Slater commits $200K to wind-energy company

PROVIDENCE – Aquanis LLC, a startup developing a device to improve the efficiency of utility-scale wind turbines, will receive $200,000 from the Slater Technology Fund.

Slater announced the funding in a news release on Sept. 6.

Founded by Neal E. Fine, Aquanis’ mission is to reduce the cost of wind energy.

“The maturation of wind technology has been characterized by massive growth in turbine size, to maximize the swept area, but there are limits to this trend due to the increased wear and tear in the blades and the turbine’s gearbox,” Thorne Sparkman, managing director at the Slater Technology Fund, said in a statement. “Aquanis’ technology will enable deployment of larger turbines by mitigating these loads.” •

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