On the heels of the highly successful launch of its second generation wind turbines, Eocycle is pleased to announce the closing of $1.6 million of new financing. The completion of this offering takes the combined form of a loan from Investissement Québec (the financial arm of the Government of Québec) and a grant from the Ministry of Economy, Science and Innovation in Québec.
On Thursday, October 20th, Eocycle was awarded 1st place in the Innovation category at the Inventing the World of Tomorrow competition.
Eocycle has achieved an important milestone in the launch of its next generation turbines. The EO25 wind turbine has obtained a certified power curve in accordance with the IEC 61400-12-1:2005 standard. The results are impressive. The new wind turbine provides a 65% increase in energy production over the similar model from the previous generation. No other small wind turbine in the market can match its efficiency. At 6 m/s, the turbine has a certified capacity factor of 44%, resulting in an annual production of more than 87,000 kWh.