Altaeros Energies was founded in 2010 at the Massachusetts Institute of Technology. Our mission is simple – to deploy the world’s first commercial airborne wind turbine to harness the abundant energy in strong, steady winds at higher altitudes. We work with businesses and communities to deploy low cost power solutions at remote locations that often rely on expensive fossil fuels.
Altaeros Energies has received funding towards wind turbine technology development from a number of sources, including the U.S. Department of Agriculture, the National Science Foundation, the California Energy Commission, the Maine Technology Institute, the Massachusetts Clean Energy Center, Cleantech Innovations New England, and the Alaska Energy Authority. In addition, Altaeros Energies received the 2011 ConocoPhillips Energy Prize.
This material is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, under Agreement No. 2012-33610-20169 of the Small Business Innovation Research Grants Program; and by the National Science Foundation under Grant No. 1248528.
In 2010, Altaeros Energies and three other area companies were looking for affordable space to build prototypes near MIT in Cambridge, MA. Greentown Labs was born.
Today, nearly forty energy and clean technology organizations comprise the Greentown Labs community. The original four entrepreneurs and those that have followed have built award winning companies and a vibrant community of entrepreneurs solving big challenges.
As of August 2014, three years after it’s founding, Greentown Labs has grown and moved to it's new location in Somerville MA, providing over 33,000 square feet of prototyping, office, and event space, and doubling it's capacity to serve the needs of energy and clean technology entrepreneurs. Greentown Labs now receives over 5,000 visitors per year, ranging from high school students to government leaders here and abroad, and is the center of gravity for clean technology and energy innovation in Boston, hosting an ever expanding array of events and providing a forum for educational programming for the Boston area entrepreneur community.