The future of wind power

Massive wind turbines dominate the wind power industry, but entrepreneurs are now racing to build energy-making kites, sails and balloons. Here are five cutting-edge technologies.

1 of 5
BACKNEXT
A cargo ship that sails
A cargo ship that sails
Skysails, Hamburg

Tow, tow, tow your boat is the idea behind attaching giant paraglider-shaped kites to cargo ships. The Hamburg startup SkySails has designed these giant textile sails large enough to cover the floor area of a ballroom. On a test voyage from Germany to Venezuela to America and then back to Norway, the skysail cut a vessel's fuel use by $1,000 a day.

Founded: 2001

Technology: The automated kite launches from a ship's bow and sails to a height of 300 to 1,600 feet to help propel the vessel. Ranging in size from 1,700 to 3,400 square feet, the double-walled kites can be deployed on a range of oceangoing ships, from shipping trawlers to mega-yachts.

Energy production/savings: SkySails estimates that its kites can cut a ship's fuel consumption by 10% to 35% a year on average, with the cost of the system amortizing in three to five years. The kites also help cut greenhouse-gas emissions by reducing use of the ship's engines.

Stage of development: The first pilot systems are in operation onboard a pair of cargo ships.

Reality check: A slowing global economy could make sales to international shippers a challenge.
NEXT: A little wind
Last updated October 15 2008: 8:45 AM ET
More Galleries
10 multi-million-dollar mega-yachts These folks definitely do not need a bigger boat. Peek inside some of the swankiest vessels on the high seas. More
Meet Facebook's "adult supervision" The same seasoned vets Mark Zuckerberg leaned on for wisdom may now be tangled in the company's messy IPO. Here's a look at who's who. More
A bouquet of wishes for the folks on this year's list More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.