
ChapDrive AS is a spin-off company of the Norwegian University of Science and Technology (NTNU) in Trondheim, Norway. Research and business development was initiated in 2004 by leading Norwegian and UK scientists when they developed the idea of a unique hydraulic transmission for wind turbines to reduce top weight, improve reliability and thus reduce cost of energy. The technology was developed over several years and a 50 kW model was laboratory tested at NTNU. The business concept was developed at the Technology Transfer Office (TTO) at NTNU, and ChapDrive was later founded together with key scientists in December 2006.
In 2007, NorthZone Ventures, Hafslund Venture and Energy Capital Management (StatoilHydro venture) entered into an investment agreement with ChapDrive enabling the company to continue developing and testing the technology with a 300 kW test rig, a 225 kW wind turbine and a 900 kW wind turbine. The 900 kW wind turbine was a pilot project supported by the Norwegian governmental body ENOVA and served as commercial scale verification.
In 2008 and 2009 the structure of ChapDrive was further developed, key staff was added and the management team strengthened by the employment of a CEO and a CTO both having substantial experience from within the wind turbine industry.
ChapDrive has its headquarter in Trondheim, Norway, a test site at Valsnes close to Trondheim and a branch office in Silkeborg, Denmark. With promising test results, a strong management team and a staff of 20 competent and committed employees ChapDrive is well prepared to enter the commercialization phase.