Airborne Wind Energy Labs, LLC (AWELabs) was formed to commercialize an invention of its founder Leo Goldstein that allows a significant decrease, up to 10 times less, in wind energy capital expenses. This finding is confirmed by multiple peer-reviewed scientific publications. An article in the prestigious Energy Journal notes: “The economic analysis shows that the proposed system is 10 times less expensive than a conventional wind turbine with a comparable average power output” (Energy Journal, vol. 55, 987–995, June 2013, http://dx.doi.org/10.1016/j.energy.2013.03.087). This makes the invention less expensive technology for electricity generation than any technology currently in widespread commercial use. The invention is patent pending.
Leo Goldstein is nominated for the Eni Award 2014 for his research in the foundation of AWELabs.