Connecticut Innovations Invests in Optiwind

Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology investing and innovation development, announced a US $1 million investment in Optiwind Corp.

Optiwind has developed a design for mid-sized compact wind acceleration turbine systems, which are ideally suited for installation at commercial, industrial and institutional properties. Optiwind’s design consists of an array of six or twelve turbines mounted on a large cylinder that rotates so that the turbines always face prevailing winds.

“We want to help this Torrington company create cutting edge green technology jobs right here in Connecticut,” Governor M. Jodi Rell said. “At the same time, we can help Optiwind to advance its efforts to address climate change. This state investment is a win-win scenario.”

The deal is the second investment to be made from the Connecticut Clean Tech Fund, a partnership between CI, the Department of Economic and Community Development (DECD) and the Connecticut Clean Energy Fund (CCEF.)

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