Arctura aims to lower cost of wind energy with turbine tech solutions

PBN 2021 Fastest Growing Companies Awards
$250,000 – $5 million:
2. Arctura Inc.


CEO (or equivalent): Neal Fine, founder and CEO
2020 Revenue: $1.5 million
2018 Revenue: $198,607
Revenue growth: 631.7%


Arctura Inc., a wind energy technology company in South Kingstown, attributes its 631.7% revenue growth from 2018 to 2020 to the development of three technology solutions, “each designed to lower the cost of wind energy,” said founder and CEO Neal Fine.

The solutions include an active lift control technology for next-generation wind turbines, a blade coating that reduces the impact of lightning strikes and a vertical axis design for floating offshore wind turbines.

- Advertisement -

“Beginning in 2018, we won a series of competitive [grant] awards from the [U.S.] Department of Energy,” Fine said, including $3.5 million from the Advanced Research Projects Agency – Energy for the lift control technology and a $2.3 million Small Business Innovation Research award from the DOE’s Office of Energy Efficiency & Renewable Energy for the blade coating. That award includes a $1.1 million Phase 2B grant that will be used to refine the coating and demonstrate it in a series of in-situation wind farm pilot studies.