Two years after selling his last cleantech company to General Electric, Toronto-based entrepreneur Josh Wong has spun his next one out of GE Vernova and secured $6.8 million CAD in seed funding.

Wednesday, 31 January 2024Abukuma South Wind Power signed a turbine supply agreement with Kandenko, EPC for this project, to provide 28 units of GE Vernova’s 3.2-103 turbine that will provide approximately 90 megawatts (MW) of power, and also signed a long-term full service contract with GE Vernova.The project is GE Vernova’s second project with Cosmo Eco Power in Japan. Cosmo Eco Power Co., Ltd., Nemoto Tsusho, Maruto, and Tohoku Electric Power Co., Inc., are supporting the project as shareholders of Abukuma South Wind Power LLC. The agreement will enable both companies to support Fukushima Prefecture’s Renewable Energy promotion vision 2021 of having 100 percent of Fukushima's demand for energy being met with renewable energy by 2040, as well as Japan’s goal of increasing the share of the national electricity mix coming from renewable energy from 36 to 38 percent by 2030.GE Vernova’s 3.2-103 onshore wind turbines are optimised to minimise environmental impact and cope with extreme weather conditions as well as Japan’s unique wind environment.“We appreciate the confidence that Cosmo Eco Power has shown in our 3 MW class turbine line and value the continued opportunity to advance the government’s renewable energy goals with wind power” said Steve Swift, Chief Commercial Officer, GE Vernova’s Onshore Wind business. Projects like this illustrate how GE Vernova, together with our customers, is working to electrify the world while we simultaneously decarbonize it.”Sayuri Hashikawa, Director & Executive Officer, Cosmo Eco Power’s Business Development, added that the project was planned to support the introduction of renewable energy, as one of the priority areas of the national project to rebuild the country following the Great East Japan Earthquake and the tsunami that occurred in 2011 with a goal to build a new industrial base.“In implementing this project, we aim to coexist and prosper with the local community and key stakeholders, including GE Vernova by cooperating with local businesses in construction, operation and maintenance” said Mr Hashikawa.Over the last 130 years, GE Vernova has contributed towards Japan’s stable power supply by providing power generation equipment including gas turbines, steam turbines, nuclear reactors, hydro and wind turbines. GE Vernova currently powers one fourth of the country’s current installed capacity of onshore wind, and Haliade-X, the world’s biggest offshore wind turbines set to begin operations in the future.For additional information:GE Vernova

UK / GEH wins £33 million grant for BWRX-300 small modular reactor development.