Hover Energy 'Wind-Powered Microgrid' Innovation of the Year Award Press Release Q&A

June 30th, 2022 @ 12:00pm EST

About this event

Visionary Member Hover Energy (highlights bellow) will share an community update and answer questions regarding its recent press release: Hover Energy's Wind-Powered Microgrid™ Wins Technology Innovation of the Year at the 2022 Wind Investment Awards

Click https://visionary.is/members/hoverenergy to follow Hover Energy for continued updates, and to request materials~meetings regarding the company’s offerings.

Take the Access Survey regarding your renewable energy and energy efficiency related objectives.




Industry: Renewable energy - wind, microgrids

Visionary Member: Chris Griffin, President & Co-Founder of Hover Energy (hoverenergy.com): designs, develops and deploys Wind-Powered Microgrids™


  • Hover Energy's goal is to help companies achieve their Net Zero and carbon reduction goals by reducing their energy costs and their carbon footprint. Through intelligent partnerships and innovative, powerful wind technology, we can help our clients accelerate the transition to renewable energy at scale.
  • Hover will install a Wind-Powered Microgrid™ System with minimum 6 Hover turbines, solar panels and an Integrated Energy Management System (“IEM”) which will receive inputs from the Hover turbines, the solar array, and any available onsite storage capacity.
  • Hover's Wind-Powered Microgrid™ - They have filed more than 32 U.S. and international patents, 22 of which have been issued or allowed. The advanced aerodynamic technology and the wind array design creates a multiplicative effect, which significantly increases the efficiency of all the units in the microgrid.
  • The Hover Array System delivers substantially more power than existing onsite wind technologies, and a multiple per square foot of solar.
  • High volume of power attributable to breakthrough efficiency levels - wind power coefficient (Cp) of 44% with the use of a direct drive motor =~2x the efficiency of existing distributed wind and solar technologies - Power generation potential with a Hover microgrid puts Real Zero emissions within reach and in some cases achieves Net Positive.
  • Each Hover Array System purchase will have a 15%+ IRR or better and a payback of 6-years or less, guaranteed.
  • 2022 – 2023 Growth Rate - Revenue: 87% ; EBITDA: 337%
  • Sales Breakout: Direct Sales accounts for the 38% of the share of revenue in 2021 to ~69% in 2023. PPA Project revenues grow from 0% of total revenue in 2021 to ~13% in 2023
  • https://www.linkedin.com/company/hoverenergy

Currently Seeking: Project Partners / Business Development

June 30th, 2022 @ 12:00pm EST
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