Crowdfunding The New Powerhouse For Renewable Energy

By Tadhg Walker

Powerhouse Wind, a Dunedin based company producing single blade wind turbines for domestic and small scale commercial use, want to take their product throughout New Zealand and the world. Having already developed and tested their patented idea, they need a boost of capital to increase production and hire staff to market their turbines to customers. More money is required, and, as with many start ups, banks were not supportive as their idea is too new and too innovative. Powerhouse Wind turned to the New Zealand crowdfunding site PledgeMe, in a fitting attempt to find alternative finance for their off the grid renewable energy. They are one of an increasing number of renewable energy companies that are turning to crowdfunding worldwide.

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