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Today’s Northern Power Systems started in 1974 as North Wind Power Company in Warren, Vermont. Its founders hitchhiked to Colorado, Minnesota, and North Dakota to buy secondhand Jacobs wind plants. They trucked the wind turbines to Vermont where they reconditioned them for resale as the North Wind “Eagle.”
In 1978, North Wind was awarded a U.S. Department of Energy contract to develop a high-reliability 2 kW wind turbine for the growing telecommunications market. As a result of that work, North Wind developed its HR2 wind turbine, a three-bladed, horizontal axis up wind rotor configuration utilizing a slow-speed, direct-drive 2.2 kW alternator. This small wind turbine soon gained international market acceptance as one of the most rugged, high-reliability wind turbines available. Over 600 HR2 and its successor HR3 wind turbines were sold over approximately 20 years of production. Northern Power wind turbines have been installed in over 40 countries on all seven continents, with many still operational today.
In 1986, the team continued its DOE-sponsored research and development work, but also began to design, fabricate, and install high-reliability hybrid power systems for remote applications using gas- and diesel-fired reciprocating engine generators, photovoltaic panels, wind turbines, and battery banks for energy storage.
In the summer of 2008, the Vermont operation was acquired by Wind Power Holdings, LLC and successfully completed an initial round of capital fundraising that brought financial powerhouses including Allen and Company and Rockport Partners into the fold. Together, the acquisition and investment round brought Northern Power’s working capital infusion to over $50 million.
Today Northern Power Systems continues plans for aggressive growth with the backing and partnership of some of the most trusted and well-known financial partners in the