A Scottish wind energy technology group is looking for funding to help develop its technology that stops wind turbines from eroding.
Edge Solutions is looking for £2mln through a funding round to boost the management team and ramp up to meet demand.
Hailing from Dundee, Edge has patented technology that repairs and protects the leading edge of wind turbine blades from erosion, which it said is a significant issue for operational onshore and offshore wind farms.
Using an ultra-tough Luran SC thermoplastic material designed by Manchester United bidder and chemicals giant INEOS specifically for wind turbine blades, Edge has developed a custom-fitted modular shield known as Armour Edge.
Having raised £1mln through EIS funding this year, Edge wants to bring corporate investors on board and explore the potential for OEN wind turbine groups to fit its shields to new blades.
Stuart MacLean, a former senior partner in M&A and corporate finance at law major CMS, has been appointed Head of Corporate Development and Richard Scullion, ex-global marketing director for Palla Pharma Limited the new Head of Business Development.
Scullion said: “Leading edge erosion is a major issue for wind farm operators and we are now getting second and third orders from our early customers including RWE (ETR:RWE) and Offshore-Windpark Riffgat.
The company has also commissioned new research to back up an earlier study that predicted a 50-year lifespan for the ultra-tough shields.
Timing of the fundraising might be spot on as only last week major wind turbine manufacturer Siemens Energy warned it faces a bill of billions to rectify recently discovered problems with the kit it has supplied.
After an increase in failure rates of wind turbine components, the Gerrman company said it had extended a technical review of Siemens Gamesa’s installed fleet and product designs.
"The current status of the technical review suggests that in order to reach the targeted product quality of certain onshore platforms, significantly higher costs will be incurred than previously assumed," said Siemens Energy.