Backing the next generation of wind power: our MOU with Wind Harvest

We are pleased to announce that we have signed a Memorandum of Understanding with Wind Harvest International, Inc., establishing a structured funding partnership of up to USD 80M+ to support the company as it scales its vertical axis wind turbine technology.

The MOU sets out a milestone-based roadmap for capital deployment across three tranches, taking Wind Harvest from technology certification through to utility-scale infrastructure build-out. It is the kind of structured, staged commitment that sits at the heart of how we work with portfolio companies: aligning capital with critical business milestones, de-risking the journey, and positioning the company for premium valuations as it grows.

Why Wind Harvest

Wind Harvest sits at the intersection of two of our core focus areas: energy transition and infrastructure innovation. The company designs and manufactures vertical axis wind turbines optimised for distributed, industrial, and utility-scale applications, including hybrid wind-solar-storage projects. Crucially, its technology is designed to operate in the turbulent wind found nearer the ground, opening up locations that are simply unsuitable for traditional horizontal axis turbines.

This matters because the addressable market for wind is bigger than the conventional turbine industry has been able to reach. Wind Harvest is now advancing large-scale deployments, initially targeting 100-megawatt-class renewable energy “ecosystem” projects designed to operate on or off-grid and supply power directly to high energy using off-takers.

A focus on Native American reservations and AI data centres

A primary focus for these deployments is Native American reservations, where tribes can own the renewable energy infrastructure, lease land to data centre operators or other high energy using off-takers, and benefit from the 50% federal Investment Tax Credits currently available. It is a model that aligns economic ownership with the communities hosting the infrastructure, and it lines up neatly with the surging power demands of AI data centres.

The combination is compelling: a turbine technology that unlocks sites others cannot use, a deployment model that puts ownership in the hands of host communities, and an off-taker market that is growing as quickly as any in the global economy.

What happens next

Wind Harvest has already demonstrated a pathway to commercial viability through extensive field testing and is now advancing towards Series B financing to support commercialisation, manufacturing scale-up, and global project deployment. Over the coming months, the parties expect to complete diligence with the goal of finalising the Series B and establishing a long-term strategic partnership by the end of May.

Stuart Livingstone, who is leading the relationship on our side, put it this way:

“Wind Harvest represents exactly the kind of transformative cleantech business we seek to support. Their vertical axis wind turbine technology sits at the critical intersection of energy transition and infrastructure innovation, two of our core investment focus areas. The structured MOU we’ve signed establishes clear milestones across three funding tranches and provides the framework needed to attract additional investment. Wind Harvest’s ability to unlock renewable energy opportunities in underserved locations, particularly their focus on Native American reservations and AI data centre applications, demonstrates both the scalability and strategic importance of their solution. We’re excited to support their commercialisation and global deployment journey.”

Kevin Wolf, CEO of Wind Harvest, added:

“This MOU represents a major milestone for Wind Harvest. Chair Capital’s combination of capital, project expertise, and understanding of high-energy-demand markets aligns perfectly with where our technology is headed and the scale of opportunity in front of us.”

We will share more as the partnership progresses.