Nabrawind has secured investment support from Fortescue Future Industries (FFI), enabling it to develop its portfolio of wind industry solutions.
The funding agreement, which is convertible into a minority shareholding, will help expand Nabrawind’s production capacity to meet growing demand.
FFI CEO Mark Hutchinson said: “FFI is pleased to support the growth of Nabrawind.
“FFI values Nabrawind as a critical ally in the development of renewable energy and the green transition.
“Reducing the cost of renewable energy production is a key driver of green hydrogen adoption.
“The innovative products developed by the talented team at Nabrawind are just one of the ways to do this, both for FFI and across the market.
“We see great opportunities to help each other be successful in the future.”
Nabrawind is commercialising five products applicable in the wind power industry.
These comprise a modular blade, called Nabrajoint, a self-erecting tower, called Nabralift, a tripod foundation, called Nabrabase, a crane-less blade installation system, called Bladerunner, and a new system to install the whole wind turbine at 15 metres per second, called Skylift.
Nabrawind General Manager Eneko Sanz said: “After the technical, production capacity and entry into the market challenges, our next steps are market consolidation and financial capacity for facing the expected growth.
“Our partnership with FFI reinforces us in both strategic lines, with very similar culture values and vision about the ecological transition.”