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V– A Truly Disruptive Wind Power System Focused on Utility Scale Wind Farms and Wholesale Power Markets

The dawn of modern civilization has been driven, in large part, by the availability of cheap, reliable electricity.  It is essential to society as we know it.  But the alarming growth in the consumption of the fossil fuels used to create that electricity has caused human kind to dream of a world powered by a sustainable, renewable energy source.  Building on decades of research and aggregating technologies from various industries, V3 Technologies has finally unlocked the code to make that dream a reality.

Founded in 2006 and managed by a world class team of executives,
V3 Technologies, LLC is pioneering the development and commercialization of the next generation of multi-megawatt wind power systems.  These systems are backed by multiple patents and are an order of magnitude better than any other known renewable power source in the world.

For example, compared to the best modern 2-megawatt wind turbines, the V3 system is designed to deliver…  (“2x2x13 @ ½”)

  • 2X the capacity (4.1 megawatt base case design per tower)
  • 2X the capacity factor (70+%)
  • 13X more towers per wind farm
  • ½ the cost to build per megawatt of capacity (~US$1,000 / KW versus ~US$2,000 / KW)
  • Profoundly lower volatility / intermittency on the grid

About

It’s about the wind farm, not just the rotor

The main problem being addressed by V3 is that renewable energy is not likely to become the predominant source of power for modern civilizations unless it, a) is clearly economically competitive or superior to [without any form of subsidization] any other form of power generation, b) can be located in most types of geographies and climates, and c) can operate without causing significant disruption to the transmission and distribution systems.

V3 believes the current path of development of traditional wind technologies will not likely achieve these criteria, even with the emergence of new power storage technologies, for the foreseeable future primarily because the manufacturers of traditional turbines are asking the wrong question (how to make the best rotor) and being driven by the wrong paradigm (that making the best rotor will result in the best wind farms).

While large companies like GE and Vestas focused on building larger and larger rotor blades, V3 took a different perspective and focused on aggregating a unique cluster of existing technologies to create a wind farm that does a better job of extracting energy from the ‘river of wind’ that passes over a given piece of land or waterway

Not a New Technology but a Completely New Approach

V3 was founded more than 12 years ago with a focus on identifying, refining as necessary, and aggregating complementary technologies and processes to create a multi-megawatt power ‘system’ that will be a major leap forward in energy density per wind farm and energy production per tower compared to traditional wind towers.  V3’s efforts have resulted in being granted multiple patents relating to key components of the system and related processes, with more patents forthcoming

Benefits of the System’s Components are Multiplicative Leading to Results that are Extraordinary

It’s the unique combination of components that makes the difference.  In addition, the interactions between the components are generally multiplicative leading to exponential increases in wind farm output.  For example, V3’s base case tower is expected to generate over 52X more electricity from a typical 1,000 acre wind farm than those using the best modern 2-megawatt windmills for about half the capital cost per megawatt and with a dramatic reduction in volatility / intermittency – a critical issue facing transmission grid operators

Risks to Achieving Operational Targets are Minimized –
Minimal “New Technology” Risk

There are eight key components driving the extraordinary performance of a V3 wind farm, and all of them are either basic laws of physics or technologies that are already in commercial operation.  Although there is work being done to refine the components for the unique V3 tower system environment, the basic operating characteristics of each component are well known.

In addition, the overall production of the system is not dependent on the performance of any one component.  In other words, one or more of the components could perform substantially worse than expected without threatening the profound competitive advantage the V3 system has over current wind tower technologies.

 

Our Team

Management and Advisory Board:

The world class V3 Technologies team consists of eight talented executives who each bring a unique and vital skillset both to the initial demonstration projects and to the buildout of the larger licensing and power company businesses.  The company is led by its founder, Dr. Kenneth Cory and supported directly by Mr. Robert Reive, the chief technical officer and inventor of the Reive Hybrid VAWT rotor design.  In total, the V3 team has nearly 190 years of combined experience in power engineering, business strategy, finance, and related businesses at the highest levels across multiple countries and jurisdictions.

 

Dr. Kenneth Cory, Chairman & CEO –
Founder of V3 Technologies

 

 

 

With over 20 years of consulting, executive, private equity, and board of directors experience, Dr. Cory is a recognized leader in the energy and infrastructure sectors of North America.  Subsequent to tenures as a professor (PhD in Business Strategy with a specialization in Finance / Economics at Texas A&M University) and as a strategy consultant with Deloitte Consulting, Ken served as the global chief strategy officer, including new business development and new technologies, for two Fortune 300 global energy companies – TXU Corporation, a $40 billion global power and gas utility headquartered in Dallas, Texas, and Calpine Corporation, a $23 billion independent power and gas production company based in San Jose, California. Ken then accepted a role as Executive Vice President of Finance and Administration for EPCOR Utilities, a $7 billion power and water company in Edmonton, Canada.  While at EPCOR, he crafted and helped lead the execution of a restructuring plan that included the IPO spin off of a $4 billion power company – the first major North American IPO following the financial market crisis of 2008-2009.  Ken then spent over five years as a Wall Street executive working for Apollo Global Management then as an independent advisor / principal for large scale energy transactions. As an academician, Dr. Cory was voted “Most Outstanding Professor” in the College of Business at Texas A&M University, and he has also published multiple peer reviewed articles on business strategy and economics.

Dr. Cory founded V3 Technologies in 2006, has two patents regarding the toroidal amplified wind tower technology to his credit, and currently serves as the company’s Chairman and CEO.

Overall, Dr. Cory has taught, consulted to, managed, led, financed, and governed strategy, finance, and operations for both multi-billion dollar and entrepreneurial power and infrastructure companies at the highest levels across a diverse set of geographies and regulatory environments.

Home town:   Tampa, Florida, USA

Undergraduate:    Vanderbilt University and University of South Florida

Graduate:   University of South Florida

Doctorate:      Ph.D. in Business Strategy & Finance, Texas A&M University

 

 

Mr. Robert Reive, Chief Technical Officer –
Inventor, Reive Hybrid VAWT Rotor

 

 

With over 25 years of technology development, startup, as well as pre- and post-IPO rapid growth company experience, Mr. Reive is recognized as an accomplished pioneer in creating and developing new markets and technologies in both the high tech and renewable energy sectors of North America and Europe, and as being an accomplished CAD Designer and CFD simulations expert. Prior to joining V3 Technologies, Mr. Reive spent a number of years designing, engineering, running simulations, and eventually licensing his next generation wind rotor technology for use in small applications in remote locations in Canada.  Prior (and concurrently) to this research effort, Robert served in the role of Director R&D Operations for Genalta Power (Calgary) where he focused on recovering R&D tax credits by optimizing their Combined Heat/Gas Power Plant designs through the use of Organic Rankine Cycle & Gas Turbine technologies. As the Managing Director of his company Harvistor since 2008, Robert expanded his work on his rotor by successfully leading a team of technologists through a rigorous research grant-based funding, design, and project management process, utilizing a large scale 1024 core supercomputer to prove in CFD simulations and then in various field tests the significant performance improvements of his wind rotor invention. The larger scale, operationally proven rotor system is now being integrated into the V3 Technologies wind power system.

Although his recent focus has been on his new wind rotor, Mr. Reive’s engineering expertise started in the high-tech space. Following college, Robert started his professional career as a software architect and developer of ERP, CRM, and Preventative Maintenance Systems as well as integrator of CAD systems deployed on early PC LAN networks.  Robert has designed and sold Rockwell-AB process control network to data network solutions into Fortune 100 manufacturing customers, has led security/provisioning software development and QA teams serving the data center and mobile markets in both Canada and Europe, and has worked extensively in prototyping new products on the factory and shop floor working with hi-tech materials, metals, and plastics using the latest technology and processes. Of particular note is that Robert also founded and invented the core VM “Virtual Machine’ software provisioning technologies at Platespin Inc. (1999 through 2003) and has one patent in this regard.  Robert served as Chairman and CTO during that time. In 2008, Platespin was sold to Novell for US$205M.

As part of his professional career development, Mr. Reive owes a good portion of his aeronautic expertise, insights, and guidance to his father, retired Captain George. A Reive, who finished his career as the chief aeronautics engineer for heavy lift aircraft in the Royal Canadian Air Force at CFB Trenton, Ontario.  His career spanned from 1945 to 1982, and he still acts in an advisory capacity.

Home town:   Belleville Area, Ontario, Canada

Undergraduate:   WLU/University of Waterloo, Ontario, Business & Computer Science

Graduate:    (HBA), Ivey Business School, London, Ontario

 

 

Mr. Troy Laursen, CPA –
Capital Intensive Finance, Supply Chain, Project Mgt.

 

 

Mr. Laursen is one of the leading experts in supply chain, contract management, and finance for capital intensive industries in North America.  Starting in the large equipment sector at Phoenix/John Deere, Spar Aerospace, and Finning/Caterpillar, Troy gained a detailed understanding of the economics that drove large scale infrastructure projects.  In 2006, Troy was recruited by EPCOR Utilities to become Manager of Purchasing but was quickly promoted to Director then head of the entire supply chain department for the $7 billion power, water, and wires utility.  During his tenure, he transformed the procurement and payment processes for an organization that spanned three provinces and eight U.S. states, including for the construction of billion-dollar power plants.

When EPCOR split its power operations from the water and wires business in 2009, Troy was again asked to lead the creation of a new supply chain and contract management organization for the now publicly traded Capital Power company.  In this role, Troy took the lead in developing and implementing the strategies and policies for a new strategic sourcing process as well as a vendor optimization initiative across the corporation.

Following his time in utilities, Mr. Laursen moved to the construction industry at the Graham Group then to the oil and gas industry with Centrica Energy Canada.  As Vice President, Supply Chain and Procurement for Centrica, Troy again led the development of new processes and policies across the entire organization.

For over 20 years, Mr. Laursen has served in a leadership role as a supply chain, contract management, project management, and finance expert across nearly every facet of the infrastructure and construction sector.

Home town:    Lloydminster, Saskatchewan, Canada

Undergraduate:    Bachelor of Commerce, Univ. of Alberta

 

 

Dr. David Flint
Strategy Professor, Author, and Serial Entrepreneur

 

 

Dr. Flint has more than thirty years of experience in the business strategy and entrepreneurship space where he remains an active investor, managing LLC member, and board member as well as being both a faculty member and published author of business strategy.  Starting in 1983, David has invested in and helped launch numerous businesses across multiple industries.  He was involved in management of a software development company from 1987 until 2014. Additional examples of entrepreneurial ventures include being a commercial real estate investor since 1996, a board member of an independent insurance representation company since 1999, and part of the management team of a delivery transportation logistics company in 2006-2007.  David has numerous smaller positions as an active angel investor across multiple industries, and he is a board member for multiple not-for-profit organizations.

Academically, Dr. Flint has taught business strategy, the legal environment of business & ethics, entrepreneurship, and international management to over 3,000 undergraduate and graduate level business students.  He has served as a full-time faculty member at Arizona State University West (1998-2003), Utah Valley University (2003-2008), and is currently at the Mays Business School, Texas A&M University.  In March 2018, Dr. Flint officially launched his new mass market book on strategy entitled, Think Beyond Value: Building Strategy to Win. Website drdavidflint.com

Home town:    Glendale, Arizona, USA

Undergraduate:    Grand Canyon University

Graduate:   Masters, International Management – Thunderbird School of Global Management

Doctorate:     Ph.D. in Management – Texas A&M University

 

 

Ms. Ann Banks, CPA –
Energy M&A, Development, and New Technologies

 

 

Ms. Banks has spent over 30 years building a broad set of executive experiences across the Oil & Gas, Electricity / Power Generation, Carbon Management, and Carbon Sequestration for Enhanced Oil Recovery (EOR) industries, including both multibillion dollar as well as startup organizations.  Ann’s career eventually led to a specialization in emerging energy technologies including clean carbon, carbon capture, and now renewable systems.

Ann has also developed a reputation in the power industry as one of the leading experts in complex commercial transactions.  For example, as Chief Commercial Officer of privately held Summit Power Group, Ann steered the deal team and led all deal structuring and commercial negotiations relating to the $3 B Texas Clean Energy Project, a coal gasification project with greater than 90% carbon capture and sequestration in EOR operations in the Permian Basin.  Ms. Banks was Senior VP Business Development & Finance at Sindicatum Carbon Capital, a private equity start-up pursuing greenhouse gas reduction and renewable energy projects. In addition, during her nine years with Calpine Ms. Banks served in many roles with her greatest success being the simultaneous development of two gas fired combines cycle power plants. Finally, while at Koch Industries, Ms. Banks led an asset acquisition team as the US power market entered deregulation. Ms. Banks began her career at BP/Amoco where she first transitioned from the oil & gas industry to power generation. She holds an MBA from Kellogg Graduate School of Management and is a Certified Public Accountant.

 Home town:    Dubuque, Iowa

Undergraduate:    Accounting – Loras College

Graduate:     MBA – Kellogg Graduate School of Management

 

 

Mr. Stephen Nash, J.D. –
Law, International Tax, Structuring, and Accounting

 

 

Mr. Nash has in excess of 30 years of experience as a consultant, board of director’s member, corporate general counsel, and executive.  He worked exclusively in the oil & gas sector while with Arthur Andersen in Dallas and Houston and was involved primarily in the energy sector while with Deloitte in Alberta Canada.  Stephen served as General Counsel for a public company that manufactured wind towers, and when it was acquired he became a partner in a medium-sized CPA firm in southern California.  With an emphasis in international taxation, Stephen advises clients in almost every country in the world, although most of his clients are in Canada and the E.U.  He has served on the Board of three not-for-profit organizations that benefitted children with cancer and helped shelter abused women; and volunteered for 4 years as a deputy Constable in Houston, Texas.

Mr. Nash is currently President of his own consulting firm and serves as the Director of Tax for a $1.2 billion international software company in Austin.

Home town:    Sulphur Springs, Texas

Undergraduate:    Accounting, Texas A&M University

Graduate:     M.S. Tax, Texas A&M University

Juris Doctor:     South Texas College of Law

 

 

Mr. Jared Walker – Information Technology
CIO, Smart Tower Design and Automation

 

 

With over 20 years of experience in cross-platform IT operations, implementation, and innovation, Jared is a recognized global leader in employing technology to enable business outcomes.  Jared has served as Chief Technologist at Hewlett-Packard, Director of Industry Solutions at Oracle Consulting, and most recently as VP Solutions for Oneview Healthcare.  In these roles he combined an expansive IT consulting and transformation background with hands-on IT management and organizational leadership experience.  Possessing wide-ranging industry experience including energy, education, healthcare, government, financial services, and manufacturing, Jared’s diverse and extensive knowledge of technologies enables him to draw on a wealth of technological expertise, organizational and operational models, and the lessons taught through delivery of extensive change leadership.  Jared is a published technical author, has served internationally on various business advisory boards, and has been a featured speaker at several industry events around the world.

Home town:   El Paso, Texas

Undergraduate:   BBA, Management Information Systems, University of Houston

 

 

Mr. Richard Zahner
Power Plant Engineering, Operations, and New Technologies

Richard Zahner has over 40 years of experience in planning, permitting, construction, operations, and development of electric power and industrial facilities. His major interest and contribution has been in power generation and the integration of new technologies and fueling options for electric utility and industrial facilities.

Mr. Zahner served in senior positions at Bechtel and Calpine and now operates an independent power consulting practice.  His development experience includes gas-fired combined-cycle cogeneration systems, natural gas liquefaction facilities, utility scale solar projects, biomass and waste coal fluid bed combustors, and new technology evaluation and demonstration.

He has managed or contributed to a variety of projects including: The first major solar energy project in Santa Clara County at Gilroy Foods, entitlement of a LNG production facility, the Gilroy Energy Company’s 120 MW cogeneration project, the Capco Biomass to Energy plants, a 2 MW Fuel Cell power plant at Silicon Valley Power, acquisition of the 870 MW PG&E Geysers Complex and the Port of Stockton’s 20MW Solar project.

Mr. Zahner is also currently working on commercialization of a utility scale Liquid Air Power Storage (LAPS) technology to store renewable energy for delivery after sunset.

Home town:   Santa Clara, California

Graduate:   MSBE in Nuclear Engineering – Marquette

Additional graduate work in Environmental Management

 

 

 

 

 

News

Richard Zahner joins the V3 Advisory Board

Mr. Richard Zahner has agreed to join V3’s Advisory Board. Mr. Zahner holds degrees in mechanical and nuclear engineering from Marquette University and has become a renowned industry expert in power plant engineering and operations in North America over the last 35 years. Mr. Zahner previously served as a senior engineer at Bechtel before becoming …