Aug. 7 (Bloomberg) -- Irish developer Airsynergy will bring a wind turbine encased in a shroud to market this year that it says is cheaper, more powerful and quieter than other products.
Airsynergy, based in County Longford, is in “serious” discussions with six companies in nations including the U.S., U.K., Ireland and China and in South America, Adrian Kelly, business development director for the company, said yesterday. It has already partnered with U.S.-based Aris Energy LLC to develop and sell its products in as many as 32 states, he said.
“Before the end of the year we intend to get our second license deal,” Kelly said in London. The company is looking to license its technology to large industrial companies and utilities that can distribute and install its systems.
The turbine, which features a circular shroud that increases the velocity of wind, is the first of its kind to come to market, said Jim Smyth, chief executive officer. It’s capable of producing twice the annual power of a conventional turbine, halving the cost of generation and making it more economical for sites that aren’t currently viable, he said. It’s also smaller and quieter than other turbines.
The company has a 5-kilowatt turbine that it plans to scale-up to 1-megawatt and bring to market in 2014 to 2015. The large models will produce power at about $45 to $50 a megawatt-hour, Smyth said.
Airsynergy’s products start paying for themselves after three to five years, Kelly said. Onshore wind energy costs about $82.60 a megawatt-hour and coal-fired power about $78, according to Bloomberg estimates.
Installing renewable energy systems can help homes and businesses to trim their bills by reducing dependence on volatile fossil-fuel prices. Countries including the U.K. offer premium payments for on-site low-carbon generation.
Alongside the domestic turbine, Airsynergy is working on a wind-powered streetlight that can be attached to existing poles, Smyth said. It hopes to bring this product to market before year-end.
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