Flower Turbines
Innovative Small Wind Turbines
Lawrence, NY
Technology
Clean Technology
Flower Turbines has created sleek, innovative, and efficient small wind turbines—with the goal to make those turbines the foundation of a large global renewable energy company. We are already expanding into e-bike charging. Join us as we scale up!
$2,751,477
raised
1,585
Investors
$61.7M
Valuation
$70.00
Price per Share
$560.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$14M
Offering Max
Reg A+
Offering
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$560+
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$1,000+
Investment
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Offering Circular | Selected Risks Related to this Offering | Flower Turbine's SEC EDGAR Page
For more information on Flower Turbines, Inc. download and review the Offering Circular. The Offering Circular should be reviewed before making an investment decision
Reasons to Invest
Two oversubscribed StartEngine campaigns with Reg CF. Recently named one of America's top 10 most fundable companies
Our small wind turbines increase productivity by 20-50% when positioned close together
Strong IP portfolio with multiple patents granted and pending in multiple countries
“ Beauty combined with aerodynamic innovations that change the market for small wind.”
What does it mean to be one of America's most fundable companies? Pepperdine University Business School picked 20 out of 4500 companies as the Most Fundable Companies in America after an intensive review of the people, financials, and business plan, followed by interviews and background checks. After that, the public was asked to vote for their favorites, and Flower Turbines was in the top 3.
They picked companies using the criteria a venture capitalist would use to evaluate an investment. Here is a link to the site and here is an explanation of what it means from a venture capital point of view.
We believe this Reg A round of fundraising will accelerate our sales and growth so that we can achieve that prediction.
The Problem
Until now, the small wind sector of the renewable energy market has lagged behind solar
We believe there are two major problems preventing the small wind sector from heading toward the trillion-dollar mark.
Typically, low noise and high efficiency do not go together as most small wind solutions have to compromise on one of these two fronts. As a result, this makes them unusable for most areas where people live and work.
- Wind turbines cannot be placed without interfering with each other's wind flow.
Additionally, there can be problems including the safety of birds, physical appearance, and cost-effectiveness. The aerodynamic interference of one turbine with another means they have to be widely spread, resulting in lower cost-effectiveness in settings where most people live and work.
Until now, in our view, smaller wind turbines have not provided a viable solution.
Another global problem: The growth of e-bikes is limited by the charging infrastructure.
The Solution
An entirely new type of small turbine
Flower Turbines has addressed the problems of the past with technology improvements. The turbines have less turbulence, more efficiency, and work together in a way that no one thought vertical axis drag-type turbines could. We are also disrupting the market by combining them with a beautiful design that makes people proud to own them.
Flower Turbines feature a cluster effect that causes one turbine to make its neighbor perform better. One turbine makes its neighbor perform 20-50% better as in the graph below —enabling a better solution: slightly more cost-effective than solar in a windy area, but hugely more productive per square foot.
In the illustration below, red is the highest velocity, blue is lowest, the wind comes from the left, and this is a horizontal slice through the middle of the turbine with the shaft in the middle. Note that as the wind enters the turbine and reverses direction in order to hit the second blade as well (call it two for the price of one!), the illustration reaches “red” speed in the middle. The higher the effective speed when the wind hits the blades, the more energy the turbine produces. The red area of increased speed to the side of the turbine shows why the cluster effect works.
This is a huge advantage for Flower Turbines in places where space is limited—close to people, buildings, and parking lots. And it accompanies solar beautifully, because using both together means energy during more of a daily and seasonal cycle, thereby saving on costly battery storage.
*This image is an example of one of our models.
We have an additional product line of on and off-grid e-bike chargers, some of which are powered by our wind turbines.
The Market
Small turbines are projected to hit a CAGR of 17.4% over the next five years
The expected revenue from the small turbine sector is projected to reach $400M in 2024, growing 42.5% in just five years. This level of growth is expected without factoring in the effect of our product entering the mass market.
The market report states the following:
"The global Small Wind Turbines market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 17.4%% in the forecast period of 2020 to 2025 and will expect to reach USD 316.7 million by 2025, from USD 166.6 million in 2019." Flower Turbines is clearly in a high growth market and has the opportunity to increase the size of that market and its growth rate by specifically targeting the underserved markets of the location close to people and close to or on buildings because of the combination of quiet and efficiency.
We believe our technological improvements to small wind will eliminate some of the past barriers in the industry, allowing us to contribute to further market growth. With these changes, we think that small wind can grow on a similar trajectory as solar.
Additionally, Solar PV experienced large growth while being in the public domain. But only Flower Turbines can produce a Tulip thanks to our Intellectual Property.
Bloomberg predicts that wind and solar will power half the world's grid by 2050 and receive $9 trillion of investment. We hope Flower Turbines will be part of that. Additionally, Flower Turbines has entered the exciting market of electric charging, one of the top trends in cleantech.
Our Traction
Our "cluster effect" has demonstrated success
In our decade of development, we have had success in pitching our design and product to investors and accelerators all over — we were one of the 3% chosen to participate in Dreamit Venture's first Urbantech Accelerator, we were among the winners of the US-China Innovation Forum contest, were chosen by PortXL Rotterdam as one of the 20 companies out of 1000 for investment and we won the 2019 Energy Award in the Netherlands.
We have demonstrated the successful execution of the benefits of our ‘cluster effect’ and recently started the manufacturing. In addition to this, our achievements speak for the power of our technology.
Won an innovation loan from Rabobank, a vote of confidence from a top bank in Europe
Acquired and developed a product line of wind-powered electric bike charging stations
Set up a manufacturing supply chain close to our entry market for the EU
Won a national competition in the Netherlands, whereby a city is paid to buy one of our turbines
Chosen as one of the top 45 inventions in the history of Israel (the technology was developed there before incorporation in the US)
Set up our own small wind tunnel and research facility in Rotterdam
Won contracts and a tender in the Netherlands.
The charging station market depends on sales of electric bicycles and scooters. A recent report from Deloitte estimates that 300 million electric bikes will be on the world's roads by 2023, which is 50% more than in 2019.
With more sales in process, we are also planning manufacturing and development in the US. As of September 2020, we have signed a contract for the development of our own brand of motors and we are also developing our own brand of charge controllers. These initiatives will result in components that fit our demands exactly and lead to lower costs.
What We Do
Building a great global wind technology company
The last round of funding enabled us to develop our team and high-quality supply chain in the EU, with mostly Dutch manufacturing. With this next round of funding, we’ll be concentrating on expansion particularly in the NorthEast region of the US, and manufacturing in the Midwest.
We see the market of electric vehicles on-grid and off-grid charging for bikes and devices as one of our large future markets in addition to selling the turbines for grid electricity.
We also believe in our part in saving the planet by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. If we can achieve mass production through this next funding round, we will try to achieve a growth trajectory similar to that of solar.
*Images are computer generated demo versions.
The Business Model
Creating the future of small wind farms
Our technology enables a new model in small wind. The fact that we can cluster the turbines means a small wind farm sales model, which is cheaper for the customer. Now, a mall or school building can have 100 turbines on their roofs or in their parking lots—the same on a lesser scale with residences.
As Flower Turbines grows, it plans to sell not just turbines, but also electricity. We believe, from our own assessment, the US commercial market alone is a total potential market of $225 billion and the residential market is another total potential market of $50 billion.
We have also diversified our revenue generation through our electric bicycle charging product line. This enables us to sell products in non-windy areas and where the grid electric price is very low.
*Images are computer generated demo versions.
Flower Turbines is creating partnerships that will lead to new markets for our turbines. Here is one current proposed partnership using wind and solar together for greener transportation.
How We Are Different
We make small wind turbines with a mass production and installation model
An indication of the efficiency of our Flower Turbines is that they are able to begin generating electricity at a wind speed of just 1.2 m/s (industry standard is 3 m/s). This conclusion is based on testing data in a low wind environment.
If you were to place our turbines next to the average competitor with 3 m/s wind, the large model Tulip will already be producing 30 Watts of electricity as the competition is first beginning to rotate.
Our ‘cluster effect’ is also one of our key advantages, as it allows us to scale wind farms and enter urban markets with tight spaces.
The carefully crafted design of the Tulip is so aerodynamically efficient, it is actually able to take the wind entering the turbine, reverse its direction, and point toward the second blade at a higher speed than the initial wind outside.
*This video contains images of a working demo model of our product.
The Vision
Building a Great Company With Environmental Responsibility
We believe in our part in saving the planet, not by asking for subsidies, but by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. That is a significant goal and a significant impact on the planet.
Fulfilling our business plan requires an up-front investment, but we believe that the quality of our products and demand for more will result in potential growth once people become acquainted with first installations.
*Images are computer generated demo versions.
Our Team
Veterans of renewable energy and project management devoted to changing the landscape of clean energy
Our founder and CEO, Dr. Daniel Farb, has degrees in business, science, and literature. He won awards for renewable energy technology and is completely focused on the success of Flower Turbines.
Working under Dr. Farb is a team of project managers, professors, and engineers with decades of expertise in design, startups, wind energy, electronics, and sustainability.
Why Invest
Help change the landscape of sustainability forever
Our first $1 million enabled Flower Turbines to expand patents and engineering and begin with manufacturing several sizes and versions, to expand its product line to the fast-growing segment of electric vehicle charging, and to develop a critical team mass in the European market. The second funding round allowed us to move into an upward sales trajectory and work on manufacturing. This third funding round is aimed to move us into profitable operations and develop a critical mass in the US market as we did in Europe.
video
Intellectual Property Listing
One of the advantages of investing in Flower Turbines is a strong protective portfolio in multiple countries. All is owned, assigned, or licensed to Flower Turbines.
PATENTS WITH PCT NUMBERS
IB10/052334
Title: 2-Bladed Vertical Axis Turbines
EU: 10780138.3, granted, entered in:
- Switzerland/Liechtenstein
- Germany
- France
- Great Britain
- Ireland
- Italy
Australia: 2010252559, granted as 2010252559
India: 9614/CHENP/2011, granted.
US: 13/322,578, granted as 9,255,567
Israel: 216596, granted as 216596
Canada: granted as 2,800,765
IB2012/053567
Title: VARIABLE DIAMETER AND ANGLE VERTICAL AXIS TURBINE
US: 14/232,629, granted as US20140167414
China: 201280034861.0, granted as CN103649530B
Japan: 2014-519681
IL2015/050537
Title: Vertical Axis Turbine Clustering
US: 15/310,770, granted as 10330086
EU: 15796413.1
China: 201580026019.6, granted as 2019052700130810
Brazil: 112016026981-0
IL2017/050969
Title: ROOFTOP WIND TURBINE FLOW IMPROVEMENTS
US: 16324720
China: 201780055226.3
PCT IL2019/051172
Title: Savonius Wind Turbine Ratios, not yet in national phase in PCT countries
In national phase in Argentina: P190103382
US Provisional Patent 63023969
Vertical Axis Wind Turbine Blade Connections
More Patents in Planning Stage
TRADEMARKS
Flower Turbines: US serial number: 86328894, EU: 018027912
Turquoise/green flower turbines logo—granted in US, Serial #number 86329027, in EU: granted as 018028119
Flower Power, US serial number: 86349230, granted
Bitulip: U.S. serial number: 86349235, granted
Tritulip: U.S. serial number: 86349236), granted
Tulip Power: EU: 018180058, US: 88773467
Wind Tulip: EU, 018028120, granted
Charge To Go: US, 88800033, granted
COPYRIGHTS
All small vertical axis wind turbine components of “Eco-Art”, granted with registration number VAu-1-311-252
Metallic Tulip straight middle, curved outer edge, granted with registration number VAu 1-377-424
Vertically symmetrical Tulip Turbine, granted with registration number VAu 1-377-423
Rounded Nubbin on Wind Turbines, 1-8817985821
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
In the Press
Online Interview with Devin Thorpe
September 18, 2018
Devin Thorpe of Good Crowd and Your Mark on the World Show interviews Dr. Daniel Farb about small wind turbines:
Tulips chosen as one of Israel's Top Technologies
September 26, 2011
See company 10, a company that led to Flower Turbines.
businesswire
January 1, 1970
Pepperdine Graziadio Business School Reveals 3rd Annual List of Most Fundable Companies®
Updates
New COO for Flower Turbines Inc.
18 hours agoWarren Stoll joins Flower Turbines, Inc., as COO. Trained as a lawyer, he has a record of success with many types of companies. He founded a software firm that was sold to Microsoft. He raised venture capital for other companies and brought them from inception to sale. He also has extensive real estate experience, and, more recently, made a successful exit from a combined fintech and healthtech company.
Expansion of Flower Turbines Rotterdam Industrial Space
3 days agoPeter Blokdijk from the Port of Rotterdam and Flower Turbines EU Director Roy Osinga cut the ribbon for the expansion of the Flower Turbines workspace.
Flower Turbines plans to use the space to develop, test, and assemble its small wind turbines and e-mobility charging solutions, and to enhance the creativity of its products.
New blade production technology
8 days agoThis shows the manufacturing PCT international patent discussed a few updates ago in actual use. Also, a few updates ago, we showed the problem of connecting round blades to the shaft without causing ripples or loss of strength at the point of connection. The photos below are from the first blades produced the new way according to our patent.
Our patent involves making pockets of similar thickness to and continuous with the main part of the blade. We embedded something that looks like a thumbtack inside that pocket and coated it on the outside (not a necessary step, but it looks nice) with fiberglass. The first picture is an outside view of the blade. The second picture is an outside view of the blade with the coating over the pocket. The third picture shows the inside of the blade, where it can connect firmly to a strut without causing ripples and areas of weakness in the blades.
Small Turbines Decorating Our New US Office
11 days agoSome of our small Tulips are now on display in our Long Island office. Click here for a short video walk through: https://vimeo.com/547854125.
The silver-colored metal is the base for one of our small installation poles.
New Ebike at our Rotterdam Office
12 days agoWe bought an ebike for employees to use for personal or business errands during the workday, and for testing with our ebike charging stations.
Another installation of a charging pole
15 days agoOne of our resellers in Frankfurt Oder, Germany, installed this charging pole for the national railway. Click here for a short video. https://vimeo.com/546034222. Our charging systems can help be part of the mass transit infrastructure. It’s sometimes called the “last mile” problem. For example, what does someone do when he gets off the train? Take his car or his bike?
Our patent on the relationships of the turbine structures
17 days agoThis very important patent, patenting one of the reasons for the higher efficiency of our turbines, has now been filed in the following countries: US, Canada, EU, Japan, India, China, Brazil, Argentina, Chile, UAE, Australia, Mexico, and South Africa.
New PCT patent filed
19 days agoNew PCT patent on blade manufacturing
Flower Turbines just filed an international phase PCT on how to make improved connections from the blades to the shaft.
This picture shows one of the current ways of connecting them: using flat rods and washers (2) against the curved surface of a blade. You can see the ripples (3) formed in the blade from this approach.
Our solution to this is to make the blades with similar thickness pockets and a flat base to these pockets that enables a strong fit that doesn’t shorten the blades’ lifespan.
Flower Turbines Featured on Euronews Green
21 days agoFlower Turbines’ contribution to the global energy transition has been acknowledged by Euronews!
Our innovative ways of producing renewable energy, with a focus on environmental friendliness and eco-art, have caught the eye of this prestigious international platform in regards to eco-innovation.
In an interview with Euronews Green, EU director Roy Osinga discusses the ways in which Flower Turbines aims for a greener world with our wind turbines and charging products.
“The future of energy transition is that there is no one source of energy. So we have to use multiple sources. The idea is to combine efficiency with art,” Roy Osinga explained.
Sustainability, environmental friendliness and eco-art are the pillars on which Flower Turbines stands. Let’s help make the world a greener place, powered with sustainable energy.
You can read the video news article on the Euronews website here. https://www.euronews.com/green/2021/05/16/are-tulip-shaped-wind-turbines-the-future-of-renewable-energy
New Flower Turbines Generator
22 days agoFlower Turbines has started producing its own electronics, first for the smallest turbine size. We produced 10 generator prototypes for testing and use in our products, like the ZW bike charging pole. They are specially designed to be built with high quality materials and have voltages capable of working with low wind speeds. We can also sell it to other companies in the future. The picture below shows the testing and then a closer view. Rated production: 100 watts. It goes up to 300 watts. One of the stress tests was spinning it at 250 rpm (everyday use expected to be in the range of 25-100) for 30 minutes, and the temperature went up by only a few degrees. This mass-produced product cost will be below that of current Far East prices after we finish the initial investment in tooling. This is how our investors are enabling US manufacturing and better control of our supply chain.
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