airborne wind turbines to produce abundant, low-cost, renewable energy. The company manufactures buoyant airborne turbines, a renewable energy solution that integrates proven aerospace and wind turbine technology; and high altitude winds, untapped renewable energy resources. It offers its products to customers in various sectors that include rural communities, island and arctic communities, mining, oil and gas, agriculture, entertainment, emergency response, disaster relief, military sites, and offshore power. Altaeros Energies has received funding for wind turbine technology development from a number of sources, including the U.S. Department of Agriculture, the National Science Foundation, the California Energy Commission, the Maine Technology Institute, the Massachusetts Clean Energy Center, Cleantech Innovations New England, and the Alaska Energy Authority. In addition, Altaeros Energies received the 2011 ConocoPhillips Energy Prize. The company was founded in 2010 and is based in Somerville, Massachusetts.