IceWind

What IceWind does

IceWind Inc. is a privately held, Iceland-based designer and manufacturer of small vertical-axis wind turbines (VAWTs) targeting remote, off-grid, and extreme-environment power applications. Founded in Reykjavík by Sæþór Ásgeirsson and Ásgeir Sverrisson, the company has developed a portfolio of three named hardware products: the RW600 (600 W VAWT for telecommunications and critical infrastructure), the SKIPP (a mobile 1,800 W wind-and-solar platform deployable in under ten minutes, aimed at mining, industrial, and research sites), and the IceBox (a modular 9.5 kW wind-and-solar cluster system for flat and low-slope commercial rooftops). The underlying technology is an omni-directional vertical-axis architecture that requires no yaw mechanism, is rated for a 2–60 m/s operating wind-speed envelope, and carries a 20-year design life, with modular units that can be combined or paired with solar to match site-specific load profiles. A separate Energy Consulting service provides custom off-grid wind, solar, and hybrid solutions.

IceWind serves six primary verticals — telecommunications operators, critical-infrastructure owners, mining operators, industrial sites, research facilities, and commercial rooftop owners — with telecom and critical infrastructure identified as primary. Revenue is generated through one-time hardware sales of the turbine systems and professional services for custom energy deployment, with quote-based pricing per configuration and multi-year operational commitments implied by the 20-year design life. The go-to-market is sales-led and consultative: enterprise customers engage directly via the website and region-specific contact channels ([email protected] for general inquiries and [email protected] for North America), with a self-service pre-order intake on the website for the CW system extending reach into the mid-market.

The company operates with a small disclosed leadership team — Dr. Stephen Drake (CEO), Saethor Asgeirsson (CTO and co-founder), and Ādams Ponnis (CDO) — and a reported headcount of 1–10. Legal name is IceWind Inc. (a U.S.-style corporate suffix, despite the Icelandic operational base at Arleyni 2, Reykjavík). Public funding of approximately $2.45M was raised in multiple Icelandic Technology Development Fund and EU EISMEA rounds between 2013 and 2016 to support product development; no subsequent funding rounds are disclosed in the available source material. No revenue, customer logos, or patent portfolio are publicly disclosed.

Name

IceWind

Legal name

IceWind Inc.

Website

https://icewind.is

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

IceWind Inc. is an Iceland-based designer and manufacturer of small vertical-axis wind turbines serving telecommunications, mining, industrial, research, and off-grid power applications, with hardware products and energy consulting offered through direct sales and a North American commercial outreach channel.

Ownership category

akta.pro rank

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hardware sales of wind turbines: One-time sale of manufactured vertical axis wind turbine systems across product lines (e.g., RW600, SKIPP, IceBox, CW pre-order), generating equipment revenue per deployment.
2. Energy consulting and project services: Consulting-led engagement around renewable energy deployment for telecom, industrial, mining, and remote-site customers, supporting site assessment and project delivery alongside hardware sales.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels4 records

Core offering

IceWind designs, manufactures, and sells small vertical-axis wind turbines (VAWTs) and hybrid wind/solar power systems for off-grid and remote applications. Its product portfolio includes the RW600 (600 W), SKIPP (1,800 W mobile hybrid platform), and IceBox (9.5 kW modular cluster system), supported by an off-grid Energy Consulting service for custom wind, solar, and hybrid deployments.

Product overview

IceWind offers a portfolio of three distinct vertical-axis wind turbine hardware products rather than a single unified software platform: the RW600 (600 W vertical-axis wind turbine for remote telecommunications and critical infrastructure), SKIPP (a mobile 1800 W hybrid wind-solar power platform for rapid deployment at mining, industrial, and research sites), and IceBox (a modular 9.5 kW wind-solar cluster power system for flat and low-slope rooftops). The portfolio is complemented by a separate Energy Consulting service for custom off-grid wind, solar, and hybrid solutions. All three products share a common design philosophy of robust, omni-directional turbines with low operation cost, wide operating range (startup from 2 m/s, tested to 60 m/s), and suitability for remote and extreme environments.

Differentiator

Problem solved

Functional benefit

Brands

• RW600: The 600 W vertical-axis wind turbine designed for reliable power for remote telecommunications and critical infrastructure; can be installed close to the ground or on existing structures.
• SKIPP
• IceBox

Products and services

• RW600 The 600 W vertical-axis wind turbine designed to deliver reliable power for remote telecommunications and critical infrastructure; enables installation close to the ground or on existing structures and is part of IceWind's omni-directional VAWT platform.
• SKIPP Mobile 1,800 W power platform combining wind and solar power, designed for rapid deployment (operational in under 10 minutes) and targeted at mining operations, industrial sites, and research facilities.
• IceBox Modular 9.5 kW wind and solar cluster power system designed for flat and low-slope rooftops; can be installed as a single unit or arranged in rows or perimeter layouts to scale power generation.
• Energy Consulting Off-grid consulting service for custom wind, solar, and hybrid energy solutions, supporting site assessment and project delivery for telecom, mining, industrial, research, and remote-site customers.

Quantifiable outcome

• Operating wind-speed range of 2 m/s to 60 m/s
• +1 more outcomes

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Quietrevolution: UK-based vertical-axis wind turbine manufacturer targeting distributed generation for buildings and remote sites. Directly comparable to IceWind on VAWT architecture, small-wattage product positioning, and urban/rooftop use cases; historically a leading European VAWT brand before being wound down.
• Windspire Energy: US manufacturer of vertical-axis wind turbines in the 1–2 kW class for residential and small commercial customers. Directly comparable on VAWT product category, distributed-generation focus, and small-wind scale.
• UGE International (now Pineapple Energy): Originally a vertical-axis small-wind company (UGE) serving telecom and off-grid customers; acquired by Pineapple Energy. Comparable as a distributed wind/telecom power specialist with overlapping target verticals (telecom towers, off-grid sites) and small-scale renewable hardware sales.
• Turby: Dutch manufacturer of vertical-axis wind turbines designed for urban and rooftop applications. Directly comparable to IceWind's IceBox product in terms of VAWT architecture, modular rooftop configuration, and small commercial-scale output.
• Helix Wind: Manufacturer of small vertical-axis wind turbines for residential and remote-power applications. Comparable on VAWT design, low-wind operating envelope, and distributed/off-grid customer targeting.
• Kliux Energies: Spanish manufacturer of vertical-axis small wind turbines and hybrid solar-wind systems. Comparable to IceWind on VAWT architecture, hybrid wind/solar integration, and small-scale distributed generation.
• Primus Wind Power: US-based manufacturer of small wind turbines (Air series, ~1 kW) and hybrid solar-wind systems targeted at off-grid cabins, telecom, and remote monitoring. Comparable to IceWind's SKIPP on small-wattage, hybrid wind/solar, mobile/off-grid product positioning.

Broad incumbents

• Bergey Windpower: Established US manufacturer of small horizontal-axis wind turbines (1–10 kW+) for off-grid homes, telecom, and remote sites. Comparable to IceWind on small-scale distributed wind for telecom/off-grid customers, though using the dominant HAWT architecture rather than IceWind's VAWT.
• Northern Power Systems: Distributed wind turbine manufacturer with strong presence in telecom tower and remote power applications. Comparable as a broad incumbent in the same off-grid distributed wind market IceWind targets, with a larger installed base and product portfolio.

Emerging players

• Endurance Wind Power: Manufacturer of small horizontal-axis wind turbines focused on telecom, off-grid, and rural electrification applications. Comparable customer base (telecom operators, off-grid sites) and small-scale distributed-wind positioning; an emerging/niche player in a similar market segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/icewind2020
• YouTubeyoutube.com/channel/UCge1zrnOEFVNRWif96DCEyg
• Facebookfacebook.com/IceWind.Iceland
• LinkedInlinkedin.com/company/icewindenergy
• Instagraminstagram.com/icewindiceland

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IceWind