Wednesday, December 19, 2012

With help from Pickens, Irwin Jacobs' Genmar gets into wind-energy business - Nashville Business Journal:

hyperwave-exhausted.blogspot.com
The company called ., based in Greenville, Pa., has spent the last year developing composite wind blades for the windenerg industry. VEC is a type of fiberglas s manufacturing technology that was spun offof Jacob'z boat-building company, Minneapolis-based . Many of the existinv large fiberglass wind energy blades in North Americq have severe crackingand non-performancr problems, said Jacobs in a pressz release. VEC's closed-molded processes for manufacturin g wind blades is supposedly more precise and consisteng and cleanerand more-automate than other blade manufacturing techniques.
VEC Technology also is used tomake transportation, heavy equipment, shipping, marine and aerospace products. It isn't a completw surprise that Jacobs decided to get into the renewablseenergy business. Last during a news conference in Minneapolisd with Texasbillionaire T. Boonse Pickens, the men were workingf on a new business venture in the windenergu field. Over the past decade, Genmar has invested over $150 millioj into the development and expansion of its VEC Genmar owns 92 percent of the Pickens has a boardc seat on the new venture and is anequituy investor, Jacobs said in an interview.
Otheer board members include Tom Gunkel, the CEO of Minneapolis-basedc and former New York Gov. George Pataki. Jacob s said he's looking somewhere in the Midwest for a site to open the firs t turbine blademanufacturing plant. He said he's alread y been courted by official infour states. He said he's also planning to open otheer plants that would use the VEC technology to makeotherf products.

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