Latest Issue
 
Windtech International May June 2024 issue

 

FOLLOW US AT

follow

 

follow


Vestas has invested in Swedish wood technology company Modvion. The investment sees Vestas becoming a minority investor in the bio-composite company, and marks the first official investment from newly established corporate venture capital arm, Vestas Ventures.
 
Modvion specialises in the development and manufacturing of wind turbine towers made from laminated veneer lumber (LVL), a bio-composite material sourced sustainably from a supplier network, and validated to uphold robust reforestation strategies. When compared directly with the value chain of a conventional steel tower, Modvion towers are expected to reduce carbon emissions by 80 percent for the wind turbine tower. The reduced weight of an LVL tower and lower CO2 intensity of the materials contribute to the overall reduction in CO2 emissions. Vestas will be leveraging its position as an investor to support Modvion’s scale-up strategy, with a long-term goal of integrating LVL towers into its design and manufacturing processes.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.