Wind Energy

Discover the wind energy industry—where tech rides the wind wave for a more sustainable tomorrow.

A greener future is gaining traction

The wind energy industry holds a huge growth potential. It shines bright on the investors’ radars and gets more and more notice due to the public rise in climate concerns, government support, and tech innovations.

Why it matters:

Even despite the current economic turbulence, the wind energy industry is a fertile ground for startups:

  • Innovative turbine designs: developing more efficient, durable designs tailored for specific environments;
  • Storage solutions: to address intermittency issues and make wind energy more reliable;
  • Grid integration: to enhance energy distribution and management;
  • Offshore wind technology: to ensure wind farms operate in deeper waters. 

Between the lines:

Challenges also exist and need to be addressed. Wind energy startups should be aware of potential regulatory and tech issues as well as fundraising difficulties.

At Waveup, we know all the ins and outs of the wind energy funding race. Our team has turned numerous startup projects into profitable ventures

$2B+
Secured in funding
600+
Startups boosted
80+
Industries spanned

What we do:

Our expert team helps raise vital funding, crafts compelling wind energy pitch decks, builds robust business blueprints, and identifies prime M&A options.

Go deeper:

Explore our wind energy market research for current trends, insights, challenges, and tips to attract investors.

2X growth
The wind energy market is poised to expand twice by 2032.
9% rise
Global installed wind capacity increased to 906 GW.

Fueled by supportive government initiatives and growing environmental concerns
465 Mt

In 2022, solar PV and wind energy prevented about 465 Mt of CO2 emissions.

30 GW

The US aims for 30 GW of offshore wind by 2030.

15% drop

Average costs for onshore wind decreased 15% to $0.033/kWh, and offshore wind fell 13% to $0.075/kWh.

VENTURE LANDSCAPE

In 2022, the wind energy funding reached $6.90 billion

Key verticals funds are flowing to: 

  • Turbine technology
  • Offshore wind
  • Energy storage
  • Grid integration

Leading wind energy investors we worked with

Write to us to know more

Challenges of wind energy startups

Faced as they grow and innovate.

High initial investment

Stats: on average, the cost of opening a wind farm ranges from $7 to $18+ million. The money is spent on:

  • Site assessments;
  • Land acquisition;
  • Machinery purchase;
  • Energy integration into the grid, etc.

Why it matters

Wind energy startups require substantial financial backing. Yet, not all investors are ready to pour lots of money into capital-intensive projects.

What it takes:

Attracting the necessary capital is pivotal yet challenging for newcomers. Thus, they need to focus more on:

  • Partnerships to share costs;
  • Pursuing government or international grants;
  • Being transparent with the investors about the potential risks.

Regulatory maze

Wind energy projects, especially offshore, come with a set of regulatory checks. Wind energy startups should address:

  • Environmental impact assessments;
  • Airspace evaluations;
  • Local community agreements;
  • Government and international regulations.

Why it matters

First, startups may find themselves drowning in the paperwork, waiting for approvals that seem to last forever. Second, the delays may result in rising costs and waning investor interest. Plus, failure to comply with all the necessary regulations may lead to legal issues.

A case in point:

In October 2023, a Southern New Jersey county sued the U.S. Department of Interior over approvals for Orsted’s Ocean Wind project. They claim the project violates endangered species protection laws and can harm the environment and local tourism.

Intermittency and storage issues:

It’s no secret that the wind doesn’t always blow. And its on-and-off nature can lead to uneven power supply.

Why it matters

It may deter potential buyers and grid managers, reducing the demand for wind energy solutions. Plus, potential industry VCs may become hesitant to invest in not stable projects.

What it takes:

To address this issue, wind energy startups should:

  • Integrate energy storage solutions, like advanced battery systems;
  • Combine wind energy with other renewables, like solar.

Funding hurdles:

The wind energy industry is capital-intensive. Plus, the volatility of the market and intense competition. It all makes the process of securing funds challenging.

Why it matters

A lack of sufficient financial resources can undermine the company’s growth potential, leading to:

  • Missed opportunities;
  • Limited research and development;
  • Project abandonment.

A case in point: Avangrid, an energy company, is pulling out a Park City Wind project due to a lack of financing.

What it takes:

To secure the necessary wind energy funding, startups must:

  • Create a robust business model and market entry strategy—make sure it’s clear, scalable, and addresses market needs.
  • Craft a persuasive wind energy pitch deck—highlight unique selling points, market potential, a clear path to profitability, etc.
  • Demonstrate traction—showcase relevant metrics on user engagement and early revenue to validate demand.

FAQs

How attractive is the industry to potential wind energy investors?

The wind energy industry is very attractive to investors. It has a huge growth potential, long-term contracts, government support, and a positive environmental impact.

If you are a wind energy startup, how easy is it to raise funding today?

It’s not that difficult to raise funding for wind energy startups nowadays, especially if compared to the previous years. Both the community and investors have become more environmentally aware. The success of some top industry players fuels VCs’ interest in wind energy. Plus, the government ensures relevant support.

How long does it take to create a pitch deck and financial model for a wind energy startup?

On average, we need two or three weeks to complete all the documents. However, sometimes it may take us longer, up to a month, owing to our hectic schedule and project nuances.

What are the key mistakes wind energy startups make in their pitch decks?

Many wind energy startup pitch decks lack a persuasive investment narrative, explanations behind their market choice, robust business model, and proof of traction. Like this, venture capitalists don’t get the full picture and may shift their focus to a more promising and urgent project.

How competitive is the wind energy market?

The wind energy market is increasingly competitive. It’s due to the increased demand for sustainable energy solutions, tech advancements, and government support. The market is flooded with new entrants (over 2.4K startups nowadays), yet established players like Vestas Wind Systems, Siemens Gamesa Renewable Energy, or General Electric Company are not going to lose their leading positions.

What services do you provide for investors looking to invest or already investing in wind energy?

We assist venture capitalists in evaluating their investment opportunities across the wind energy sector. Our team conducts thorough due diligence and presents findings in a concise, visually rich presentation packed with valuable insights. Plus, we ensure comprehensive fundraising services to portfolio companies across the wind energy sector and beyond.

Do you provide wind energy M&A support?

Absolutely! Whether you need help pinpointing M&A perspectives, creating coherent CIMs, or crafting models for buy-side and sell-side deals, we are always at your service.

Do you make intros to wind energy VCs?

Certainly! We organize initial meet-ups with potential investors in the wind energy sector, helping startups throughout the whole process. We start with a thorough evaluation of your project, checking aspects such as the team dynamics, the product itself, and the nuances of the funding request. Our support extends to fostering smooth collaboration with wind energy venture capital firms at all stages – before, during, and post-deal, to ensure a mutually beneficial and successful partnership.

Do you have available data or research to purchase on the wind energy market?

Absolutely! We specialize in offering customized market intelligence in the wind energy sector. This includes detailed industry analysis, competition assessment, and thorough market studies, all crafted to offer you a competitive advantage. Leveraging reliable data sources, we empower you to fully understand the nuances, potential, and competitive aspects of the wind energy landscape.

Which growth stage of companies have you worked with in the past?

Our team offers growth and fundraising help to wind energy startups at every stage of their growth journey, from the Pre-Seed stage all the way through to Series C and beyond.

Venturing into the wind energy industry? You're in the right place

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