Toronto-based biomimetic innovation platform BiomeRenewables has secured $3 million in funding from the Government of Ontario’s Low Carbon Innovation Fund (LCIF) and unidentified private investors in the wind industry. Founded in 2015 by CEO Ryan Church, BiomeRenewables is an industrial design group developing solutions to address technical and productivity challenges faced by renewable energy technologies. It will use the funds raised to validate the company’s aerodynamic PowerConeTM technology in a full-scale wind turbine pilot study.
Photo: Ryan Church, founder and CEO of BiomeRenewables.
BiomeRenewables closes funding round with backing from wind industry veterans and the Government of Ontario
Toronto, Ontario, Canada — May 8, 2018
BiomeRenewables, an industrial design group redefining expectations for renewable energy, has raised approximately C$3 million in funding to pilot its ground-breaking aerodynamic PowerConeTM technology.
The funding round was supported by a substantial grant from the Government of Ontario through the Low Carbon Innovation Fund (LCIF), with additional investments from private investors with significant wind industry experience.
The funding will enable BiomeRenewables to focus on the validation of its PowerCone technology in a full-scale wind turbine pilot study. Inspired by a simple maple key, the PowerCone efficiently harnesses wind energy by generating power from a place where no longer blade or smarter software can.
Ryan Church, founder and CEO of BiomeRenewables, said:
“The PowerCone technology represents an exciting advancement for the wind industry, pushing the boundaries of what can be expected from renewables. We are very grateful to the Ontario Government to be awarded funds from the Low Carbon Innovation Fund. This will allow us to prove out the technology at full scale and demonstrate its many benefits to the industry, making wind technology even more cost-competitive while decreasing CO2 emissions from polluting sources.”
Founded in 2015, Biome Renewables is an industrial design group working to address complex technical and productivity challenges present in current renewable energy technologies. With a growing portfolio of patents and IP, we draw inspiration from the billions of years of research and development available in the natural world. This is a practice known as biomimicry, and it led to the development of the PowerCone technology. We call it evolved design.
The Low Carbon Innovation Fund is a fund to help researchers, entrepreneurs and companies create and commercialize new, globally competitive, low-carbon technologies that will help Ontario meet its GHG emissions reductions targets. The Low Carbon Innovation Fund is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s carbon market.
Ryan A. Church
Founder and Chief Executive Officer
195 Langley Ave.
Cell: +1 647-988-1695
Photo courtesy of Ryan Church