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Overview
Goliath Wind OÜ developed the Capella 3, a 3MW gearless, direct-drive wind turbine that uses a patented Cyclos ring generator. Its design reduces weight and costs and uses modular, container-friendly construction to simplify logistics. The company pursued licensing and manufacturing partnerships, including a €100 million joint venture with Steelite Engineering to manufacture Capella 3 in India for Asia. Public records indicate financial distress and possible cessation of operations by early 2023.
About Goliath
Industries
Hardware
Industrial & Manufacturing
Energy
Company Size
N/A
Company Stage
N/A
Total Funding
N/A
Headquarters
Tallinn, Estonia
Founded
2008
Simplify's Take
What believers are saying
- Invest in Estonia still highlights the 2017 €100 million Steelite joint venture.
- The 2026 Steelite site keeps Capella 3 listed, preserving licensing-option value.
- Estonian registers keep the company active, so creditors or buyers can still transact.
What critics are saying
- Estonia's registry still shows €22,302 tax debt and two unsubmitted annual reports.
- Inforegister says Goliath ignored creditors; former CEO Søren Horn Petersen left in 2023.
- No revenue is reported after 2010, making shutdown or asset-stripping existential by 2026.
What makes Goliath unique
- Capella 3 uses Goliath's gearless Cyclos ring generator for simpler power conversion.
- The turbine ships in standard containers, cutting logistics for remote wind sites.
- Steelite still markets Capella 3 as available on a 2026-updated product page.
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Benefits
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Goliath is Hiring for 9 Jobs on Simplify!
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About Goliath
Industries
Hardware
Industrial & Manufacturing
Energy
Company Size
N/A
Company Stage
N/A
Total Funding
N/A
Headquarters
Tallinn, Estonia
Founded
2008
Goliath is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today