GreenSpur Information

Are you involved in delivering offshore wind projects to deliver clean renewable energy, but are worried about the rare earth problem facing the industry. Yes? Then we can help. Between 2020 & 2030, global offshore wind is forecast to grow by a factor of 8 and by 2050 by a factor of 48 to reach 1,400GW. This means that on average we will need to install 46GW a year between 2020 and 2050 to meet a 1,400GW target. However, forecasts show that global annual demand for rare earth magnets will exceed demand by 2030, leading to shortages if additional supply isn’t developed. Meeting forecast growth will require a production increase of 15% per annum - equivalent to opening a new mine the size of California’s Mountain Pass every year or one the size of Batou in China (the world’s largest rare earth mine) every three years. Offshore wind will become the BIGGEST user of rare earth magnets by 2028 and annual demand will exceed total global production by 2035. Offshore wind is at a crossroads! This is where GreenSpur Wind can help. We have developed a rare earth free PMG that COMPLETELY eliminates rare earth magnet risk. We haven’t got all of the answers, but we know how to solve problems. Our ambition is to be part of a long-term net-zero solution. We want to work with individuals, businesses, investors, trade associations, communities, local and national Governments to bring a game-changing technology to market. Please contact me if you want to get involved. About Us: 💥GreenSpur has developed a new rare earth free generator for the offshore wind market. Our design eliminates rare earth magnet risk. 💥We have successfully tested units at the Offshore Renewable Energy Catapult in Blyth, UK. We are now focused on commercialising our generator and are actively seeking investors and co-development partners. 💥Our goal is to deliver the most environmentally friendly generator ever built. Our unique modular design means we can scale rapidly to 20MW plus levels.