Low-cost, high-efficiency micro wind turbines for widespread wind generation Halo Energy aims to use its patent-pending shroud technology to build one of the world's most efficient, small-scale wind turbines.Small wind struggles as a viable energy category because most small-scale wind turbines are inefficient compared to conventional energy sources or even larger wind turbines.We want to change that narrative.Based on our research, because of higher tip losses relative to rotor size, conventional open-bladed wind turbines become increasingly inefficient the smaller they get. Not so with Halo's shrouded wind turbines. Ours are designed to maintain constant efficiency across rotor diameters enabling them to achieve a power coefficient (Cp) that can outperform conventional comparably-sized t... [Read More]
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders.
March 02, 2019
May 31, 2019
Certification: 20% - 5%
Contract Engineering: 20% - 10%
Pre-Commercial Deployments: 30% - 20%
Tooling: 10% - 20%
Business Development: 20%
Salaries: 0% - 25%
Vin Loccisano - CEO
Vin Loccisano is a co-founder and CEO of Halo Energy where he directs the company's engineering, product development, and manufacturing activities. Prior to founding Halo Energy, Vin held a variety of executive and legal roles at Schlumberger. He was an early employee at Ogin Inc. and served as Ogin’s Chief IP Counsel. He was also the founder of Simulation Design and Engineering Corp., a firm that specialized in rapid prototyping and project deployment in the anti-terrorist protection and threat assessment field in Africa, Russia, East Asia and the Middle East.Vin holds a BS in Mechanical Engineering from Lehigh University (’97), a Juris Doctorate from Suffolk University (’01) and a sponsored executive MBA from the Rotterdam School of Management, Erasmus University (’09).*The Company does not currently have employment contracts with its employees.
Charlie Karustis - Chief Development Officer
Charlie Karustis is the Chief Development Officer at Halo Energy and is charged with identifying distributed energy markets globally and procuring micro wind turbine customers. Mr. Karustis has more than 25 years of professional experience providing environmental consultancy services and developing wind energy generation projects throughout the US. He is experienced in market research, fatal flaws analyses / due diligence, land leasing, environmental and engineering studies management, local, state, and federal permitting, turbine micrositing, and power contract procurement. He is a highly motivated, self-starter that has been working in various entrepreneurial capacities in wind energy for the last 7 years.In 2015, he conducted due diligence and purchased an operating 4.2 MW wind farm in Palm Springs, California and procured a new power purchase agreement with Southern California Edison. His was the first wind farm to successfully procure a ReMAT contract (feed-in-tariff) in the State of California. He was able to improve the performance of the wind farm and sold the wind farm in 2018 for a multiple of 6 times what he had invested.*The Company does not currently have employment contracts with its employees.
Oliver Foley - CFO
Oliver Foley is a co-founder of Halo Energy and is responsible for the company’s financial and commercial operations. Prior to founding Halo, Oliver was Director of Finance at Ogin, Inc., where his responsibilities included financial planning, fundraising, M&A, and business development. He also managed the operation of Ogin’s portfolio of wind farms with a generating capacity totaling 90MW.Oliver received an MBA with distinction from The Tuck School of Business at Dartmouth College and a B.A. from Davidson College.*The Company does not currently have employment contracts with its employees. Oliver is working part-time as he is also currently employed by a digital sales company.
Interest Rate: 5%
Note Term: 24 months
Conversion Discount: 20%
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