Ogin develops shrouded wind turbines using a novel aerodynamic technology known as a mixer/ejector.
Ogin, Inc. (fka FloDesign Wind Turbine), headquartered in Waltham, MA, is a venture-backed developer of high efficiency shrouded wind turbine technology. This innovative design represents a novel application of well-proven aerodynamic technology known as a mixer/ejector that has been used in military and commercial aircraft since the 1970s to improve jet engine performance. Ogin’s mid-scale shrouded wind turbine will (1) significantly reduce the cost of energy of wind, (2) enable new distributed markets with lower wind speeds for wind power generation closer to load, and (3) increase the utilization per acre of land while reducing environmental impact.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Oct 26, 2009 | Grant | $8.32M | 1 | US Department of Energy | — | Detail |
Investor Name | Lead Investor | Funding Round |
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US Department of Energy | Yes | Grant |