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modvion.com

Founded Year

2016

Stage

Grant - III | Alive

Total Raised

$9.17M

Last Raised

$1.7M | 5 mos ago

About Modvion

Modvion is a Swedish engineering and industrial design company developing modular designs in renewable engineered wood products to simplify and improve construction logistics. Its current area of focus is in wind tower technology. Modvion's patented module technology enables significantly decreased cost, efficient transportation, and streamlined installation of towers exceeding 120m.

Modvion Headquarter Location

Forsta Langgatan 18

Gothenburg, 413 28,

Sweden

+46-76-713-5026

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Expert Collections containing Modvion

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Modvion is included in 1 Expert Collection, including Renewable Energy.

R

Renewable Energy

2,813 items

Includes companies working on technology to support renewable energy generation.

Modvion Patents

Modvion has filed 1 patent.

The 3 most popular patent topics include:

  • Aerodynamics
  • Engineered wood
  • Radio masts and towers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/16/2020

Aerodynamics, Wind turbines, Woodworking, Radio masts and towers, Engineered wood

Application

Application Date

1/16/2020

Grant Date

Title

Related Topics

Aerodynamics, Wind turbines, Woodworking, Radio masts and towers, Engineered wood

Status

Application

Latest Modvion News

Windmill towers made of wood

Jun 1, 2022

Print   Stora Enso and wood technology company Modvion are partnering to establish wood as the material of choice for wind turbine towers. The collaboration’s purpose is to demonstrate the vast possibilities in using wood in demanding constructions. When the height of a tower doubles, the effect from the turbine quadruples. The market predictions are 30 000 new turbines per year. And every wind turbine needs a tower. Lightweight LVL modules are used to construct the wind turbine towers. Modvion says that its modular wooden solution provides the world with tall towers that are not only close to climate neutral, but also stores CO2 during its lifetime. Modvion builds wind turbine towers with laminated veneer lumber (LVL), which proportionate to its weight is stronger than steel. Stora Enso is a leading supplier of mass timber products, including LVL. The towers are built in lightweight modules, enabling taller towers and easy transportation on public roads without permits or road reconstructions. Taller towers reach stronger winds, leading to more cost-efficient energy production. “We are proud to enter into partnership with Modvion who, like us, strive to push boundaries and demonstrate the possibilities with wood.” said Lars Völkel, executive vice president, Division Wood Products, Stora Enso. “As one of the largest sawn wood producers and private forest owners in the world we play an important role in the transformation to a greener society. By contributing our expertise to Modvion we can further help make a difference in mitigating climate change and supporting the EU’s drive to increase renewable energy production.”     Using wood, a renewable resource, can reduce the CO2 emissions for the tower by 90% while also storing carbon dioxide that has been taken up by trees during their growth. The wood used for advanced constructions such as wind turbine towers can be reused in new wood-based products which provides further long-term climate benefits. “The commitment of Stora Enso to replace fossil-based materials with renewables is a perfect match for Modvion,” said Otto Lundman, CEO of Modvion. “To solve the climate crisis, we need more renewable energy as well as increased use of sustainable, wooden constructions. Together with Stora Enso we can enable both.” Have something to say? Share your thoughts with us in the comments below.

Modvion Web Traffic

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Modvion Rank

  • When was Modvion founded?

    Modvion was founded in 2016.

  • Where is Modvion's headquarters?

    Modvion's headquarters is located at Forsta Langgatan 18, Gothenburg.

  • What is Modvion's latest funding round?

    Modvion's latest funding round is Grant - III.

  • How much did Modvion raise?

    Modvion raised a total of $9.17M.

  • Who are the investors of Modvion?

    Investors of Modvion include European Innovation Council, Vestas Ventures, EIC Accelerator , Horizon 2020 and MassChallenge.

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