ESB fund leads radar firm investment
ESB Novusmodus, a clean technology fund backed by the ESB, led an investment in Aveillant, a UK company with technology that stops wind turbines from jamming airport radars.
The £6.75m investment will enable Cambridge-based Aveillant to make and install its Holographic Radar units, which allow radars to distinguish between aircraft and wind turbines, according to a statement emailed by Greencoat Capital, which is an adviser to ESB Novusmodus.
When built in the sight of air traffic control radars, turbines create "clutter" on controller screens, obscuring the visibility of aircraft and fuelling objections to projects in planning.
There is more energy capacity held up in the consenting process because of aviation radar issues than is installed on the ground, said the statement.
The financing includes contributions from existing investors DFJ Esprit and Cambridge Consultants.
Demonstrations of the technology, are planned at Prestwick and Glasgow airports, in addition to a system at Cambridge airport, said the statement.