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NEWS


        Rare-earth-free innovator receives generator order




              K firm GreenSpur Wind has confirmed
              an order for three 70 kW rare-earth-free
       Upermanent magnet direct drive generators
        to Wind Harvest International of the United
        States. The transaction represents a first US sale
        for GreenSpur. Its unique ferrite-based generator
        technology eliminates the need for high cost and
        supply constrained rare-earth magnets. The order
        is subject only to the success of Wind Harvest’s
        current funding campaign.
           Davis, California-based Wind Harvest has
        a unique vertical axis wind turbine design that
        operates below and around much larger propeller-
        type turbines, increasing the energy production of
        each. The scale of the opportunity for its innovative
        wind turbine is huge, with Wind Harvest estimating   generators work well in the base of our 10 to 20 m tall wind turbine towers. Our
        a current potential market size in existing wind   engineers have worked closely with the GreenSpur team to produce an optimised
        farms of 140 GW which, if realized, would mean a   design. We too are pleased with today’s announcement and see this as the start of
        $280-billion, or more, global opportunity.  an enduring commercial and technical collaboration.”

        Rare-earths becoming even scarcer          Contact Andrew Hine, GreenSpur Wind, andrew.hine@greenspur.co.uk
        An international shortage of rare-earth magnets
        is looming as China (which accounts for 70% of          CCG FLPBox_Advert Jan 2022.pdf   1   10/12/2021   13:06
        global supply) uses quotas to preserve its own
        strategic supplies. The price of rare-earth magnets
        – which are a key component in most wind turbine
        generators and electric vehicles – has doubled over
        the last year. An already tight market for rare-earth
        magnet production has been further hampered
        by China’s recent power shortages, while surging
        commodity prices have increased generator
        material costs yet further.
           GreenSpur is unique in that it offers a rare-
        earth-free generator to the wind industry.
        Announcing the sale on behalf of GreenSpur,
        Andrew Hine the company’s Commercial
        Director stated: “We have been working with UK
        Government and wider supply chain support to
        develop a generator technology that can remove
        rare-earth risk. Wind Harvest has recognised a
        strategic advantage of eliminating this risk. In recent
        months, we have optimised a 70 kW generator
        design specifically for Wind Harvest’s H-type
        turbines and are pleased with the subsequent order
        that we announce today.”

        Start of ‘enduring collaboration’
        Confirming the order, Kevin Wolf, CEO of Wind
        Harvest, added: “We have ambitious expansion
        plans that benefit greatly from avoiding the use of
        generators that rely on Chinese rare-earth magnets.
        GreenSpur’s larger and ultimately less costly ferrite



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