The Phase 1 Feasibility Study has allowed NE21 to enhance their knowledge of the existing technologies and competition, the existing small wind turbine regulations and standards, as well as to establish the certification plan. NE21 also analysed planning and installation requirements for small wind turbines and together with the project partner prepared the installation plan and guidelines. In addition, NE21 prepared the industrialization plan and secured the manufacturer for the turbine wings manufacturing and the turbine assembly. Within the Feasibility Study, a detailed assessment of the market size, customer segments and competitors was carried out. NE21 carried out a particularly focused analysis of the small wind turbine potential in the UK and established a viable business model for the UK and Europe.
The Feasibility Study also showed that the UrbaVento turbine will have a rapid market penetration and will reach a BEP in the second year. NE21’s asset light business model avoids massive capital investment and enables the rapid scale-up of UrbaVento’s manufacturing and distribution. But to achieve NE21 desired goal and become the leaders in small wind turbines, the technology must be optimised for reductions in costs of materials, efficiency and the aesthetic delivery.